On 1 February 2014, Mr. Sun, a Chinese citizen was granted 50,000 restricted shares from his employer (a listed company), and the purchase price of restricted shares is RMB 50,000 when the closing market price was RMB 4 per share. At the agreement time, 1 February 2016, it released 10,000 shares and closing market price was RMB 7.5 per share.Calculate the individual income tax payable when Mr. Sun implemented the restricted shares plan.

1 .Sim is a foreigner worked in China, he had the following incomes in 2016:(1) Accommodation subsidies of RMB 3,000 obtained on the accrual basis;(2) Meal subsidies of RMB 2,800 obtained by non-cash payment;(3) Home-visiting subsidies was RMB 5,000;(4) Language training subsidies was RMB 3,600.Which of above income(s) obtained by Sim is exempt from IIT?

A (1) only B (2), (3) only C (1), (4) only D All of the above

题型: 单选题 提问时间: 2021-08-24

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2 .An individual has the following incomes:(1) Wages and salaries(2) Trading profit of privately-owned business(3) Interest, dividend, bonus(4) Contingent incomeWhich of the above income(s) should be withheld tax payable by the agent according to the related rules of IIT?

A (1) only B (2), (3) only C (1), (3), (4) only D All of the above

题型: 单选题 提问时间: 2021-08-24

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3 .Which one of the following options is Correct according to the rules of self-assessment and tax payment of IIT?

A Remuneration from individual labour services is taxed monthly. B Income from manuscript is taxed according to each time. C The taxpayer who has an annual income over RMB 120,000 shall summit tax return to the competent tax authority in 4 months at the end of tax year. D The taxpayer earned wages f...

题型: 单选题 提问时间: 2021-08-24

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4 .Mr. Wang worked in a listed company which implements a share option incentive scheme in 2016. On 18 January 2016, Mr. Wang was granted 50,000 share options from the company, strike price of share option is RMB 2/share, the share option has no open market price. And the arrangement stated he can exercise the rights on 18 July 2016. On 8 August 2016, Mr. Wang bought 50,000 shares with the exercise of the share options, and the closing price that day is RMB 5/share.Calculate the IIT payable by Mr. Wang about income from exercising share option incentive scheme.

A RMB 0 B RMB 30,465 C RMB 32,475 D RMB 37,965

题型: 单选题 提问时间: 2021-08-24

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5 .Which of the following statement(s) about the share option subject to individual income tax is correct?(1) When employees accepting the share option granted by enterprises who implement a share option plan, it is normally not subjected to IIT.(2) It taxed on "wages and salaries" when employees exercising their option.(3) The employees' participated profit which caused by having share option from after tax income should be taxed under "dividend".(4) After exercising the share option, when the transfer price is higher than the market price on exercised date, the difference should be taxed under "dividend".

A (3) only B (4) only C (1) and (4) only D (1), (2) and (3) only

题型: 单选题 提问时间: 2021-08-24

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7 .A Chinese citizen, Mr. Zhang is one of core employees of a listed company. On 1 April 2015, he was granted 10,000 stock appreciation rights. According to the stock appreciation rights agreement, he has to work for this company for one year since the grant date if he wants to exercise this right. The closing price on 1 April 2015 was RMB 6.8 per share. Mr. Zhang exercised his stock appreciation rights on 1 June 2016, when the closing price was RMB 8.9 per share.Calculate the individual income tax payable when Mr. Zhang exercised his stock appreciation right.

A RMB 6,940 B RMB 11,140 C RMB 840 D RMB 690

题型: 单选题 提问时间: 2021-08-24

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8 .Which of the following statement(s) about stock incentives is correct?(1) There are three main types of stock incentives: stock option, stock appreciation right, restricted shares.(2) When accepting stock options from employer, it will not be taxed as taxable income.(3) When company fulfils stock appreciation right for employees, taxable income of "wages and salaries" will be recognised.(4) When accepting restricted shares from employers, it will be taxed under "wages and salaries".

A (1) and (3) only B (1), (2) and (3) only C (2) and (4) only D (1), (3) and (4) only

题型: 单选题 提问时间: 2021-08-24

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9 .The tax liabilities are different while the resident enterprise and non-resident enterprise are subject to enterprise income tax:(1) Resident enterprise is only subject to income tax for China-sourced income;(2) Non-resident enterprise which has no establishments in China does is not subject to China-sourced income;(3) Non-resident enterprise with establishments in China is subject to income tax for worldwide income;(4) Resident enterprise is subject to income tax for its worldwide income.Which of the above statement(s) is correct?

A (1) and (4) only B (1) only C (3) and (4) only D (4) only

题型: 单选题 提问时间: 2021-08-24

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10 .Company A is a non-resident enterprise without establishments in China, had the following businesses in 2016:(1) Sold goods to an enterprise which located in China, all contracts and negotiations during the course of transactions were handled in China;(2) Transferred a immovable property located in Japan to an enterprise which in China;(3) Invested in a foreign investment enterprise located in China, and obtained dividend from the foreign investment enterprise in current tax year;(4) Sent an employee to another enterprise located in China to provide technique training service.Which income(s) derived from the above mentioned businesses was China-sourced income and should be subject to EIT?

A (1) only B (2) and (3) only C (1), (3) and (4) only D All of the above

题型: 单选题 提问时间: 2021-08-24

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