Your company in China hires 10 employees and pays them 2,000,000RMB total. To keep them motivated and make it easier to work you would like to provide living space that costs 500,000. How much can you deduct for China EIT?

Your company in China sells 50,000,000RMB of computers in March. You incurred 25,000,000RMB of expenses that were subject to VAT and paid 2,000,000RMB of VAT for these purchases. What would be your Net VAT Payable for March?

Your company imports potato chips for RMB500,000 which is subject to customs duty of 10%. It is not subject to Consumption Tax. What would the VAT payable be on importation?