Part 1:

1. Goods subject to VAT which are sold into export processing zones won’t be subject to VAT anymore.
True : Goods subject to VAT which are sold into export processing zones are considered as exports,
which means that the VAT rate is 0%.
2. Tax holiday is a kind of tax incentive. (True) With a tax holiday, new firms are allowed a period
when they are exempt from the burden of income taxation. Sometimes, this grace period is
extended to a subsequent period of taxation at a reduced rate.
3. Average tax rate is the amount of tax paid on an additional dollar of income. (False) The amount of
tax paid on an additional dollar of income is used to calculate marginal tax rate. Average tax rate
measures tax burden
4. Tax expenditure is the expenses that governments spend to collect taxes. (False) Tax expenditure is
the loss of revenue resulting from special exemption, deductions, credits or exclusion in the tax code
5. Tax credit is the amount of tax that the taxpayers owe the government. (False) Tax credit is a method
used to directly reduce the amount of taxes to be paid
6. Imported goods subject to excise tax are only taxed once at the stage of importation. True

1.Regressive taxation is a pattern of taxation across households in which the poor pay a lower
percentage of income in tax than the rich. False. Progressive taxation is … Regressive tax rate
is reduced when taxable amount is increased, meaning the poor pay more % of tax than the
rich
2. Credit activities are not subject to VAT. True, VAT applies to the sale of goods and services,
credit transactions do not involve the sale of goods or services.
3. Cosmetics and perfume are subject to excise tax. False
4. Goods exported from processing zones to foreign countries are subject to export tax. False, In
processing zones, goods produced and processed are exempt from certain taxes and tariffs,
including export taxes.
5. Input excise tax is fully deductible. False, excise taxes do not fall into the category of fully
deductible expenses. They are considered indirect taxes, become part of the COGS
6. Goods subject to environmental protection tax when exported have a tax rate of 0%. True,
encourage export, avoid double taxation

1. Goods subject to ET which sold into export processing will be deducted from input ET. True
2. Tax avoidance is a legal activity. True
3. Marginal tax rate is the amount of tax paid on an additional dollar of income. True
4. Goods imported from abroad into export processing zones are subject to import tax. False, not
taxed bc encouraging investment, boost export since not tax import price -> material
cheaper-> production cheaper
5. Goods sold into non-tariff zones will be not subject to VAT. False
6. Environmental protection tax in Vietnam has an absolute tax rate because it makes the tax
collection easier. True

Part 2:

1. What are the features of taxes and the purposes of taxation?

Features of tax:
 A compulsory contribution to government’s revenue, levied on worker’s income and business
profit or added to the cost of some goods, services and transaction.
 Everyone is responsible for paying taxes. The richer must pay larger amount of tax.
  Taxes are usually paid in cash.
 It is proportionate in character, usually based on the ability to pay.
 It is commonly required to be paid at regular intervals.
 It is levied pursuant to legislative authority, the power to tax can only be excercised by the law-
making office or congress.
Purposes of taxation:
 To provide funds or property with the government (cung cấp vốn cho chính phủ để thực hiện
chức năng) discharges its appropriate function to the protection and general welfare of its
citizens. It the main source of government’s revenue
 To redistribute income or redistribute wealth (Phân phối lại của cải). To reduce inequalities in the
distribution of wealth
 To correct the adverse balance of payment (Điều chỉnh cán cân thanh toán, cân bằng xuất nhập
khẩu): taxes are used to correct the adverse balance of payment. Importation of foreign goods can
be reduced through the use of high import durties.
 To protect infant: Government can help to protect new industries from competition through tax
incentives to protect local industries against foreign competition by increasing local import taxes.
 To protect economic growth (Thúc đẩy tăng trưởng kinh tế): Government can reduce taxes on
company profits so that these profits are diverted back into the business for expansion.
 Employment purpose: Government can also manipulate taxation to achieve desired employment
level. Also, the money paid by the taxpayers can be used to create more jobs for the unemployed
 To control inflation (Công cụ chống lạm phát): Taxeas can be used as anti-inflationary devices;
this can be possible if the government increases direct tax without increasing the expenditure.

2. Analyse the structure of taxation?

The structure of taxation varies in each country, but nearly shares some common elements, inlcuding
personal income tax, sales tax and corporate incone tax.
 Personal income tax is an indirect tax levied on the income of a person. Income tax is a key
source of funds that the government uses to fund its activities and serve the public. Moreover, this
tax is the most important means of raising revenue in developed countries.
 Sales tax is a tax that is paid by customers to vendors at the point of sale. It is levied on the
consumption of goods and services, usually charged as a percentage of the retail cost at the point
of purchase.
 Corporation tax is a tax imposed on the net income of the company which is the gross income
after it has been accounted for deductions and credits.

2.1. What is taxation? What are the pros and cons of indirect taxes?
a) Answer 1
 Taxation is a sum of money demanded by a government for its support or for specific facilities,
levied upon incomes, property, sales etc
 Taxation is a compulsory contribution to government’s revenue, levied on worker’s income and
business profit or added to the cost of some goods, services and transaction.
 Taxation is defined as the means through which government finances its expenditure by imposing
financial charge or other levy on citizens and corporate entities (*)
 Taxation is the act of imposing a compulsory levy by the government or its agency on individuals
and firms in other to raise money required to finance public projects.
 Taxation is the inherent power of the state, acting through legislature, to impose and collect
revenues to support the government and its recognized objects.
b) Answer 2
Indirect taxes
Advantages Disadvantages
- Regressive: Indirect taxes are not equitable.
For instance, VAT fell more heavily on the poor
- Broad-based: Indirect taxes can be spread over
than on the rich, as it had to be paid at the same
a wide range. The taxable objects are broad. As
rate by all. Whether a rich man buys a
indirect taxes can be spread widely, they are
commodity or a poor man, the price in the
more beneficial and suitable
market is the same for all. The tax is wrapped in
the price. Hence, rich and poor pay the same
amount, which is obviously unfair.

- Uncertainty: Unless indirect taxes are imposed

on necessaries, we cannot be sure of the revenue
- Easy collection: Collection takes place
yield. In the case of goods, with an elastic
automatically when goods are bought and sold.
demand, the tax might not bring in much
A dealer collects the tax when he charges a
revenue. The tax will raise the price and contract
price. He is an tax collector
the demand. When the thing is not purchased,
the question of the tax payment does not arise

- Uneconomicial: The cost of collection is quite

- Non-evidable: They cannot be evaded because heavy. Every source o production has to be
they are a part of the price. They can be evaded guarded. Large administrative staff is required
only when the taxed object is not consumed to administer such taxes. This turns out to be a
costly affair

- Convinient: Taxes are very low. Consumers do

- No civic consciousness: These taxes do not
not feel burdened when paying a small amount
develop civic consciousness, because many
of money. They are hidden in the price and the
times the taxpayer does not even know that he is
consumers only see the prices and do not feel
paying tax. The tax is concealed in the price
the burden of paying the tax.

- Control the consumption and production: By

being imposed on harmful products, they can - Harmful to industries: They discourage
check consumption of harmful commodities. industries if raw materials are taxed.

3. What is the differences between direct tax and indirect tax? Which one is used more in Vietnam
3.1.

Norm Direct tax Indirect tax

 Taxable object Taxable object simultaneously is Taxable object simultaneously is
the taxpayer, access directly on the consumer
individuals and companies
Degree of influence Less influence on the market price as Directly affect to the market price due
it directly subjects to the business to costs of goods and services
result and depends on business result
of companies
Degree of management Hard to reclaim as it relies on Simple to reclaim as it is constituded of
business results. However, business selling prices of goods and services,
results of organizations, individuals making it complex to identify
are complex to manage because a lot
of companies try to evade taxation
and pay on cash
Mode of regulation Regulate direcly on incomes of Regulate indirectly through selling
taxable objects prices of goods and services
Pros Restrain inflation, reduce inequality Simple for tax authorities to collect
and guarantee fairness between taxes and prevent tax evasion
taxable objects
Cons Direct taxes can be complex and Complex to guarantee the fairness
burdensome to administer and they between taxable objects as whether
are often more susceptible to tax taxpayers have low or high salaries,
evasion than indirect taxes they still have to pay the same
proportion of indirect taxes
Example - Personal income tax - Excise tax
- Corporation tax - VAT
- Land transfer tax - Import export tax
- Environmental Protection tax

3.2. Vietnam's tax revenue system predominantly relies on indirect taxes over direct taxes. In 2023,
indirect taxes, including Value-Added Tax (VAT), excise taxes, and import-export duties, constituted a
significant portion of more than 50% in the government’s revenue. Vietnam's tax-to-GDP ratio was
reported at 11.6% in 2023, showing a reliance on a stable source of income through indirect taxation
which is harder to evade and provides consistent revenue streams

4. What is the difference between tax, legal fee and fee?

Norm Tax Legal fee and fee
Definitio Tax is a compulsory state budget payment Legal
n by organizations, Fee is a fixed amount of money that organizations and individ
households, business households and indiv uals must pay when they are provided public services by state
iduals in accordance with the provisions of agencies in
tax laws service of state management as specified in the List of fees
promulgated together with the Law on Fees and Charges
 2015.
Fee is
an amount of money that organizations and individuals must
pay to basically offset costs and serve when assigned by state
agencies,
public non-business units and organizations
assigned by competent state agencies to provide public servic
es
specified in the List of fees
promulgated together with the Law on Fees and Charges
2015.

Adjustm Taxes are In addition to the General Governance Law on Fees and Lega
ent governed mainly by documents with high l l fees 2015, fees and charges are governed by sub-
text egal validity, which are law documents such as resolutions, decrees,
laws. Although guided by decrees circulars and legal documents of local governments.
and circulars, the document with the highe
st legal value (the original
text) is the law.
Position, Taxes are the main source of revenue of Fees and legal fees are other revenues
role the state budget and it is also the belonging to the state budget (secondary revenues). Mainly to
main financial source to ensure offset
the operation of state officials costs when the State, public non-business units or other organ
izations provide public services or
perform state management work.
Scope of applicable nationwide, applicable to all tax Some fees and charges
applicati able objects, regardless are applied according to the territorial scope. The levy is set b
on of y the
territorial administrative units. Provincial People's Council. municipalities directlyunder the
central
government decide
reimburs When paying Fees and legal fees are
ement taxes, they do not refund directly to the pa refundable directly to organizations and individuals through p
(taxpaye yer, but the refund is expressed ublic
r benefits indirectly through the State's activities suc service results.
, fees, h as infrastructure construction, social welf
charges) are,...

5. Comparing VAT with other indirect taxes

5.1. What is the differences between VAT and special sale tax?
Norm Special sale tax VAT
Definition Special consumption tax is a tax levied on t Value added tax is a tax calculated on the added valu
he act of e of goods and services
consuming certain types of goods and servic arising in the process from production, circulation to
es subject to excise tax. consumption.
Purpose regulate consumers' incomes, contribute to promote production development, expand circulation
increasing revenues for the State and distribution of
Budget, goods.
strengthen production and
 business management for many taxable goo
ds and
services.
Features – Only taxed once at the stage of production – A tax collected in many stages
, import or business of services. Depends on the additional cost factor in addition to t
he selling price of the supplier
Scope of application Applicable to some types of goods and servi The scope of application is wide,
ces that are luxurious, affect health or disco arising in the process of production, circulation, cons
urage use. For example, wine, beer, tobacco umption.
,...
Taxable object Organizations and individuals Organizations and individuals
producing or importing goods or trading in s producing and trading goods and/or services subject t
ervices o VAT (hereinafter referred to as business establishm
are subject to special consumption tax. ents) and organizations and individuals
importing goods subject to value-added tax (hereinaft
er referred to as importers).
Tax bases Includes Includes
2 bases: Tax calculation price and tax rate 2 bases: Tax calculation price and tax rate – Taxable
– Taxable price is the selling price, the price price is the selling price of goods and services withou
of providing t VAT. – Tax rate:
services without SCT and without VAT, incl depends on each certain category of goods.
uding additional revenues, collected (if any)
that the business establishment is entitled to.
– Tax rate:
based on certain types of goods and types of
business.

6. What are the differences between special sale tax and environment protection tax?

Aspect Special Sale Tax Environment Protection Tax

To generate revenue from the sale of To mitigate environmental damage by taxing
Purpose specific goods and services pollutants and environmentally harmful products
Products and activities that harm the
Luxury items, tobacco, alcohol, fuel, environment, such as fossil fuels, plastic, and
Targeted Goods/Services and other non-essential items emissions
Typically a percentage of the sale Often a fixed amount per unit or a percentage
Tax Rate Basis price or a fixed amount per unit based on the environmental impact
General government revenue or
specific public projects (e.g., Environmental conservation, pollution control,
Revenue Usage infrastructure) and sustainable development projects
Can reduce consumption of luxury or Encourages reduction in pollution, promotes use
Economic Impact harmful goods; revenue generation of eco-friendly alternatives
Cigarettes, alcoholic beverages, luxury Carbon emissions, single-use plastics, industrial
Examples of Taxed Items cars, gasoline waste
Defined by national or regional tax Often part of broader environmental legislation
Legal Framework laws and regulations and policies
 Aspect Special Sale Tax Environment Protection Tax
Managed by tax authorities; requires
Compliance and tracking of sales and compliance by Managed by environmental agencies; involves
Enforcement businesses monitoring emissions and environmental impact

10. Tax evasion:

What Is Tax Evasion?

Tax evasion is an illegal activity in which a person or entity deliberately
avoids paying a true tax liability. Those caught evading taxes are generally
subject to criminal charges and substantial penalties. To willfully fail to pay
taxes is a federal offense under the Internal Revenue Service (IRS) tax code.

Understanding Tax Evasion

Tax evasion applies to both the illegal nonpayment as well as the illegal
underpayment of taxes. Even if a taxpayer fails to submit appropriate tax
forms, the IRS can still determine if taxes were owed based on the
information required to be sent in by third parties, such as W-2 information
from a person’s employer or 1099s. Generally, someone is not considered to
be guilty of tax evasion unless the failure to pay is deemed intentional.

What Are Examples of Tax Evasion?

There are numerous ways that individuals or businesses can evade paying taxes they owe. Here
are a few examples:

 Underreporting income
 Claiming credits you're not legally entitled to
 Concealing financial or personal assets
 Claiming residency in another state
 Using cash extensively
 Claiming more dependents than you have
 Maintaining a double set of books for your business

Differences Between Tax Evasion and Tax Avoidance

While both tax evasion and tax avoidance involve efforts to minimize tax payments, they stand on opposite
sides of the legal spectrum. Here are key distinctions:
  Legality: Tax evasion is illegal and involves deliberate misrepresentation to deceive tax authorities,
while tax avoidance operates within the legal frameworks, using permissible methods to reduce tax
liability.
 Transparency: Tax avoidance is typically transparent and involves the use of legitimate tax reliefs and
allowances. In contrast, tax evasion is opaque, involving dishonest tactics like underreporting income
or falsifying records.
 Penalties: Tax evasion can lead to severe penalties, including prison sentences and hefty fines, given its
illegal nature. Conversely, tax avoidance doesn't attract penalties, though authorities may challenge
overly aggressive avoidance schemes.
 Ethics: Tax avoidance is often seen as smart financial planning, though it can raise ethical questions if
it's overly aggressive. Tax evasion, however, is universally condemned as it constitutes fraud.
 Impact on Public Finance: While tax avoidance is legal, excessive use by high earners or corporations
can strain public finances, similar to tax evasion, by reducing the tax base needed to fund public
services.

11. Transfer pricing

What Is Transfer Pricing?

Transfer pricing is an accounting practice that represents the price that one division in a
company charges another division for goods and services provided.

Transfer pricing allows for the establishment of prices for the goods and services exchanged
between subsidiaries, affiliates, or commonly controlled companies that are part of the same
larger enterprise. Transfer pricing can lead to tax savings for corporations, though tax
authorities may contest their claims.

How Transfer Pricing Works

Transfer pricing is an accounting and taxation practice that allows for pricing transactions
internally within businesses and between subsidiaries that operate under common control or
ownership. The transfer pricing practice extends to cross-border transactions as well as
domestic ones.

A transfer price is used to determine the cost to charge another division, subsidiary, or holding
company for services rendered. Typically, transfer prices are reflective of the going market
price for that good or service. Transfer pricing can also be applied to intellectual property such
as research, patents, and royalties.

Multinational corporations (MNCs) are legally allowed to use the transfer pricing method to
allocate earnings among their subsidiary and affiliate companies that are part of the parent
organization. However, companies sometimes can also use (or misuse) this practice by altering
their taxable income, thus reducing their overall taxes. The transfer pricing mechanism is a way
that companies can shift tax liabilities to low-cost tax jurisdictions.

What Are Commonly Used Methods of Transfer Pricing?

 The Comparable Uncontrolled Price Method is one of the most commonly used transfer pricing
methods.

What Is the Purpose for Transfer Pricing?

Transfer pricing acts to distribute earnings throughout an organization but is primarily used to
skirt tax laws and reduce tax burdens by multinational companies.

What Are the Disadvantages of Transfer Pricing?

One of the key disadvantages is that the seller is at risk of selling for less, netting them less
revenue. The practice also give multinational corporations a tax loophole.

12. Differences between non-taxable

Aspects Non-taxable 0% tax rate

Object According to Article 4 of Circular 219/2013/TT-BTC, According to Article 9 of Circular 219/2013/TT-
subjects not subject to VAT include: BTC, the tax rate of 0%
- Cultivated, livestock, aquatic products, aquatic products applies to exported goods and services; constructi
, on and installation activities abroad and in the non
aquaculture and caught products that have not been proce -tariff zone; international transport; goods and ser
ssed into other products.. vices that are not subject to VAT when exported, e
Materials and goods used for fields such as: Encouraging xcept for the following cases:
agricultural production development; support for domesti - Offshore reinsurance; technology transfer, transf
c production materials that cannot be produced; The servi er of intellectual property rights abroad; capital tra
ce is practical, directly related to people's lives and not b nsfer, credit grant, securities investment abroad..
usiness. See details at: Non-VAT subjects 2019 - Gasoline and oil sold to automobiles of business
es in the non-tariff zone purchased domestically; -
Cars sold to organizations and individuals in the n
on-tariff zone.
Being Are not the taxable objects Still belong to taxable objects
taxed or
not
VAT Enterprises and establishments Enterprises and other business establishments mus
declaration trading goods and/or services t declare VAT because they are still subject to VAT
are not required to declare VAT because they are not subj .
ect to tax.

Tax Business establishments To deduct and refund input VAT of goods and/or s
deductions are not entitled to deduct and refund input VAT of goods ervices used for the production and trading of goo
and refunds and/or services, but must be included in the cost of fixed ds and/or services subject to collection.
assets, value of raw materials or business expenses.
Role Encourage enterprises to develop essential sectors for the To encourage enterprises to export and promote th
people in the country. e consumption of goods and services abroad.
Part 3: (4 points)
The business situation of a trading company in the taxation period is as follows:
Transaction 1: Importing 100 cars at CIF price of 500 million dong / unit. The company has sold all of
the goods at VAT-inclusive price of 1,320 million dong / unit.
Transaction 2: Buying 100 fridges from a local company at the VAT-exclusive price of 10 million dong.
The company has 80 fridges at the VAT-inclusive price of 16.5 million dong/unit
Transaction 3: Importing 18,000 liters of gasoline at CIF price of 9,000 dong/l. The company has sold
14,000 liters of gasoline at VAT-exclusivce price of 26,000 dong /l
Calculate the taxes at each transaction, assuming that:
 the rate of ET for cars is 20% the rate of ET for gasoline is 30%
 the rate of VAT is 10%
 the import tax rate of cars is 10%, the import tax rate of gasoline is 10%
 the rate of EPT is 3,000 dong/l
1. Transaction 1
CIF price = 100 * 500 = 50,000m
 Import tax = 50,000 * 10% = 5,000m
 Input ET = (50,000 + 5,000) * 20% = 11,000m
 Input VAT = (50,000 + 5,000 + 11,000) * 10% = 6,600m
100∗1,320
Output ET = ∗20 %=20,000m
1.1∗1.2
 Payable ET = 20,000 – 11,000 = 9,000m
100∗1,320
Output VAT = ∗10 %=12,000m
1.1
 Payable VAT = 12,000 – 6,600 = 5,400m
2. Transaction 2
Input VAT = 100 * 10 * 10% = 100m
80∗16.5
Output VAT = ∗10 %=120m
1.1
 Payable VAT = 120−100=20 m
3. Transaction 3
CIF price = 18,000 * 9,000 = 162m
  Import tax = 162 * 10% = 16.2 m
 Input ET = (162 + 16.2) * 30% = 53.46m
EPT = 3,000 * 18,000 = 54m
 Input VAT = (162 + 16.2 + 53.46 + 54) * 10% = 28.566m
14,000∗26,000
Output ET = ∗30 %=84 m
1.3
53.46∗14,000
 Payable ET = 84− =42.42m
18,000
Output VAT = 14,000 * 26,000 * 10% = 36.4
 Payable VAT = 36.4−28.566=7.834m

The business situation of a trading company in the taxation period is as follows:

Transaction 1: Buying 100 motorbikes from a local company at the VAT-exclusive price of 12 million
dong/unit. The company has 90 motorbikes at the VAT-inclusive price of 18.7 million dong/unit
Transaction 2: - Buying 500 bottles of wine at the VAT-inclusive prcie of 396,000 dong/unit for
exportation. However, the company has not exported these bottles of wine. Instead, the company sells
domestically 500 bottles of wine at VAT-exclusive prcie of 600,000 dong/unit.
Transaction 3: Importing 22,000 liters of gasoline at CIF price of 7,000 dong/l. The company has sold
20,000 liters of gasoline at VAT-inclusivce price of 27,170 dong /l.
Calculate the taxes at each transaction, assuming that:
 The rate of ET for wine is 20% the rate of ET for gasoline is 30%
 The rate of VAT is 10%
 The import tax rate of gasoline is 10%
 The rate of EPT is 3,000 dong/l;
1. Transaction 1
Input VAT = 100 * 12 * 10% = 120m
90∗18.7
Output VAT = ∗10 %=153m
1.1
 Payable VAT = 153−120=33 m
2. Transaction 2
500∗396,000
Input ET = ∗20 %=30m
1.1∗1.2
500∗396,000
Input VAT = ∗10 %=18m
1.1
 500∗600,000
Output ET = ∗20 %=50m
1.2
 Payable ET = 50 – 30 = 20m
Output VAT = 500 * 600,000 * 10% = 30m
 Payable VAT = 30 – 18 = 12m
3. Transaction 3
CIF price = 22,000 * 7,000 = 154m
 Imprt tax = 154 * 10% = 15.4m
 Input ET = (154 + 15.4) * 30% = 50.82m
EPT = 22,000 * 3,000 = 66m
 Input VAT = (154 + 15.4 + 50.82 + 66) * 10% = 28.622m
20,000∗27,170
Output VAT = ∗10 %=49.4 m
1.1
 Payable VAT = 49.4 – 28.622=20.778m
20,000∗27,170
Output ET = ∗30 %=114 m
1.1∗1.3
50.82∗20,000
 Payable VAT = 114− =67.8m
22,000

An enterprise manufacturing and trading beverages had the following situation:

- Importing 3,000 boxes of beer, the import tax price was 10,000 VND/box. The enterprise sold all of this
beer at a VAT-exclusive price of 36,000 VND/box.
- Importing 200,000 bottles of 18-degree wine at FOB price of 10 USD/bottle, shipping and insurance
fees for the entire shipment of 70,000 USD. Then the enterprise sold to another enterprise in the export
processing zone 150,000 bottles at a price of 400,000 VND/bottle. The remaining amount was sold to a
domestic enterprise at a VAT-exclusive price of 450,000 VND/bottle.
Determine the taxes that the enterprise must pay in each situation?
Known that:

 The import tax rate for canned beer is 35%, alcohol is 40%.
 The special sale tax rate for canned beer is 65%, alcohol under 20 degrees is 35%.
 The VAT rate on the above products is 10%. 1USD = 25,000 VND
1. Transaction 1
CIF price = 3,000 * 10,000 = 30m
 Import tax = 30 * 35% = 10.5m
 Input ET = (30 + 10.5) * 65% = 26.325m
 Input VAT = (30 + 10.5 + 26.325) * 10% = 6.6825m
 3,000∗36,000
Output ET = ∗65 %=42.5 m
1.65
 Payable ET = 42.5 – 26.325 = 16.175m
Output VAT = 3,000 * 36,000 * 10% = 10.8m
 Payable VAT = 10.8 – 6.6825 = 4.1175m
2. Transaction 2
CIF price = 200,000 * 10 + 70,000 = 2,070,000 USD = 51,750m VND
 Import tax = 51,750 * 40% = 20,700m
 Input ET = (51,750 + 20,700) * 35% = 25,357.5m
 Input VAT = (51,570 + 20,700 + 25,357.5) * 10% = 9,762.75m
150,000∗400,000
Output ET (1) = ∗35 %=14,141m
1.35∗1.1
150,000∗400,000
Output VAT (1) = ∗10 %=5,454.5m
1.1
50,000∗450,000
Output ET (2) = ∗35 %=5,833m
1.35
25,357.5∗15
∗5
 Payable ET 20 m
¿ 14,141+5,833− =15,219.5
20
Output VAT (2) = 50,000 * 450,000 * 10% = 2,250m
 Payable VAT = 5,454.5 + 2,250 – 9,762.75 = (2,058.25)m

The business situation of a trading company in the taxation period is as follows:

Transaction 1: Importing 150 cars at CIF price of 450 million dong / unit. The company has sold 100
cars at VAT-exclusive price of 960 million dong / unit.
Transaction 2: - Buying 200 smart phones at the VAT-inclusive prcie of 4.4 million dong/unit. The
company has exported 150 smart pones at the FOB price of 9 million dong/unit.
Transaction 3: Importing 17,000 liters of gasoline at CIF price of 8,000 dong/l. The company has sold
15,000 liters of gasoline at VAT-inclusivce price of 25,740 dong /l.
Calculate the taxes at each transaction, assuming that
 The rate of ET for cars is 20% the rate of ET for gasoline is 30%
 The rate of VAT is 10
 The import tax rate of cars is 10%; the import tax rate of gasoline is 10%
 The rate of EPT is 3,000 dong/l
  Tthe export tax rate is 0%
1. Transaction 1
CIF price = 150 * 450 = 67,500m
 Import tax = 67,500 * 10% = 6,750m
 Input ET = (67,500 + 6,750) * 20% = 14,850m
 Input VAT = (67,500 + 6,750 + 14,850) * 10% = 8,910m
100∗960
Output ET = ∗20 %=16,000m
1.2
14,850∗100
 Payable ET = 16,000 – =6,100m
150
Output VAT = 100 * 960 * 10% = 9,600m
 Payable VAT = 9,600 – 8,910=690 m
2. Transaction 2
200∗4.4
Input VAT = ∗10 %=80m
1.1
FOB price = 150 * 9 = 1,350
Export tax = 0
 Output VAT = 1,350 * 10% = 135
 Payable VAT = 135 – 80 = 55m
3. Transaction 3
CIF price = 17,000 * 8,000 = 136m
 Import tax = 136 * 10% = 13.6m
 Input ET = (136 + 13.6) * 30% = 44.88m
EPT = 17,000 * 3,000 = 51m
 Input VAT = (136 + 13.6 + 44,.88 + 51) * 10% = 24.548m
15,000∗25,740
Output ET = ∗30 %=81m
1.1∗1.3
44.88∗15,000
 Payable = 81− =41.4 m
17,000
15,000∗25,740
Output VAT = ∗10 %=35 ,1m
1.1
 Payable VAT = 35.1−24.548=10.552m
Bài tập EIT
Exercise 4:

The business situation of a company in the taxation period is as follows:

1. Situation of consumption of products

- Sell domestically 50 tons of iodized salt at the price of 3 million dong / ton.

 Revenue = 50 * 3 = 150m
 VAT = 0 (Non-taxable object)
- Exporting 100 tons of salt to Laos at the FOB price of 110 USD / ton.

 Revenue = 100 * 110 = 11,000USD = 242m VND

- Export of 200 tons of rice to EU at the FOB price of 250 USD / ton.

 Revenue = 200 * 250 = 50,000 USD = 1,100m VND

- Selling 20 tons of canned fish to a supermarket at a VAT-exclusive price of 30 million dong / ton.

 Revenue = 20 * 30 = 600m
 Output VAT = 20 * 30 * 10% = 60m
2. Cost and input VAT corresponding to the volume of goods consumed in the period are as follows:

- The VAT-exclusive price of raw materials purchased is 950 million dong. Total input VAT amount of
raw materials is 95 million dong, the company can not separately account taxes for each type of product.

150
 Input VAT = 95− ∗95=88.2m
1,100+ 242+ 150+600
- Depreciation of fixed assets is 30 million dong. Creditable input VAT amount is 10 million dong.

- The VAT-inclusive prive of outside services is 165 million dong (VAT 10%)

 VAT exclusive price = 165/1.1 = 150m

165
 Input VAT = ∗10 %=15m
1.1
+ Input VAT on services purchased for the production and trading of goods subject to VAT is 10 million
dong.

+ Input VAT on services purchased for non-taxable products is 5 million dong.

5∗242
 Input VAT = =3.087m
242+ 150
- Cost of wages: 850 million dong

- Interest payments on bank loans: 60 million dong

1 USD = 22,000VND

a) Calculate the payable VAT amount? (VAT 10%)

Total output VAT = 60m

Total input VAT = 88.2 + 10 + 10 + 3.087 = 111.287m

 Payable VAT = 73.6 = 60 – 111.287 = -51.287m

b) Calculate the EIT amount (the tax rate of EIT is 20).
Total revenue = 150 + 242 + 1,100 + 600 = 2,092m

Total expense = 950 + 30 + 150 + 850 + 60 = 2,040m

 Net income = 2,092 – 2,040 = 52m

 EIT = 52 * 20% = 10.4m
Exercise 5:
1. The total revenue: 5,000

 Ouput VAT = 5,000 * 10% = 500m

2. The expenses:

- Cost of wages and salaries: 850

- Buying life insuarance for employees: 50

- Expenses for construction of gratitude houses under the program of the Ministry of Labor, War Invalids
and Social Affairs: 300

- Cost of costume in kind (Bằng hiện vật) for the employees: 300 (there are 50 employees)

 Nếu đề bài cho “in kind” thì mức giá giữ nguyên
 Cost = 300m
 Nếu đề bài cho “in cash” thì định mức mỗi người 5m VND
 Cost = 5 * 50 = 250m
- Interest payments on loans: (borrowing 500 million from a commercial bank at the interest rate of 16%
per year; borrowing 300 million from employees at the interest rate of 18% per year)

 Interest payment = 500 * 15% + 300 * 15% = 120m (Chi phí lãi vay ko vượt quá 150% lãi suất
NHTW quy định => Interest rate = 150% * 10% = 15%)
- Fines for violations of the law on labor use: 10 (Phạt vi phạm hành chính ko tính vào expense)

- Expenditures for waste water treatment: 100

- The VAT-exclusive price of raw materials purchased: 900

 VAT input = 900 * 10% = 90m

- Depreciation of fixed assets: 50

- Creditable input VAT amount: 5 (VAT input)

- The VAT-inclusive price of outside services: 88

 VAT exclusive price = 88/1.1 = 80m (Expense)

 Input VAT = 80 * 10% = 8m
- License fee: 5

- Tax on Non-agricultural land use: 20 => Expense

3. Other Income from transfer of assets: 30 (Taxable income)

a) Calculate the payable VAT amount with the tax rate of 10%?
Payable VAT = 500 – 90 – 8 – 5 = 397m

b) Calculate the EIT, assuming that: the tax rate of EIT is 20%, basic interest rate of the central
bank is 10%, The company has contributed sufficient capital. Life insurance is not included in
the labor contract
Total revenue = 5,000 + 30 = 5,030m

Total expense = 850 + 300 + 300 + 120 + 100 + 900 + 50 + 80 + 5 + 20 = 2,725m

 Net income = 5,030 – 2,725 = 2,305m

 EIT = 2,300 * 20% = 461m

Exercise 6:
The business situation of a company in the taxation period is as follows: (unit: million dong)

1. The total VAT-exclusive turnover: 4,000 (in which the turnover of goods subject to excise tax is 1,500
=> Input ET)

 Output VAT = 4,000 * 10% = 400m

2. The expenditures:

- Cost of wages and salaries: 850

- Depreciation of fixed assets: 70.

- Creditable input VAT amount: 8 (Ko tính vào expense)

- The VAT-inclusive price of raw materials purchased: 1,100.

1,100
 Input VAT = ∗10 %=100m
1.1
 Expense = 1,000m
- Expense for advertisement, marketing, sales promotion and brokerage commissions: 200.

- Cost of costume in money for the employees: 250 (there are 40 employees)

 Expense = 40 * 5 = 200
- Interest payments on bank loans: 50

- Fines for overdue debt: 5. (Có tính vào expense do ko phải phạt VPHC)

- Other deductible taxes: 20

3. Other incomes: 50 => Taxable income

a) Calculate the payable VAT amount with the tax rate of 10%? Calculate the excise tax amount with
the tax rate of 50%?

Payable VAT = 400 – 8 – 100 = 292m

Output ET = 4,000 * 50% = 2,000m

 Payable ET = 2,000 – 1,500 = 500m (Expense)

b) Calculate the EIT, assuming that: the tax rate of EIT is 20%? Life insurance is not included in the
labor contract

Total revenue = Turnover + Other income = 4,000 + 50 = 4,050m

Total expense = S&W + Depreciation + VAT exclusive price + Ads + Costume + Interest + Fines +
Deductible + Payable ET

= 850 + 70 + 1,000 + 200 + 200 + 50 + 5 + 20 + 500 = 2,895m

 EIT = (4,050 – 2,895) * 20% = 231m

Exercise 7:
- Importing 100 air-conditioner with the import-duty calculation price of 4 million dong / unit. The
company has sold all of the goods at ET-exclusive price of 12 million dong / unit.

- Exporting 300 smart phone at the FOB price of 5 million dong/unit.

- Buying 50 TVs from a local company at the VAT-inclusive price of 4 million dong. The company has
sold all of these TVs at the VAT-exclusive price of 8 million dong.

- Other deductible expenses of the company are 300 million dong

Calculate the EIT, assuming that

 the tax rate of EIT is 20%

 the rate of VAT is 10%
 the import tax rate of air-conditioner is 10%
 the excise tax rate of air-conditioner is 20%
 the export tax rate of smart phone is 0%.
(Input VAT, output VAT are not considered expense => No need to calculate)

1. Transaction 1

CIF price = 100 * 4 = 400m

 Import tax = 400 * 10% = 40m (Expense)

 Input ET = (400 + 40) * 20% = 88m
Output ET = 100 * 12 * 20% = 240m

 Payable ET = 240 – 88 = 152m (Expense)

Revenue = 100 * 12 + 240 = 1,440m

Expense = 400 + 40 + 152 = 592m

2. Transaction 2

FOB price (Revenue) = 300 * 5 = 1,500m

Export tax = 0m

3. Transaction 3

50∗4
Cost without VAT = ∗¿181.8 m (Expense)
1.1
Revenue = 50 * 8 = 400m

 EIT = (400 – 181.8) * 20% = 43.64m

Other deductible expense = 300m (Expense)

 Summerize
Total revenue = 1,440 + 1,500 + 400 = 3,340m
Total expense = 592 + 181.8+ 300 = 1,073.8m
 Net income = 3,340 – 1,073.8 = 2,266.2m
 EIT = 2,266.2 * 20% = 453.24m
 Note: Phải tính tổng tất cả Revenue và Expense trước, sau đó mới tính EIT. Ko tính EIT cho
từng nghiệp vụ

Bài tập VAT

Excersice 1:

Company A in the third quarter of year N purchased raw materials as follows:

- The VAT-inclusive price on the invoice of 1.44 tons is 792 million dong.
- The transport cost excluding VAT is 35 million dong;
- Loading and unloading costs excluding VAT are 10 million dong;
During the tax period, the enterprise used all materials for production material consumption norms are
0.5kg for each product. All products have been sold domestically with a tax-free price (VAT exclusive
tax) of 450,000 / 1 product.

c) Calculate the payable VAT amount with the tax rate of 10%? (1ton = 1,000kg)
d) If the company exported 40% of total products and sell domestically 60% of total products at a
VAT-exclusive price of VND 450,000/product, calculate the payable VAT amount?
a) Request 1

Number of product = 1.44 * 1,000 / 0.5 = 2,880 products

 Total price of products = 2,880 * 450,000 = 1296 m

VAT output = 1,296 * 10% = 129.6 m
 792
VAT input = ∗10∗+35∗10 %∗+10∗10 %=76.5 m
1.1
 Payable tax = VAT output – VAT input = 1,296 – 76.5 = 53.1 m
b) Request 2

Selling: VAT output = 129.6 * 60% = 77.76 m

VAT input = 76.5 m

 Payable VAT = 77.76 – 76.5 = 1.26 m

Excersice 2:

Company C trading in household goods during the tax period has the following documents on buying and
selling goods:

1. Goods purchased and sold:

- Imported 100 induction cookers with CIF price of 500 USD for each, import tax rate of 10%

- Domestic purchase of 80 pot sets with payment price of 693,000 VND/set

- Purchased 80 magnetic pans from a domestic trading company at a VAT exclusive price of 350,000/pan.

2. Goods consumed in the period:

- Selling 30 induction cookers at VAT exclusive price of 20 million VND for each, 50 sets of pots with a
VAT exclusive price of 1 million/one, 20 induction pans with a payment price of 572,000/one.

- Sent 20 induction cookers to the agent store, the dealer sold 15 units, the selling price without tax was
20 million VND/unit. The company immediately pays 5% commission based on the selling price to the
agent store.

- Installment sale of 20 induction cookers, installment sale price excluding tax is 21 million VND/unit
(installment interest is 1 million VND)

3. During the period, the company ran 2 promotion programs

- Use 50 induction pans for promotion when customers buy induction cookers

- 10% discount when purchasing an induction cooker (pan not included). The number of induction
cookers sold in the program is 20 units.

Question: Calculate the VAT amount that company C must pay in the tax period. (VAT rate is 10%,
import tax is 10%, 1USD = 25,000 VND)

VAT input:

 Cookers = 100 * 500 * 1.1 * 10% = 5,500 USD = 137.5 m

80∗693,000
 Pots = ∗10 %=5.04 m dong
1.1
 Pans = 80 * 350,000 * 10% = 2.8 m dong
  Commission VAT tax = 30 * 5% * 10% = 0.15 m dong
 Total input VAT = 137.5 + 5.04 + 2.8 + 0.15 = 145.49 m dong
VAT output:

Sales = 30 * 20 * 10% + 50 * 10% + 20*0.572/1.1 * 10% = 66.04 m dong

Deadling = 20 * 15 * 10% = 30 m dong

Installment = 20(20 – 1)*10% = 40 m dong

Promotion cooker = 20 * 20 * 90% * 10% = 36 m dong

 Total Output VAT = 66.04 + 30 + 40 + 36 = 172.04 m dong

Payable VAT = 172.04 – 145.49 = 26.65 m dong

Exercise 3:

The business situation of a company in the taxation period is as follows:

1. Situation of consumption of products

- Sell domestically 50 tons of iodized salt at the price of 3 million dong / ton.

- Exporting 100 tons of salt to Laos at the FOB price of 110 USD / ton.

- Export of 200 tons of rice to EU at the FOB price of 250 USD / ton.

- Selling 20 tons of canned fish to a supermarket at a VAT-exclusive price of 30 million dong / ton.

2. Cost and input VAT corresponding to the volume of goods consumed in the period are as follows:

- The VAT-exclusive price of raw materials purchased is 950 million dong. Total input VAT amount of
raw materials is 95 million dong, the company can not separately account taxes for each type of product.

- Depreciation of fixed assets is 30 million dong. Creditable input VAT amount is 10 million dong.

- The VAT-inclusive prive of outside services is 165 million dong (VAT 10%)

+ Input VAT on services purchased for the production and trading of goods subject to VAT is 10 million
dong.

+ Input VAT on services purchased for non-taxable products is 5 million dong.

Calculate the payable VAT amount? (VAT 10%) 1USD = 22,000VND

Exercise 4:

The business situation of a trading company in the taxation period is as follows:

- Importing 100 air-conditioner with the import-duty calculation price (inclusive tax price) of 4 million
dong / unit. The company has sold all of the goods at ET-exclusive price of 12 million dong / unit.

- Exporting 300 smart phone at the FOB price of 5 million dong/unit.

- Buying 50 TVs from a local company at the VAT-inclusive price of 4 million dong. The company has
sold all of these TVs at the VAT-exclusive price of 8 million dong.

Calculate the VAT, assuming that: the rate of VAT is 10%; the import tax rate of air-conditioner is
10%, the excise tax rate of air-conditioner is 20%, the export tax rate of smart phone is 0%, other
creditable input VAT amout is 30 million dong

1. Input VAT
100∗4
Import tax = =363.6 m dong
1.1
 Input VAT (Air conditioner) = 36.4 m dong
50∗4
Input VAT (TV) = ∗10∗¿ 18.1m dong
1.1
 Total input VAT = 18.1 + 36.4 + 30 = 84.5
2. Output VAT
Excise tax (Air conditioner) = 100∗12∗20 %=240 m dong

 Output VAT = 24 m dong

Output VAT (TV) = 50∗8∗10 %=40 m dong

 Total Output VAT = 240 + 40 = 280 m dong

 Payable VAT = 280 – 84.5 = 195.5 m dong

Bài tập import export

Export tax = FOB price * Tax rate
Import tax = CIF price * Tax rate
Exercise 1:
The import-export company in year N had the following transactions:
1. Importing a batch of components and machinery. The total value of imported goods under CIF terms is
28.4 billion VND. Import tax rate is 20%.
2. Import 3 shipments from the US under FOB terms,
- Shipment A includes 250 products; unit price is 300 USD/product, insurance is 2% of FOB price,
transportation cost is 3,000USD. Import tax rate is 10%.
 FOB price = 250 * 300 = 75,000
 CIF = FOB + Insurane + Freight
- Shipment B includes 180 products, unit price is 218USD/product, insurance is 3% of FOB price,
transportation cost is 4,000USD. Import tax rate is 30%.
 FOB price = 180 * 218
  CIF = FOB + Insurance + Freight
- Shipment C has a total value of 40,000 USD (FOB), insurance is 5% of CIF price, transportation cost is
5,000USD Import tax rate is 25%.
 CIF = FOB (40,000) + Insurance (0.05CIF) + Freight
3. Receiving entrustment to export shipment D under CIF terms with a total value of 52,000 USD.
Insurance transportation costs for the entire shipment are 2% of the FOB price. Export tax rate is 5%
 CIF (52,000) = FOB + Insurance (0.02 FOB)
Requirement: Calculate the amount of export and import tax that the company must pay in year N, 1 USD
= 25,000 VND
1. Transaction 1
Import tax = 28.4 * 20% = 5.68b = 5680m
2. Transaction 2 – Import tax
Shipment A = (250*300 + 250*300*2% + 3,000) * 10% = 7,950 USD = 198,75m
Shipment B = (180*218 + 180*218*3% + 4,000) * 30% = 13,325 USD = 333.125m
Shipment C:
FOB price = 40,000 USD = 1000m VND
CIF price = FOB price + 5%CIF + Transportation cost
 0.95CIF = 1,000 + 5,000 * 25,000
 CIF = 1184.2 m
Import tax = 1184.2 * 25% = 296.05m
3. Transaction 3
CIF price = 52,000 USD = 1,300m VND
CIF price = FOB + 2%FOB
 1,300 = 1.02FOB
 FOB = 1,274.5m VND
Export tax = 1,274.5 * 5% = 63.275m
Exercise 2:
An enterprise manufacturing and trading beverages had the following situation:
- Importing 3,000 boxes of beer, the import tax price was 4,500 VND/box. The enterprise sold all of this
beer at a VAT-exclusive price of 16,000 VND/box.
- Importing200,000 bottles of 18-degree wine at FOB price of 8 USD/bottle, shipping and insurance fees
for the entire shipment of 80,000 USD. Then the enterprise sold to another enterprise in the export
processing zone 100,000 bottles at a price of 200,000 VND/bottle. The remaining amount was sold to a
domestic enterprise at a VAT-exclusive price of 260,000 VND/bottle.
Determine the taxes that the enterprise must pay in each situation?
Known that: -

 The import tax rate for canned beer is 35%, alcohol is 40%.
 The special sale tax rate (Excise tax) for canned beer is 65%, alcohol under 20 degrees is 35%.
 The VAT rate on the above products is 10%. 1USD = 25,000 VND
1. Transaction 1
CIF price = 3,000 * 4,500 = 13.5m
 Import tax = 13.5 * 35% = 4.725m
Input ET = (13.5 + 4.725) * 65% = 11.85m
Input VAT = (13.5 + 4.725 + 11.85) * 10% = 3.0075m
3,000∗16,000
Output ET = ∗65 %=18.909m
1.65
 Payable ET = 18.909 – 11.85 = 7.059m
Output VAT = 3,000 * 16,000 * 10% = 4.8m
 Payable VAT = 4.8 – 3.0075 = 1.7925m
2. Transaction 2
CIF price = 200,000*8 + 80,000 = 1,680,000 USD = 42,000m VND
 Import tax = 42,000 * 40% = 16,800m
Input ET = (42,000 + 16,800) * 35% = 20,580m
Input VAT = (42,000 + 16,800 + 20,580) * 10% = 7,938m
100,000∗200,000
Output ET (1) = ∗35 %=5,185m
1.35
100,000∗260,000
Output ET (2) = ∗35 %=6,741m
1.35
20,580∗100,000
∗100,000
 Payable ET = 200,000 m
5,185+6,741 – =6,781
200,000
Output VAT = 100,000 * 260,000 * 10% = 2,600m
 Payable VAT = 2,600 – 7,938 = (5,538)
Exercise 3:
An enterprise had the following situation:
1. Importing 1000 bottles of foreign wine, the import value is 150,000 VND/bottle. During the procedure
at the Customs management area, 150 bottles of this wine were completely broken (with Customs
inspection). The enterprise consumed all (sell all) imported foreign wine at a payment price of 600,000
VND/bottle (gồm cả VAT và ET)
2. Buying 9,000 bottles of wine from a domestic production enterprise for export according to an
economic contract signed with a foreign company. The VAT exclusive price is 50,000 VND/bottle.
During the period, the company exported 8,000 bottles at the FOB price of 60,000 VND/bottle. The
remaining amount is not exported but for domestic consumption at a VAT exclusive price of 66,000
VND/bottle.
3. Receiving entrusted import of 40 cars for company A, import value is $10,000/car. International
transportation insurance fee is calculated at 2% of import value. Company A has paid a commission (not
including VAT) calculated at 4% of the import taxable value. The company has paid all taxes to company
A and fully delivered the goods.
Requirement: Determine the taxes in each situation
Known that: The import tax rate for alcohol is 50%, cars 50%. Wine export tax 5%. Excise tax rate on
foreign liquor, wine 50%, automobile 60%. VAT rate of goods, commission 10%. 1USD = 25,000 VND
1. Transaction 1
CIF price = 150,000 * (1,000 – 150) = 127.5m
 Import tax = 127.5 * 50% = 63.75m
Input ET = (127.5+63.75) * 50% = 95.625m
Input VAT = (127.5 + 63.75 + 95.625) * 10% = 28.6875m
850∗600,000
Output ET = ∗50 %=154.5m
1.5∗1.1
 Payable ET = 154.5 – 95.625= 58.875
850∗600 ,00
Output VAT = ∗10 %=46.4 m
1.1
 Payable VAT = 46.4 – 28.6875 = 17.7125
2. Transaction 2
Input VAT = 9,000 * 50,000 * 10% = 45m
FOB price = 8,000 * 60,000 = 480m
 Export tax = 480 * 5% = 24m
Output VAT = 1,000 * 66,000 * 10% = 6.6m
 Payable VAT = 6.6 – 45 = (38.4)
 1,000∗66,000
Output ET = ∗50 %=22m
1.5
3. Transaction 3
CIF price = 40*10,000 + 40*10,000*2% = 408,000 USD = 10,200m VND
 Import tax = 10,200 * 50% = 5,100m
Input ET = (10,200+5,100) * 60% = 9,180m
Input VAT (10,200+5,100+9,180) * 10% = 2,448m
Commission VAT (input) = 10,200 * 4% * 10% = 40.8m

Bài tập ET
Excersie 1:
In the last 3 months of year N, enterprise A has the following operations:
1. Buying 20.000 liters of glutinous rice wine with alcohol volume of 19% at VAT exclusive price of 32,000
VND / liter. The company used 15,000 liters to produce 22,000 bottles of alcohol at 30% vol. The
company has sold 12,000 bottles at the VAT excluvie price of 75,000 dong/bottle.
2. Selling 6,000 bottles of beer to the trading company at the excise tax exclusive price of 7,000 dong /
bottle.
3. Importing 200 bottles of Chivas 38 at 40% volume with the import-duty calculation price of 5 million
dong / bottle. The company has sold 150 bottles at VAT-exclusive price of VND15 million / bottle.
Calculate the excise tax amount of enterprise A in the last three months of the year. Assuming that:
Import tax rate of alcohol is 50%; The excise tax rate for glutinous rice wine is 25%. The tax rate for
bottled alcohol and Chivas 38 and beer is 50%.
1. Transaction 1
20,000∗32,000
Input ET = ∗25 %=128m
1.25
12,000∗75,000
Output ET = ∗50 %=300 m
1.5

 Payable ET = 300−128 ( 12,000∗15,000

22,000∗20,000 )
=247.64 m

2. Transaction 2

Output ET = 6,000 * 7,000 * 50% = 21 m

3. Transaction 3

Cost of importing = 200 * 5 = 1,000 m

Import tax = 1,000 * 50% = 500 m

 Input ET = (1,000 + 500) * 50% = 750 m

150∗15
Output ET = ∗50 %=750 m
1.5

750∗150
 Payable ET = 750− =187.5 m
200
 Conclusion
Total input ET = 128 + 750 = 878 m

Total output ET = 300 + 21 + 750 = 1071 m

 Payable ET = 1071 – 878 = 193 m

Excersie 2:
Company A producing goods subject to excise tax has the following documents in the tax period:
- Putting the finished products into the warehouse: 10,000 A products and 15,000 B products

- Selling 8,000 A products and 12,000 B products including

+ Selling to company B: 4,000 A products and 7,000 B products at the total payment price of 169,400
dong/product A and 105,600 dong/product B.
+ Agent of the company A has sold 900 products A and 2,200 products B at the VAT exclusive price
of 182,000 dong/product A and 104,000 dong/product B
+ Exporting the remaining products to other country at the FOB price of 92.000dong/product A and
48.000dong/product B.
Calculate the excise tax amount of company A, assuming that:
- The excise tax rate for product A and B is 40% and 60% respectively. The company does not have raw
materials and inventory products at the beginning of the period.
- During the period, the company purchased 8,000 kg of raw materials subject to special sales tax to
produce 10,000 SPA at the excise tax exclusive price of 69,000 dong/kg, the excise tax rate of raw
materials is 25%.
1. Transaction 1: Output ET
4,000∗169,400
Product A = ∗40 %=176 m
1.4∗1.1
7,000∗105,600
Product B = ∗60 %=252 m
1.6∗1.1
 Total output ET = 176 + 252 = 428 m
2. Transaction 2: Output ET
 900∗182,000
Porduct A = ∗40 %=46.8 m
1.4

2,200∗104,000
Product B = ∗60 %=85.8 m
1.6

 Total output ET = 132.6 m

3. Transaction 3: Input ET

Product A = 8,000 * 69,000 * 25% = 138 m

138∗4,000+ 900
 Payable ET = 428 +132.6− =492.98 m
10,000
Exercise 3:
During the tax period, a golf business has the following transactions:
1. Selling 100 membership cards at a VAT exclusive price of 450,000 VND/ticket
2. Sell 300 golf practice tickets at a VAT inclusive price of 374,000 VND/ticket
3. Revenue from renting Buggy cars and helpers when playing golf was 275 million VND
4. Revenue from food and drink sales at the training ground during was 700 million VND, of which the
revenue of beer accounted for 60%. The total VAT exclusive prices of beer is 340 million VND. The golf
business sells all the beer it purchased.
5. The golf business has an additional massage service. The revenue in the period is 900 million VND, of
which revenue from selling food accounts for 40%.
Calculate the amount of excise tax knowing that the excise tax rate for golf business is 20%;
massage business is 30%; beer is 55%. The VAT rate is 10%.
100∗450,000
Output ET (Membership) = ∗20 %=7.5 m
1.2
300∗374,000
Output ET (Tickets) = ∗20 %=17 m
1.1∗1.2
275
Output ET (Buggy cars) = ∗20 %=45.8 m
1.2
340
Input ET (Beer) = ∗55 %=120.6m
1.55
Output ET (Beer) = 149 m
900∗(100 %−40 %)
Output ET (Massage) = ∗30 %=113.3 m
1.1∗1.3
 Payable ET = (7.5 + 17 + 45.8 + 149 + 113.3) – 120.6 = 212