A resident enterprise in China had the following incomes in 2016:(1) RMB 500,000 obtained from the fiscal appropriation;(2) dividend derived from equity investment of RMB 150,000 between resident enterprises;(3) Income of RMB 200,000 derived from immovable property transfer;(4) Interest of RMB 30,000 derived from national bond.Which of the above statement(s) is non-taxable income according to the rules of EIT?

1 .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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2 .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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3 .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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4 .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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5 .Wang, a new accountant of an enterprise, summarised determination methods of income sources as follows:(1) Place of income from chattels transfer shall be determined in terms of the location where the enterprise/organisation/place transfers the chattels;(2) Place of income from service providing shall be determined in terms of the location where the service provided;(3) Place of income from the transfer of equity investment assets shall be determined in terms of the location where the enterprise accepts the equity investment;(4) Place of income from interest, rental and royalty fee shall be determined according to the location where the enterprise, organisation or place bears or pays such income.Which of the following statement(s) above is correct on the meaning of income sources?

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

题型: 单选题 提问时间: 2021-08-24

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

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

题型: 单选题 提问时间: 2021-08-24

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8 .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) Bonuses obtained from resident enterprises by non-resident enterprises with establishments in China, the bonuses have the actual connection with the establishments;(4) Investment income from a less-than 12 months continuous holding with the stocks of listed 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: 2021-08-24

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9 .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 be recognised on the date of the profit distribution;(2) The interest income shall be recognised according to the date stipulated in the contract on which the debtors shall pay interests;(3) The income from franchise royalties shall be recognised according to the date stipulated in 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 on when 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: 2021-08-24

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10 .An enterprise, a China tax resident, handled the following incomes with methods:(1) Product buy-back transaction, the enterprise did not recognise income when sold goods, payments received should be recognised as liabilities;(2) Selling goods by buying one get one free method, income for each good should be recognised by apportioning the sales revenue according to the percentage accounted for by fair value of each good;(3) Goods are sold by trade-in. Income should be recognised depending on sale price. The reclaimed goods should be treated as purchased goods;(4) Goods are sold with trade discount. The income should be recognised after deducting the 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: 2021-08-24

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