A company is a small-scale VAT taxpayer. In July 2020 they transferred a used warehouse and obtain revenue of RMB 3,000,000 including tax. The warehouse for the enterprise was self-built in 2013, accounted for the cost of RMB 2,400,000.Calculate the VAT payable by the company in July 2020.

1 .A resident enterprise in China had the following incomes in 2019:(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 government bond.Which of the above statement(s) is non-taxable income according to the rules of EIT?

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

题型: 单选题 提问时间: 2021-08-25

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2 .A railway transport enterprise has been approved to become a pilot taxpayer for consolidated filing of the head offices and its branches, which one is incorrect about the declaration of VAT?

A Branch office payment of VAT based on the taxable sales amount and tax payment rate. B Headquarters consolidates the total amount of VAT payable by the head offices and its branches. C The amount of VAT paid by the branch office will be reduced from the total amount of tax payable by headquarters....

题型: 单选题 提问时间: 2021-08-25

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3 .Company T registered in China, had the following businesses in 2019:(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-day holding;(3) The interests of the government 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 government bond transfer in 2019?

A Interests of government bond were tax exempt, proceeds from government bond transfer were 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 from government bond transfe...

题型: 单选题 提问时间: 2021-08-25

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4 .A construction company is a VAT general taxpayer. They had contracted a construction service in the city in July 2020, the construction company charged project price of RMB 5,400,000 excluding tax. The company acquired the labour services, materials, equipment which needed by construction at the price of RMB 2,000,000 excluding tax, and VAT special invoices were obtained.Calculate the VAT payable by the company in July 2020.

A RMB 340,000 B RMB 226,000 C RMB 544,000 D RMB 170,909

题型: 单选题 提问时间: 2021-08-25

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5 .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 with establishments in China, the dividend have the effective connection with the establishments;(4) Investment income from a less-than 12 months continuous holding with the stocks of a 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: 2021-08-25

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7 .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 are sold, payments received should be recognised as liabilities;(2) Selling goods by "buy 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: 2021-08-25

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8 .A company is a VAT general taxpayer which need the simplified method for VAT. In July 2020 they purchase an office building, had VAT special invoices issued, indicating amount of RMB 5,0000,000 excluded tax.Calculate the amounts of the company purchase office buildings which can be credited in input tax by the company in July 2020.

A RMB 5,000,000 B RMB 4,500,000 C RMB 2,000,000 D RMB 0

题型: 单选题 提问时间: 2021-08-25

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9 .A cosmetic enterprise in China had the following transactions in December 2019:(1) There was welfare to the employees which was granted with the cosmetics and mobile phone purchased in December;(2) The cost of the cosmetics was RMB 100,000 and the market value was RMB 200,000 in the 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 related rules 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

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10 .In September 2019, an art gallery (general taxpayer) leased a venue to a commercial enterprise for product promotion, rental income was RMB 1,500,000 including VAT. In this month purchase a batch of office supplies, with VAT special invoice is RMB 500,000 excluding tax.Calculate the VAT payable by the art gallery in September 2019.

A RMB 58,853 B RMB 70,000 C RMB 75,000 D RMB 0

题型: 单选题 提问时间: 2021-08-25

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