Assuming that Company pays PIT by electronic fund transfer; all employees are Vietnamese resident and have regular income at the Company; qualified dependents are deducted throughout [r]
(1)[Type text] Page PIT HOMEWORK
Họ & tên SV: ………
MSSV : ………
Exercise 1: Mrs Chu Manh Hong is a HCM city resident, earning salary of VND 42 million per month She has to be deducted salary income for social, health & unemployment insurance of 10.5% as required by law She raised two children who are under 18 years old and have no income; and Ms Hong already registered family deductions for her dependents children
(2)[Type text] Page Exercise 2: An Thịnh Company, in year 2017 has the following data of its employee salary income (unit: 1KK VND):
Name Income
Deductions Overtime Insurances Lunch
allowance
Charity contribution
Family dependences
Trinh My Van 470 50 15 3
Tu Van Hieu 380 40 12
Dao Thi Mo 310 30 10 2
(3)[Type text] Page Exercise 3: Mr Bui Van Tuan, working at Hoang Hai company, has total income from the salary of 534 million in 2017 Besides salary income, the Company support VND 1.8 million per month as sports-club-member for Mr Tuan to exercise at a club near to his house Mr Tuan must pay compulsory insurance of VND 1.3 million per month
Requirement: Determine Mr Tuan’s PIT ? Assuming that:
- Mr Tuan has children who are under 18 years old and eligible for family deduction - The company is responsible for withholding Mr Tuan’s PIT according to regulations
Exercise 4: Mr Nguyen Quoc Giang, Hanoi resident, working at a domestic business, has income in year as follows:
- Net salary income (after social, health & unemployment insurance deduction): 480 million - Bonus (as signed contract): 50 million
- Noxious allowance: 20 million
- Innovation & technical-improvement bonus: 15 million - Income from housing rent: 300 million (tax rate 5%)
- Winnig a prize at CoopMart Supermarket of 100 million He gave to Poor-Children-Charity-Fund of 20 million
(4)[Type text] Page Exercise 5: Mr Phan Quoc Manh, Vietnamese resident in Vung Tau - Working for a domestic
corporation, has income for the current tax year as following: - Monthly salary: 48 million VND
- 13th month’s salary: 28 million VND
- Tet & holiday’s bonus: million VND (for whole year)
- Total amount of overtime salary which is higher than salary of normal working-time: 50 million VND - Dangerous & Noxious allowance: 15 million VND
- Stock transfer: 300 million VND - Land transfer (tax rate 25%) with:
Transfer price = 1,200 million VND
Original cost & ralated expeses = 800 million VND
- Gift received from his sister: a motorbike worth 77 million VND - Rent income: 100 million VND (tax rate 5%)
Requirement: Determine Mr Manh’s PIT in the year? Assuming that: Mr Manh must paid his own social insurance, health insurance, and unemployment insurance for the whole year from his salary of 30
million VND; and he has children who are under 18 years old and eligible for family deduction
Exercise 6: A Taiwanese expert who has been working in Vietnam under a continuous signed contract from August 1, 2017 to July 31, 2018 (12 months) The contract includes the following terms:
- Salary income: USD 70,000 - Noxious allowance: USD 2,400
- Income from a technology transfer contract: USD 4,500 - Round-trip air-ticket paid by Vietnam for USD 1,200
- In January 1, he won a lottery ticket at the Lottery Company, worth VND 50 million
Requirement: Determine PIT of Taiwanese expert for the year? Assuming that:
Taiwanese expert has presented sufficient documents for family deduction for an under-18-years-old child