Question
Alpha, a car manufacturer, pays VAT by the credit method. In the tax period, it has the following activities: (1) Importing 1,000 air conditioners with
Alpha, a car manufacturer, pays VAT by the credit method. In the tax period, it has the following activities: (1) Importing 1,000 air conditioners with capacity of 9,000 BTU which are designed for installation in car only with CIF price of VND 10 million/air conditioner. In the tax period, Alpha used 400 air conditioners to produce cars. The remaining imported air conditioners was sold to domestic garages with price exclusive of VAT of VND 18 million/air conditioner. (2) Producing cars and selling transactions as follow: - Selling domestically 1,500 five-seat cars with price exclusive of VAT of VND 520 million/car - Selling 10 five-seat cars and 15 24-seat cars to enterprises in EPZs with price exclusive of VAT of 533 million/car and VND 650 million/car, respectively - Using 5 five-seat cars in a promotion accordance with regulations of Trade Law Requirements: Determine the amount of customs duty, excise duty, and VAT that enterprise Alpha must declare and pay in the period. Knowing that: - Import duty rate of air conditioner is 10% - Excise duty rate of car is 30%, of air conditioners is 10%. - The VAT rate is 10%. - VAT of other purchased goods to serve production and business activities in the period VND 15,000 million - Enterprises have full legal invoices and documents, payment via bank
1. The amount of import duty payable to customs authority for importing air conditioners is VND million
2. The amount of excise duty payable to customs authority for importing air conditioners is VND million
3. The amount of VAT payable to customs authority for importing air conditioners is VND million
4. The amount of excise duty of selling domestically 1,500 five-seat cars is VND million
5. The amount of excise duty of selling 10 five-seat cars to enterprises in EPZs is VND million
6. The amount of excise duty of selling 15 24-seat cars to enterprises in EPZs is VND million
7. The amount of excise duty of using 5 five-seat cars in a promotion accordance with regulations of Trade Law is VND million
8. The amount of excise duty of selling imported air conditioners is VND million
9. The total amount of output VAT is VND .. million
10. The total amount of creditable input VAT is . million
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