Question 1 Henri, an Australian, will be leaving Singapore on 30 June 2020 after working in Singapore for five years. His employer provided him with the following package Question 2 Applied Pte Ltd (APL), a goods and services tax (GST) registered trader, has the following transactions for the quarter ended 30 September 2020: On 1 September 2020, APL received a security deposit from a customer totalling $1,000. This deposit is refundable. 20,000 Air tickets for him and his family to return to Australia Restrictive covenant which prohibits him from working with a competitor worldwide Three months' salary in lieu of notice 200,00 0 On 21 September 2020, APL issued an invoice for $2,000 to a Singapore customer. The goods were delivered to the customer's warehouse in Malaysia on 1 October 2020. 90,000 What is the total taxable income of Henri for the year of assessment 2021? What is the amount of output GST chargeable by APL for the quarter ended 30 September 2020? A) $90,000 A) $205 B) $110,000 B) $0 c) $290,000 C) $140 D) $200,000 D) $65 Question 3 Question 4 Ruby Spring Limited (RSL) is a goods and services tax (GST) registered trader. For the quarter ended 30 September 2020, RSL recorded the following amounts: Ronald bought his first residential apartment on 1 January 2020 and rented it out from 1 April 2020 after carrying out minor repairs. Ronald's receipts/(expenditure) in respect of the apartment during the year 2020 were as follows: 25,600 Standard rated supplies Zero-rated supplies Exempt supplies Total supplies 200,000 80,000 12,000 292,000 Period April - December 2020 Gross rental income January - December Maintenance and conservancy 2020 charges February 2020 Repair charges April - December 2020 Furniture hire charges (4,200) (6,500) (4,000) What is the maximum expense which can be deducted from Ronald's rental income for the year of assessment 2021? A) $3,840 Residual input tax 6,400 Which of the following statements correctly explains whether Ruby Spring Limited is eligible to claim its residual input tax in full for the quarter ended 30 September 2020? A) Residual input tax is claimable in full because the total value of exempt supplies is less than $40,000 per quarter B) Residual input tax is claimable in full because the value of exempt supplies does not exceed 5% of total supplies and the average value of exempt supplies is less than $40,000 per month C) Residual input tax is to be apportioned because the value of exempt supplies exceeds 5% of standard rated supplies D) Residual input tax is to be apportioned because the value of exempt supplies exceeds $1,500 in the quarter B) $7,150 C) $14,700 D) $13,650 Question 5 During the year of assessment 2021, Sue began her vocation as a private tutor. She paid $2,000 to buy a new laptop for use during her tuition and $450 for online advertising of her services. In addition, Sue contributed $9,200 to the central provident fund (CPF) as a self-employed person. What is the amount which Sue can claim as tax deductible revenue expenses when computing her assessable income (before personal relief) for the year of assessment 2021? A) $450 B) $9,200 C) $11,650 D) $2,450 Question 6 Peter, a tax resident of Country A and a non-resident of Singapore for tax purposes, is considering taking up a short- term teaching appointment in Singapore. The employment is for a period of 12 weeks. Peter has the following options to choose from: Option 1: Start his employment on 2 December 2019 and complete the teaching assignment by 10 February 2020. Option 2: Start his employment on 23 December 2019 and complete the teaching assignment by 2 March 2020. Singapore does not have a tax treaty with Country A
