A cosmetic enterprise in China had the following transactions in December 2016:(1) There was welfare to the employees which was granted with the cosmetics and mobilephone purchased in December;(2) The cost of the cosmetics was RMB 100,000 and the market value was RMB 200,000 inthe same period;(3) Purchase price of mobile phone was RMB 50,000.Calculate the deemed sales income by the above welfare granted according to the relatedrules of EIT.

1 .Which of the following persons are China tax residents?(1) A person with China domicile working in the United States for the whole year of 2017.(2) A foreigner who travelled to China to work for 185 days in 2017(3) A foreigner who travelled to China to study for 340 days in 2017.(4) A foreigner who stayed in China for sight- seeing for 91 days in 2017

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

题型: 单选题 提问时间: 2021-08-25

查看答案

---

2 .Company T registered in China, had the following businesses in 2016:(1) RMB 1,000 of three-year government bond was bought in the beginning of the year;(2) The proceeds of RMB 1,050 gained from the government bond transfer after 300-dayholding;(3) The interests of the government bond would be paid back with the principal when beingexpired; the annual interest rate is 4.3%.How to pay EIT when Company T obtained the interests and proceeds from government bondtransfer in 2016?

A Interests of government bond were tax exempt, proceeds from government bond transferwere taxed at the income of RMB 50. B Interests and proceeds from government bond transfer were both tax exempt. C Interests of government bond were taxed at income of RMB 35; proceeds fromgovernment bond transfer ...

题型: 单选题 提问时间: 2021-08-25

查看答案

---

3 .Enterprises in China had incomes as follows:(1) Incomes derived from donation received by non-profit making organisations;(2) Incomes derived from business operations by non-profit making organisations;(3) Dividend obtained from resident enterprises by non-resident enterprises withestablishments in China, the dividend have the effective connection with theestablishments;(4) Investment income from a less-than 12 months continuous holding with the stocks of alisted company obtained by non-resident enterprise with establishments in China.Which of above income(s) is exempt from EIT?

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

题型: 单选题 提问时间: 2021-08-25

查看答案

---

4 .Company A, a China tax resident, the date on recognising its part of incomes was as follows:(1) Income received from equity investment, such as dividends and bonuses, shall berecognised on the date of the profit distribution;(2) The interest income shall be recognised according to the date stipulated in the contracton which the debtors shall pay interests;(3) The income from franchise royalties shall be recognised according to the date stipulatedin the contract on which the franchisee shall pay the franchise royalties;(4) The recognition of incomes from donations shall be recognised according to the date onwhen the donated asset is actually received.Which of the above option(s) about income recognition is correct?

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

题型: 单选题 提问时间: 2021-08-25

查看答案

---

5 .An enterprise, a China tax resident, handled the following incomes with methods:(1) Product buy-back transaction, the enterprise does not recognise income when goods aresold, payments received should be recognised as liabilities;(2) Selling goods by "buy one get one free" method, income for each good should berecognised by apportioning the sales revenue according to the percentage accounted forby fair value of each good;(3) Goods are sold by trade-in. Income should be recognised depending on sale price. Thereclaimed goods should be treated as purchased goods;(4) Goods are sold with trade discount. The income should be recognised after deductingthe amount of trade discount.Which of the above statement(s) is correct?

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

题型: 单选题 提问时间: 2021-08-25

查看答案

---

7 .Company A is a production company. The company's transactions for December 2017 are as follows:(1) Borrowed the RMB 1 million from a bank by mortgaging its own factory building, which is still in the mortgage period;(2) When corporate A restructures and reorganizes, it used an own office building to invest into a new production company;(3) Company A contributed land and a commercial company contributed fund, jointly building an office building for selfuse, which was used by them separately after completion;(4) Exchanged its idle office building with the factory building of Company Y.Which of above statement(s) is subject to land appreciation tax?

A 1 only B 4 only C 3 and 4 only D 1, 3, and 4 only

题型: 单选题 提问时间: 2021-08-25

查看答案

---

8 .Which of the donation acts are subject to land appreciation tax?

A Mr. Zhang donates real estate to his mother. B Ms. Li donates real estate to a child who has been directly supported by Ms. Li. C Mr. Liu donates real estate to a Hope Project foundation through a government agency. D Ms. Ding real estate property to her friend who has helped her in past years.

题型: 单选题 提问时间: 2021-08-25

查看答案

---

9 .Company A provides land and Company B provides construction labour, jointly develop real estate. After completion, Company A and Company B had half of the property right respectively. Company A transfers the half of housing property it has obtained, and CompanyB uses the half of housing property for its own purpose after acquiring it.(1) Land appreciation tax shall be collected when Company A's provision of land;(2) Land appreciation tax is temporarily exempted for Company B's using the jointly-built house for its own purpose;(3) Land appreciation tax shall be collected for Company A's transfer of built-up housing property as per the transfer added-value;(4) LAT should be accounted on distributing properties after construction.Which of the above statement(s) about tax treatment is correct?

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

题型: 单选题 提问时间: 2021-08-25

查看答案

---

10 .Company A is a property developer. The company had the following transactions in May 2016.(1) A land use right was transferred to Company A in March 2016. Company A paid a price of RMB 30,000,000 and deed tax and other costs to get the land of RMB 1,500,000.(2) A top-grade office building was developed on this land, with a development cost of RMB 16,000,000, including an interest payment of RMB 1,000,000, which can be evidenced by a certificate of financial institution and can be apportioned among projects.In that year, the office building was completed and sold completely. VAT was calculated at simplified method and amounted to RMB 5,000,000.Calculate the total deductible development expenses including interest.

A RMB 3,852,000 B RMB 3,325,000 C RMB 3,423,200 D RMB 3,380,500

题型: 单选题 提问时间: 2021-08-25

查看答案

---