Ex.
1 (7 marks): Company A import 10,000kg tobacco at FOB price of 5$/1kg; 1,000 litters of
liquor at FOB price of 10$/liter and 20,000 square meters of fabric at FOB price of 3$/square
meter.
Freight charge & insurance for those 3 shipments are 100$ & 20$ accordingly.
In the same accounting period, company A had transactions as followed:
Used 8,000kg of tobacco to produce 16,000 packs of cigarettes and sold 12,000 packs of
cigarettes into domestic markets at the price of 600,000 VND/pack (VAT included).
Export directly 1,000 packs of cigarettes to a foreign partner at FOB price of 800,000
VND/pack
Sold 1,000kg tobacco to another domestic company at the price of 500,000 VND/kg (not
including VAT). ( vì bán trong nước và không sản xuất nên đây là khâu thương mại =>
không phải nộp thuế Excise => Chỉ nộp thuế VAT thôi)
Used 900 liters of liquor to produce 1,800 bottles of wine and sold 1,000 bottles of wine
to domestic market at the not-including excise tax of 1,500,000 VND/bottle.
Company B sign an exporting contract with its foreign partner to export 500 bottles of
wine at FOB price of 2,500,000 VND/bottle. To fulfill this contract, company B bought
500 bottles of wine from company A at the not-including VAT price of 1,400,000
VND/bottle. However, company B only successfully export 400 bottles of wine, the other
100 bottles of wine are then sold domestically at the not-including VAT price of
1,800,000 VND/bottle.
Company A use 15,000 square meters of fabric to produce 7,500 shirts and then sold
6,000 shirts to domestic market at not-including VAT price of 350,000 VND/shirt, export
500 shirts at FOB price of 500,000 VND/shirt, give 80 shirts to their employees under
internal uses purpose as uniform.
Exchange rate is 22,000VND/USD
Product Import tax rate Export tax rate Excise tax rate VAT rate
Tobacco 12% - 65% 10%
Cigarettes - 10% 65% 10%
Liquor 15% - 50% 10%
Bottle of wine - 15% 50% 10%
Fabric 10% - - 10%
Shirt - 8% - 10%
Suppose that company A apply the credit method for calculating VAT. All tobacco, cigarette,
liquor, and wine are subjected to excise tax.
Questions: Calculate the import/export, excise and value added taxes for company A?
Ex.2 (3 marks): Company X runs an entertainment complex which has transactions as follow:
Dance hall service with incomes as below:
o Entry ticket fee: 500,000,000 VND
o Food & drink selling inside the dance hall: 2,000,000,000 VND
o Other services inside the dance hall: 1,500,000,000 VND
Prize-winning video games with transactions as below:
o Income from players (customer buy coins to play): 5,000,000,000 VND
o Prizes for winners: 300,000,000 VND
Lottery business with transactions as below:
o Sold 12,000 tickets at VAT-included price of 10,000 VND/ticket
o Total prize for winning tickets is 10,000,000 VND
Suppose that revenues from dance hall & casino businesses is not-including excise tax and
company X apply the credit method for calculating VAT.
VAT rate for all these three services is 10%
Services Excise tax rate
Dance hall 40%
Prize-winning video 30%
games
Lottery business 15%
Question: Calculate the excise & value-added taxes for company X?
