Exercise 1

Song Cong tea plantation and processing farm has the following production and
consumption in the month:
- Selling 12 tons of preliminarily processed tea to Kim Anh tea production company, the
selling price is 30,000 VND/kg.
- Using 8 tons of processed tea for canning, 0.5 kg/box. In the month, the farm sells 10,000
boxes domestically, the selling price excluding VAT is 30,000 VND/box.
- Exporting through an entrusting company to export 4,000 boxes, the price of DAF is
35,000 VND/box. Entrustment commission paid at 5% exclusive VAT on DAF price.
- Delivering 2,000 boxes to an independent accounting store to sell at the correct delivery
price of 30,000 VND/box (price exclusive of VAT).
- VAT on other purchased goods and services used for tea processing and canning activities
collected in a month is VND 24,000,000. The farm cannot separately account the deductible input
tax amount for each type of product. Goods and services purchased are all paid through banks.
Requirements:
- Determine the amount of VAT payable by the farm in the month for the above activity.
Know that:
+ The VAT rate of canned tea is 10%.
+ The farm pays VAT by the credit method.
- Suppose in the month that the farm exports all 12 tons of pre-processed tea, the export
price is 32,000,000 VND/ton. Re-determine the amount of VAT payable by the farm in the
month.
- Re-determine the amount of VAT payable by the farm in the month for the above activity,
in case the farm only exports 3,800 boxes of tea, the remaining 200 boxes are for internal
consumption not serving business.
- Suppose in the month that the farm entrusts the export of all canned tea, redefine the
amount of VAT payable by the farm.

Exercise 2
A pastry production enterprise paying VAT by the credit method in the tax month has the
following production and consumption:
- Buy 50 tons of flour from another enterprise to produce cakes, purchase price exclusive
of VAT 30,000 VND/kg.
- Buying 500 kg of sugar from a trading company paying VAT by the credit method, the
VAT invoice only shows the total payment price of VND 4,400,000.
- Selling domestically 10,000 boxes of cakes with VAT-exclusive price of 30,000
VND/box.
- Using 100 small cake boxes to promote customers according to the registered promotion
program in accordance with the Commercial Law. The selling price exclusive of VAT is 10,000
VND/box.
- Use the delivery note to send the agent selling at the right price 500 boxes of cakes. At
the end of the period, the agent only sold 400 boxes at the price excluding VAT (sold at the
prescribed price) of 35,000 VND/box. Commissions of 2% are calculated on the actual VAT-
exclusive value of goods sold.
- Selling 300 boxes of cakes to international organizations for humanitarian aid with the
VAT-exclusive price of 25,000 VND/box. The international organization has sent all documents
required by law to the enterprise to be purchased at the price excluding VAT.
 - The amount of creditable input VAT of other goods and services purchased outside the
enterprise in the period is 10,000,000 VND.
Requirements:
1. Determine the amount of VAT payable by the enterprise in the month. Know that:
-VAT rate of flour is 5%; sugar is 10%; pastries are 10%.
- All purchase and sale transactions have full legal invoices and documents, except for the
issues mentioned in the above operations. All purchases are made via bank transfer.
2. Suppose that in the month, the enterprise exports 5,000 boxes of cakes, sells 5,000 boxes
domestically and uses VAT invoices when delivering goods to agents instead of using internal
delivery note to agents. Please redefine the amount of VAT the business must pay in the month.

Exercise 3
An enterprise that pays VAT by the credit method and manufactures garments in July
20XX has the following situation:
1. Sold out in the month:
- Selling 100 sets of clothes domestically, selling price excluding VAT 500,000 VND/set.
- Using the delivery note to send the agent selling at the right price of 40 sets of products,
the selling price excluding VAT 500,000 VND/set, the agent reports that it has been sold at the
end of the month 30 sets, agent commission at the price excluding VAT paid 10% of the selling
price excluding VAT, calculating on the actual quantity of goods consumed.
- Directly exporting 200 sets of clothes, export price 600,000 VND/set.
- Use 30 sets of clothes to promote customers in accordance with the law.
- Selling 50 sets of clothes to international organizations for humanitarian aid to Vietnam,
selling price 500,000 VND/set.
2. Purchase in the month:
- Buy 2,000 meters of fabric, purchase price exclusive of VAT 120,000 VND/meter.
- Buy auxiliary materials for clothing production with the payment price stated on the sales
invoice of 30,000,000 VND.
Requirements: Calculate the VAT that the business must pay in the month. Know that:
- Exported goods have sufficient dossiers as prescribed by law.
- The VAT rate of the above goods and services is 10%.
-VAT of other purchase costs is deducted 2,000,000 VND.
- Purchased goods and services with receipts of payment via bank, with VAT invoices
made in accordance with the provisions of law.

Exercise 4
A cigarettes manufacturing enterprise that pays VAT by the credit method in the tax month
has the following transactions:
- Buy 6 tons of fresh tobacco leaves from farmers to produce 4 tons of tobacco, the
purchase price on the list is 15,000,000 VND/ton.
- Buy 6 tons of tobacco from another manufacturer, the purchase price excluding VAT is
35,000 VND/kg. Exporting 6 tons of these tobacco to produce cigarettes, the production norm is
0.03 kg of tobacco per 1 pack of cigarettes.
- Sell all the cigarettes produced. In which, entrusted to export 10,000 packs; sold to export
business establishments for export under the contract of 20,000 packs, the selling price excluding
VAT is 6,800 VND/pack; the rest sold domestically with the selling price on the VAT invoice is
8,750 VND/pack.
 - Selling 4 tons of tobacco produced from fresh tobacco leaves purchased from farmers to
another manufacturer with the VAT-exclusive selling price of 43,750 VND/kg.
Requirements: Determine the excise duty and VAT that this enterprise must pay in the
month related to the above operations. Know that:
- Excise duty rate for cigarettes and tobacco products: 75%. VAT rate: 10%.
- At the beginning and the end of the month, there is no inventory of tobacco and tobacco
products.
- The number of cigarettes entrusted for export has all the documents required by law.
Cigarettes sold to export business establishments for export have sufficient dossiers as prescribed
by law.
- Input VAT on other goods and services to be deducted: 20 million VND.
- Tobacco purchased from other manufacturers have full contracts, legal VAT invoices,
and a copy of the business registration certificate of the tobacco manufacturer.
- Purchased goods and services are all paid via banks in accordance with the law and have
legal invoices.
- Goods of the enterprise are not sold to affiliates.

Exercise 5
At a wine production and trading enterprise that pays VAT by the credit method in the tax
period, the following transactions arise:
- Selling domestically 80,000 bottles of Vodka and 200,000 liters of wine. The VAT-
exclusive selling price of these two wines is VND 82,500/bottle of Vodka and VND 52,000/liter
of wine, respectively.
- Directly exporting 20,000 bottles of Vodka, the selling price at the export border gate is
70,000 VND/bottle.
- Selling to export business establishments for export under an economic contract of 10,000
bottles of Vodka, the selling price without VAT is VND 60,000/bottle. During the period, the
export business has exported 8,000 bottles; The rest, this export business establishment consumes
domestically with the VAT-exclusive selling price of VND 82,500/bottle.
- Delivering to agents to sell at the right price of the company 5,000 bottles of Vodka, the
delivery price excluding VAT is VND 82,500/bottle. By the end of the period, the agent sold
4,000 bottles. The agent commission excluding VAT is 6% on the delivery price based on the
quantity of goods consumed.
- Importing 2,100 bottles of foreign wine, the import tax base price is determined at
150,000 VND/bottle. During the procedure at the Customs management area, this wine was
completely broken 100 bottles. The remaining is fully declared and imported. During the period,
the enterprise sold 1,600 bottles of this imported wine, the selling price before VAT was VND
825,000/bottle.
Requirements: Determination of VAT and excise duty the enterprise must declare to the
tax authority in the above tax period. Know that:
- Import duty rate of wine: 80%.
- Excise duty rate of Vodka and imported wine: 65%; Wine: 35%.
- VAT rate for alcohol products: 10%
- Total VAT recorded on VAT invoices for purchase of goods and services in service of
production and business in the period: VND 250,000,000.
- Purchased goods and services must have legal invoices and be paid via banks in
accordance with law.
 - The aforementioned wines and vodkas are self-produced by the enterprise. Enterprises
use invoices and vouchers fully and in accordance with regulations; have paid all taxes at the
import stage.
- Goods exported and sold to export business establishments have sufficient dossiers as
prescribed by law.
- Goods for which VAT invoices have been issued are determined to have been consumed.
- Goods of the enterprise are not sold to affiliates.

Exercise 6
Minh Long Liquor Production Co., Ltd., which pays VAT by the credit method in the tax
month, has the following documents:
1. Buy 2,000 liters of vodka from another wine producer with the tax-exclusive purchase
price of VND66,000/liter. Using 1,200 liters of medicinal wine production according to the norm
of 0.5 liters of vodka/bottle of medicinal wine.
2.Consumption in the month:
- Selling domestically 800 bottles of medicinal wine with VAT-exclusive selling price of
VND 165,000/bottle.
- Sell to import and export enterprises 800 liters of vodka (purchased by enterprises) with
the VAT-exclusive selling price of VND 75,000/liter.
- Delivering 500 bottles of medicinal wine to another local dependent accounting branch
(the branch having an accounting organization). At the end of the month, the branch sold 300
bottles with the VAT-exclusive selling price of VND165,000/bottle.
- Using the internal transportation cum internal mobilization order to deliver 600 bottles
of medicinal wine to the product introduction store in the same locality. At the end of the month,
the branch and the store both sold 300 bottles with the VAT-exclusive selling price of 165,000
VND/bottle.
Requirements:
1) Determine the excise duty and VAT payable by Minh Long in the tax month, knowing
that:
- The excise duty rate of both vodka and medicinal wine is 65%.
- VAT rate is 10%.
- Total input VAT on other goods and services to be deducted is VND 16,000,000.
- The company has no inventory of vodka and medicinal alcohol at the beginning of the
month.
- The enterprise has sufficient documents as prescribed by law for the transaction of buying
white wine from the production enterprise.
- Goods of the enterprise are not sold to affiliates.
2) Assuming the same data as the example above, but the enterprise buys vodka from the
producer directly (individual household) with the purchase price of 59,400 VND/liter. Redefining
VAT and SCT obligations to be paid in the month.
3) Assume that the enterprise that buys vodka from a commercial enterprise pays VAT by
the deduction method with the VAT-exclusive purchase price of 60,000 VND/liter. Redefine
VAT and excise duty obligations in this case.

Exercise 7
An import-export state-owned enterprise paying VAT by the credit method has the
following business situation in the tax period:
 - Buy 600 tons of rice from a trading company for export with VAT-exclusive price of 3.2
million VND per ton. The enterprise has exported all of this rice with the selling price excluding
VAT at the warehouse of 3.5 million VND/ton; the cost of transporting, loading and unloading
to the port of export must be paid to a transport company at the VAT-exclusive price of VND
800,000/ton.
- Imported from country N 500 units of air conditioners with capacity of 90,000 BTU, FOB
price at port N is 300 USD/unit, buy insurance at Bao Minh insurance company with insurance
premium of 1,000 USD for the whole lot row; freight from country N to Saigon port paid to a
foreign transport company is 2,000 USD. Enterprises have directly retailed to consumers 280
units with VAT-exclusive price of 16.5 million VND/piece.
- Received import entrustment for company A 2 rental trucks and 2,000 bottles of Vodka.
The CIF price on the foreign trade contract for wine is 20 USD/bottle, for car is 125,000
USD/piece. Company A has signed a lease contract with a foreign party for 1 year with the rental
price payable to the foreign party of 6,000 USD (Including the cost of international transportation
and insurance provided by the foreign party). The whole commission excluding VAT received
by the enterprise is 20 million VND.
Requirements:
1. Calculate the taxes payable by this enterprise in the tax period related to the above
activities. Know that:
- The export tax rate of rice is 0%.
- Import tax rate for wine is 50%, air conditioner is 20%, transport vehicle is 10%.
- The VAT rate for rice is 5%, for other goods and services is 10%.
- The excise duty rate for wine is 65%, for air conditioners is 10%.
- Total input VAT of other goods and services related to the above activities is 15,000,000
VND.
- Purchased goods and services are all paid via banks in accordance with the law and have
legal invoices.
- The enterprise has paid VAT on imported goods within the prescribed time limit.
- Taxable prices of imported goods are determined according to the transaction value
method of imported goods.
- Tax rate: 1USD = 22,800 VND.

Exercise 8
An import-export business enterprise paying VAT by the credit method in a tax period has
the following data:
- Import 3,000 bottles of wine, import tax base price: 500,000 VND/bottle. The enterprise
has sold 1,000 bottles in the country, the selling price excluding VAT: 1,155,000 VND/bottle;
the remaining wine is re-exported by the enterprise, selling price at the export border gate:
650,000 VND/bottle.
- Importing 2,000 kg of apples, the price at the import border gate: 50,000 VND/kg, the
cost of hiring VAT-exclusive goods from the import border gate to the enterprise's warehouse:
10,000,000 VND. The enterprise has sold 1,500 kg of apples to other commercial enterprises, the
selling price excluding VAT: 80,000 VND/kg; The remaining apples are retailed to consumers,
selling price excluding VAT: 100,000 VND/kg.
- Buy 10,000 boxes of cigarettes from manufacturing enterprises for export under signed
economic contracts, purchase price excluding VAT: 100,000 VND/box. The enterprise has
exported 6,000 boxes, the selling price of cigarettes at the export border gate: 150,000 VND/box;
domestic sale of 2,000 boxes, selling price exclusive of VAT: 280,000 VND/box.
 Requirements: Determine the import tax, VAT and excise duty the enterprise must pay in
the period. Know that:
- Export tax rate of cigarettes: 1%.
- Import tax rate of apples: 15%, of wine: 45%.
- Excise duty rate of wine: 65%, of cigarette: 75%.
- VAT rate of apples at the commercial stage: 5%, the remaining products: 10%.
- VAT on other goods and services purchased to serve business activities of the enterprise
shall be collected on the VAT invoice: 10,000,000 VND.
- Imported goods for which tax has been paid upon importation and exported goods with
complete dossiers.
- Purchased goods and services with invoices in accordance with regulations and paid
through banks.

Exercise 9
A state-owned enterprise that pays VAT by the credit method in the tax month has its
production and business situation as follows:
1. Buy 50,000 boxes of cigarettes from a factory X for export under a signed contract with
the purchase price of 80,000 VND/box. The enterprise has exported 30,000 boxes with the FOB
price of 110,000 VND/box. The rest due to insufficient quality standards must be sold
domestically with the VAT-exclusive selling price of 140,000 VND/box.
2. Importing 200 units of National air conditioners with a capacity of 20,000 BTU, the
purchase price at the border gate of the exporting country stated in the foreign trade contract is
300 USD/unit, the cost of international transportation and insurance for the whole shipment is
1,000 USD. During the period, the unit sold 180 units with the VAT-exclusive selling price of
VND 15,400,000/piece.
Requirements: Calculate the taxes payable in the month. Know that:
- The export tax rate of cigarettes is 1%. The import tax rate of air conditioners is 20%.
- The excise duty rate for cigarettes is 75%, for air conditioners is 10%.
- The VAT rate of the above products is 10%.
- Input VAT on other goods and services is deducted 22 million VND.
- Purchased goods and services must have legal invoices and be paid via banks in
accordance with law.
- Imported goods lots are eligible for tax calculation according to the transaction value
method of imported goods. Enterprises have paid taxes on imported goods before declaring
domestic tax.
- Number of cigarettes and air conditioners sold in the country to units that have no relation
to each other.
- Tax rate 1USD = 22,000 VND.