EXERCISE WEEK 1
Exercise 1: Calculate Export Tax and Import Tax
1. On 2 June imported 2,000 tons of raw materials, CIF price 150USD/ ton, import tax rate
is 25%.
2. On 10th June, exported 20,000 products A with FOB price USD20/product, export tax
6%.
3. On 15th June, imported 15,000 products B with CIF price USD40/product, import tax
rate 20%.
4. On 21th June import 3,000 tons of raw, FOB price USD $ 400 / ton, import tax of 15%.
5. On 28th June export 25,000 products C, CIF price 22 USD/product, export tax rate is
10%.
With the conditions below:
International freight and insurance charges for all products and materials are 3USD/ product
or 1 ton.
The VND / USD exchange rate announced by the State Bank of Vietnam is 22,000 (from 1 to
10 June), 22,050 (from June 11 to June 20) and 22,080 (from 21 June to 30 June).
Bài làm
1. Import tax payable = 2,000 x 150 x 25% x 22,000 = 1,650,000,000 VND
2. Export tax payable = 20,000 x 20 x 6% x 22,000 = 528,000,000 VND
3. Import tax payable = 15,000 x 40 x 20% 22,050 = 2,646,000,000 VND
4. CIF price = 400 + 3 = 403 USD/ton
Import tax payable = 3,000 x 403 x 15% x 22,080 = 4,004,208,000 VND
5. FOB price = 22 – 4 = 18 USD/ton
Export tax payable = 25,000 x 18 x 10% x 22,080 = 993,600,000 VND
Conclusion:
Import tax = 1,650,000,000 + 2,646,000,000 + 4,004,208,000 = 8,300,208,000 VND
Export tax = 528,000,000 + 993,600,000 = 1,521,600,000 VND
Exercise 2: Company ABC has some activities as follows. Calculate Export Tax and Import
Tax
1. Direct export of product A to Europe with the total value of shipment under the CIF price
is $ 300,000. The export tax rate is 10%.
2. Entrusted to export (nhận ủy thác xuất khẩu) product B for XYZ company/ to act as an
entrusted export agent/ providing entrusted export services, total value of shipment with
FOB price is 1,000,000,000 VND. The export tax rate is 8%.
3. Import directly of 50 tons of raw materials from a company in Thailand, FOB price is 50
million VND / ton raw. The import tax rate is 15%.
4. Imported 20,000 products C under the mandate of M & N Company at CIF price of
100,000 VND /product. The import tax rate is 30%.
5. Sold directly to T & T Company for export with a total value of 500 million VND. The
export tax rate is 10%.
With the conditions below:
The cost of international transportation and insurance in all cases is $ 10,000 per shipment.
The exchange rate between VND and USD was announced by the State Bank of Vietnam
During the time the above transactions did not change
(1 USD = 22.000 VND).
Bài làm
1. Export tax payable = (300,000 – 10,000) x 10% x 22,000 = 638,000,000 VND
2. Export tax payable = 1,000,000,000 x 8% = 80,000,000 VND
3. Import tax payable = (50 x 50,000,000 + 10,000 x 22,000) x 15% = 408,000,000 VND
4. Import tax payable = 20,000 x 100,000 x 30% = 600,000,000 VND
5. No export tax payable
Conclusion:
Import tax = 408,000,000 + 600,000,000 = 1,008,000,000 VND
Export tax = 638,000,000 + 80,000,000 = 718,000,000 VND
Exercise 3: An ABC Company has some activities as follows. Calculate Export Tax and
Import Tax, there are the transactions below: (Bài này tuần sau sửa do chưa học lý thuyết để
làm một số câu)
1. On the 5th, exported 15,000 products A. CIF price 550,000 VND /product. International
transportation and insurance is 50,000 VND / product.
2. On the 6th imported 30,000 kg of materials for processing export goods signed under the
contract. Price FOB 100,000 VND / kg. (I + F) is 8,000 VND / kg.
3. On the 7th imported 10,000 products B. Price FOB is 220,000 VND / product. (I + F) is
30,000 VND / product. Through inspections, half of products B were completely damaged by
natural disasters.
4. On the 19th export 20,000 products C. FOB price is VND 680,000 per product. International
transportation and insurance is 60,000 VND / product.
5. On the 20th, entrusted export (ủy thác xuất khẩu) 9,000 products A. CIF price 490,000
VND / product. The international freight and insurance costs are 40,000 VND / product.
6. On the 21st, export 10,000 products D. CIF prices 400,000 VND / product. (I + F) is VND
30,000/product. This item has a document of payment of import tax of raw materials is 200
million.
7. On the 25th, import 50,000 products E. CIF price VND 150,000/product. (I + F) is 20,000
VND / product. When inspecting the shipment, the customs office shall determine missing
4,000 products E compared to the declared documents.
8. Sold to TD Company to export 10,000 products E, selling price is VND 250,000/product.
Import tax rate for raw material and product B is 15%, product E is 25%.
The export tax rate of product A is 6%, C is 3% and D is 8%.
Bài làm
1. Export tax payable = 15,000 x (550,000 – 50,000) x 6% = 450,000,000 VND
2. No tax payable
3. Import tax payable = ½ x 10,000 x (220,000 + 30,000) x 15% = 187,500,000 VND
4. Export tax payable = 20,000 x 680,000 x 3% = 408,000,000 VND
5. Export tax payable = 9,000 x (490,000 – 40,000) x 6% = 243,000,000 VND
6. Export tax payable = 10,000 x (400,000 – 30,000) x 8% = 296,000,000 VND
Import tax refund = 200,000,000 VND
7. Import tax payable = (50,000 – 4,000) x 150,000 x 25% = 1,725,000,000 VND
8. No export tax payable
Conclusion:
Import tax payable = 187,500,000 + 1,725,000,000 = 1,912,500,000 VND
Export tax payable = 450,000,000 + 408,000,000 + 243,000,000 + 296,000,000 =
1,397,000,000 VND
Import tax refund = 200,000,000 VND
Bài làm
Chi phí chuyên chở của lô hàng A = 6,000 x 15,000 / (15,000 + 10,000 x 4 + 1,500 x 90) = 474 USD
Chi phí chuyên chở của lô hàng B = 6,000 x 10,000 x 4 / (15,000 + 10,000 x 4 + 1,500 x 90) = 1,263
USD
Chi phí chuyên chở của lô hàng C = 6,000 x 1,500 x 90 / (15,000 + 10,000 x 4 + 1,500 x 90) = 4,263
USD
CIF = FOB + 2% CIF + F => FOB = 98%CIF - F
Thuế xuất khẩu phải nộp của lô hàng A = (15,000 x 98% - 474) x 23,200 x 10% = 33,004,320 VND
Thuế xuất khẩu phải nộp của lô hàng B = (10,000 x 4 x 98.5% - 1,263) x 23,200 x 15% = 132,716,760
VND
Thuế xuất khẩu phải nộp của lô hàng C = (1,500 x 90 x 99% - 4,263) x 23,200 x 20% = 600,355,680
VND
Tổng thuế xuất khẩu phải nộp = 33,004,320 + 132,716,760 + 600,355,680 = 766,076,760 VND
