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 after the grant date if he wants toexercise 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 appreciationright.

1 .IIT tax payable of privately-owned business and partnership should be calculated on the annual basis and paid on monthly or quarterly basis in advance, the taxpayer should summit the return in ( ) after the end of the month or quarter, and any outstanding tax paymentshould be settled within 3 months after tax year end.

A 7 days B 10 days C 15 days D 20 days

题型: 单选题 提问时间: 2021-08-25

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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) Incidental incomeWhich of the above income(s) should the withholding agent withhold IIT 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: 2021-08-25

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

题型: 单选题 提问时间: 2021-08-25

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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. Andthe arrangement stated he can exercise the rights after 18 July 2016. On 8 August 2016, Mr. Wang exercised his option and bought 50,000 shares. The closing price on 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: 2021-08-25

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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 which implement a share option plan, it is normally not subjected to IIT.(2) It is taxed on "wages and salaries" when employees exercise their option.(3) The employees' participating profit from having shares in the company 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: 2021-08-25

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7 .1. The tax liabilities are different while the resident enterprise and non-resident enterprise aresubject 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 is not subject to Chinasourcedincome;(3) Non-resident enterprise with establishments in China is subject to income tax forworldwide 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: 2021-08-25

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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 honours 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: 2021-08-25

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9 .Company A is a non-resident enterprise without establishments in China, had the followingbusinesses in 2016:(1) Sold goods to an enterprise which located in China, all contracts and negotiations duringthe 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 fromthe foreign investment enterprise in current tax year;(4) Sent an employee to another enterprise located in China to provide technique trainingservice.Which income(s) derived from the above mentioned businesses was China-sourced incomeand 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: 2021-08-25

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10 .Mary is an electronic game player. She got 100 swords when she reached Level 4.She sold 10 swords at RMB 20 each.What is the amount of individual income tax payable by Mary?

A RMB 40 B RMB 0 (not taxable) C RMB 400 D RMB 0 (exempt)

题型: 单选题 提问时间: 2021-08-25

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