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?

1 .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

---

2 .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

---

3 .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.

A RMB 100,000 B RMB 250,000 C RMB 300,000 D RMB 350,000

题型: 单选题 提问时间: 2021-08-25

查看答案

---

4 .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

---

5 .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

---

7 .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

---

8 .A property developer sold its newly-built commodity house as a whole. The payment of land use right and development cost related to thecommodity house amounted to RMB 100,000,000.This company failed to calculate and apportion bank loan interest among the property project.According to the relevant regulation stipulated by local provincial government, the maximum percentage of development expense allowed by relevant national regulations shall be used when land appreciation tax is calculated and collected.Calculate the total amount of deductable "development expense" and "other deduction items" when the land appreciation tax payable of this commodity house project is calculated and confirmed (Ignore other taxes).

A RMB 15,000,000 B RMB 20,000,000 C RMB 25,000,000 D RMB 30,000,000

题型: 单选题 提问时间: 2021-08-25

查看答案

---

9 .Company P is a real estate company within China. The company sold a used office in August 2016. The selling contract was signed with RMB 2,000,000 (VAT included). This office was self-built in January 2008 and land acquisition cost was RMB 800,000, the current assessmentvalue is RMB 400,000.VAT on the sale of the office adopts simplified method, city maintenance and construction tax and education levy of 12% on the VAT and stamp duty of 0.05%.Calculate the deductible items amount when land appreciation tax paid by Company P on selling this used office.

A RMB 1,105,000 B RMB 1,210,524 C RMB 1,150,000 D RMB 1,181,200

题型: 单选题 提问时间: 2021-08-25

查看答案

---

10 .A commercial company sold a used office building in December 2016, the revenue (tax included) was RMB 10,000,000 and stamp duty was RMB 5,000. As the assessment value was not available, the purchase invoice can be provided. This office building was purchased in August 2012, the purchase price set out on the invoice is RMB 6,000,000 and the amount specified on deed tax payment certificate is RMB 180,000, which has been confirmed by the tax authority. It shall be used simplified method, city maintenance and construction tax andeducation levy of 10% on the VAT.Calculate deductible items amount when land appreciation tax paid by selling this used officebuilding.

A RMB 6,396,532 B RMB 6,401,150 C RMB 7,404,048 D RMB 7,637,250

题型: 单选题 提问时间: 2021-08-25

查看答案

---