Data of business of Lion Co., operating in air-conditioner production, in the tax an. year M, are as follows: 1. Turnover report Air-conditioner with capacity of 12,000 BTU: 10,000 units were sold at is before-VAT price of VND11,000,000 per unit. lxs eboog to as5142 22070 v noci mon abong gio, pulny 2 000,000,000.01/V Air-conditioner with capacity of 100,000 BTU: 1,000 units were sold at before-VAT price of VND44,000,000 per unit. Disq

Exercise 8 Data of business of Lion Co., operating in air-conditioner production, in the tax year M, are as follows: 1. Turnover report - Air-conditioner with capacity of 12,000 BTU: 10,000 units were sold at before-VAT price of VND11,000,000 per unit. - Air-conditioner with capacity of 100,000 BTU: 1,000 units were sold at before-V AT price of VND44,000,000 per unit. TAXATION - A University Textbook 2. Expense report - Depreciation which is compliant strictly with the stipulations by law: VND 10,000,000,000 - Material expense: VND80,000,000,000. This expense is compliant with the consumed norm defined by the company. - Salaries and remuneration expenses: VND20,000,000,000, of which VND1,000,000,000 paid to the founding members of companies who do not directly take part in the administration of goods production. - Asset rent paid in advance for 5 years of renting: VND10,000,000,000. - Interest expense: VND6,000,000,000 of which VND2,000,000,000 is equivalent to the interest of the lack of charter capital. - Input VAT qualified: VND9,000,000,000. - Other deductible expenses apart from excise duty: VND8,000,000,000 3. Other relevant information - VAT rate applicable to this item is 10 percent. - Excise duty rate applicable to this item is 10 percent. - Standard rate of corporate income tax is applicable to this company. - All purchase transactions are supported with legitimate invoices. - Bank payments are applicable to all purchase transactions of the company. Losses carried forward: VND2,000,000,000. equired: Determine VAT, excise duty and corporate income tax payable by is company for the tax year M