Question
Question 2 A textile company located in Long Bien District and applies calendar tax year, has 40 employees, had following information for the tax year
Question 2 A textile company located in Long Bien District and applies calendar tax year, has
40 employees, had following information for the tax year 2020 (Unit: million VND):
1. Turnover:300.000
2. Expenses:250.000.
Inwhich: - Depreciation: 300 - Materials expenses:10.000, in which, the cost of damaged materials caused by natural disasters 200 - Uniform expenses: 220
- Remuneration paid to the founding members of companies: 60 - Donation to Youth union of Long Bien district: 70 - Donation for housing to the poor: 100
- Expenses without legitimate invoices: 30 - Expenses of golf fees for the Director of the company: 100 - PIT paid: 90 - Other expenditures are deductible 3. Other income: - Income from a joint venture in Vietnam: 100 - Net income from an asset liquidation: 40 - Overseas income: 800 Requirement 1: Which information need to be clearified in order to calculate the amount of CIT payable of the company and explain why? Requirement 2: Give additional necessary information and calculate the minimum amount of CIT payable of the company? Requirement 3: What is the deadline of CIT payment for the tax year 2020?
Pls help me. Im depressed
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