CONSUMPTION TAX EXERCISES

Exercise 1 (VAT) Enterprise A in the current tax period has the following documents:
1. Opening stock: 50 units of product A, purchased price (VAT-exclusive) of
100,000 VND/unit.
2. Purchases in the tax period
- 5,000 units of product B from a domestic producer with the price (VAT-exclusive) of
200,000 VND/unit;
- 30 units of product C from a business household; the purchase price written on the list of
purchased goods at 1,000,000 VND/unit.
3. Products sales in the tax period
- The total 50 units of product A on stock with the selling price (VAT-exclusive) of 150,000
VND/unit.
- 2,000 units of product B with the selling price (VAT-exclusive) of 220,000 VND/unit. The
remaining amount is outwarehoused to an agent (selling goods and services at set prices)
using a VAT invoice. The price written on the invoice is 220,000 VND/unit. In the tax
period, the agent has sold 1,000 units of product B. The sales commission is 2% of the
revenue.
- 25 units of product C with the selling price (VAT-exclusive) of 1,100,000 VND/unit.
Calculate the VAT payable of the enterprise in the tax period. Given:
- Input VAT of other input goods and services serving the business activities in the tax
period (with legitimate invoices and documents): 5 mil VND.
- Product B and C purchased with the payment method of bank transfer.
- VAT rate of A, B, C and commission is 10%.
- The enterprise has registered to pay VAT using the credit-invoice method.

*Output VAT:
- Sold 50 units of product A: 50 x 150,000 x 10% = 0.75m
- Sold 2000 units of product B: 2000 x 220,000 x 10% = 44m
- Outwarehoused to an agent 3000 units of product B (using VAT invoices - tính thuế trên
tổng số hàng): 3000 x 220,000 x 10% = 66m
- Sold 25 units of product C: 25 x 1,100,000 x 10% = 2,75m
=> Total output VAT: 113.5m
*D.I.VAT:
- Opening stock: non-deductible
- Purchases 5,000 units of product B: 5000 x 200,000 x 10% = 100m
- Purchases 30 units of product C written on the list of purchased goods: non-deductible
- Commission: 2% x 1000 x 220,000 x 10% = 0.44m
- Input VAT of other input goods and services: 5m
=> Total D.I.VAT: 105.44m
VAT payable = Output VAT - D.I.VAT = 113.5 - 105.44 = 8.06m VND
Exercise 2 (VAT) Enterprise B in the current tax period, has the following activities:
- Sold 3,000 units of product X domestically. The selling price (VAT-exclusive) written on
the VAT invoice is 200,000 VND/unit.
- Sold 1,000 units of product X domestically. On the VAT invoice, only the VAT-inclusive
price of 220,000 VND/unit is written.
- Directly exported 2,000 product X with the FOB price of 240,000 VND/unit. The exported
products are qualified for VAT deduction and refund.
- Entrusted exported for Company Y 5,000 product A with the total export value of 1 bil
VND. The commission received from this activity is 2% of the export value.
- Used the ex-warehousing-cum-internal transportation bills enclosed with the internal
transfer order, ex-warehoused 500 units of product X to a branch in the same province; at
the end of the tax period, the branch has sold 400 units with the VAT-exclusive price of
200,000 VND/unit.
Requirements
1. Calculate the VAT payable in the tax period, given:
- Deductible input VAT gathered on legitimate VAT invoices: 200 mil VND.
- VAT rate of product X, A: 10%
2. Suppose for 2,000 units of exported product X, the enterprise can present the tax
declaration form but without the bank transfer documents. Calculate the VAT payable in
the tax period.
1. *Output VAT:
- Sold 3000 units of product X domestically: 3000 x 200,000 x 10% = 60m
- Sold 1000 units of product X domestically: 1000 x 220,000 x 10% = 22m
- Direct exported 2000 product X: tax rate = 0% => Output VAT = 0
- Commission of entrusted (ủy thác) exported for Company Y 5,000 product A:
1000 x 2% x 10% = 2m
- Ex-warehoused (sử dụng phiếu xuất kho thì tính thuế trên lượng hàng bán được) 500
units of product X; at the end of the tax period, sold 400 units:
400 x 200,000 x 10% = 8m
=> Total output VAT: 92m
*D.I.VAT: 200m
VAT payable = Output VAT - D.I.VAT = 92 - 200 = -108m VND
2. *Output VAT:
- 2000 units of exported product X: no output VAT
=> Total output VAT: 92m
𝑇𝑎𝑥𝑎𝑏𝑙𝑒 𝑟𝑒𝑣𝑒𝑛𝑢𝑒 3000 𝑥 200,000 + 1000 𝑥 220,000 + 2% 𝑥 1000 + 400 𝑥 200,000
*D.I.VAT: 200 x 𝑇𝑜𝑡𝑎𝑙 𝑟𝑒𝑣𝑒𝑛𝑢𝑒
= 200 x ... + 2000 𝑥 240,000
920
= 200 x 1400
= 131m
VAT payable = Output VAT - D.I.VAT = 92 - 131 = -39m
NOTE: tax rate 0%: - contract
- custom declaration form -> domestic
 - bank transfer receipt -> no output VAT: non-deductible input VAT

Exercise 3 (Excise tax) A cigarette producing company has the following activities:
- Purchased 1000 kg of fibred tobacco from a domestic producer to produce cigarette. The
purchase priced written on the VAT invoice is 33,000 VND/kg (VAT-exclusive).
- Ex-warehoused 500 kg of fibred tobacco to produce cigarette packs with production norm
of 0.025 kg fibred tobacco/pack. 1 carton of cigarette comprises of 10 packs.
- Sold 1,000 cartons of cigarette with the selling price of 82,500 VND/carton.
- Used VAT invoice to ex-warehouse 500 to the company’s agent. In the tax period, the
agent has sold 300 units with the VAT-exclusive price of 82,500 VND/carton. Commission
received from this activity is 2% of revenue.
- Sold 100 kg of fibred tobacco to another producer with the VAT-exclusive price of 35,000
VND/kg.
- The remaining of fibred tobacco is not yet sold.
Calculate the Excise tax payable and VAT payable in the tax period. Given:
- Excise tax rate of tobacco is 65%.
- Expenses of other inputs is 0.
- The company has no opening stock.
- All of the transactions have legitimate invoices and documents.
*ET:
- 1000 cartons: 1000 x 82,500 x 65% / (1 + 65%) = 32.5
- 500 cartons: 500 x 82,500 x 65% / (1 + 65%) = 16.25
- 100kg: non-taxable
- ET of materials of 1500 cartons: 1500 x 10 x 0.025 = 375kg
375 x 33,000 x 65% / (1 + 65%) = 4.875
=> ET payable = 32.5 + 16.25 -4.875 = 43.875
*VAT:
+ Output VAT: 12.725
- 1000 cartons: 1000 x 82,500 x 10% = 8.25
- 500 cartons: 500 x 82,500 x 10% = 4.125
- 100kg: 100 x 35,000 x 10% = 0.35
+ D.I.VAT: 3.3495
- 1000kg: 1000 x 33,000 x 10% = 3.3
- Commission fee: 2% x 300 x 82,500 x 10% = 0.0495
VAT payable = Output VAT - D.I.VAT = 12.725 - 3.3495 = 9.3755

Exercise 4 (Excise tax) Enterprise C in the current tax period has the following activities:
1. Imported fibred tobacco to produce cigarette. The import value is 8,000 mil VND. The
company used 50% of the material to produce 300,000 cartons of cigarette.
2. Sold 150,000 cartons domestically with the VAT-exclusive price of 85,800 VND/carton.
3. Sold 50,000 cartons to a import-export company to export according to contracts signed
with foreign companies; the VAT-exclusive price is 80,000 VND/carton. In the tax period,
the import-export company has exported 30,000 cartons.
4. The remaining cigarette cartons are exported to USA. The price sold at warehouse is
78,000 VND/carton. The delivery expenses from the warehouse to the export port is 4 mil
VND (VAT-exclusive).
Determine the consumption tax payable of the enterprise in the tax period. Given:
- Excise tax rate of tobacco is 65%.
- Import tax rate of imported fibred tobacco is 30%.
- Export tax rate of exported cigarette cartons is 2%.
- VAT rate of tobacco is 10%.
- Input VAT of other expenses is 5 mil VND.
- All transactions of the enterprise are paid via bank transfer.
- The enterprise has no opening stock.

*ET: Imports at custom office:

- 150,000 cartons: 150,000 x 85,800 x 65% - Import price: 8000
/ (1 + 65%) = 5070 - Import tax: 8000 x 30% = 2400
- 50000 cartons: non-taxable - ET: (8000 + 2400) X 65% = 6760
- 100,000 cartons: non-taxable - VAT: (8000 + 2400 + 6760) x 10% = 1716

- ET of materials of 150,000 cartons:

150,000
50% x 6760 x 300,000
= 1690
=> ET payable = 5070 - 1690 = 3380
*VAT:
+ Output VAT: 1678
- 150,000 cartons: 150,000 x 85,800 x 10% = 1287
- 50,000 cartons: 50000 x 80,000 x 10% = 400
- 100,000 cartons: 0% = 0
+ D.I.VAT: 1721.4
- Imports: 1716
- Delivery: 4 x 10% = 0.4
- Others: 5
VAT payable = Output VAT - D.I.VAT = 1678 - 1721.4 = -34.4

Exercise 5 (Import tax, Export tax) An import-export company, who registered to pay VAT
using the credit-invoice method, has the following activities in the tax period:
1. Imported textile fibres from a Japanese company to export process for this company.
The import value is 180 mil VND. From this textile fibres, the company made 8,000 m of
fabric. The processing commission is 30,000 VND/m. At the delivery deadline, the
company has exported 6,000 m of fabric back to the Japanese company. The remaining
fabric as not qualified for export, is sold domestically with the VAT-exclusive price of
100,000 VND/m.
2. Imported winter clothes from Korea. The trade value written in the contract is 200 mil
VND. The international freight and insurance from Korea to Vietnam is 1% of the contract
value. In the tax period, the company has sold all of the winter clothes domestically with
the VAT-exclusive price of 350 mil VND.
Requirements:
Calculate the import tax payable and VAT payable in the tax period of the company, given:
- Import tax rate of textile fibres is 30%; Import tax rate of winter clothes: 40%; VAT rate of
fabric and fibres, clothes: 10%.
- Input VAT of other expenses serving the business activities in the period: 60 mil VND.
- All transactions are paid via bank transfers and provided with legitimate invoices and
documents.
*At the custom office:
- Import textile fibre:
+ Import tax: exempt
+ VAT: non-taxable
- Export 6000m:
+ Export tax: exempt
+ VAT of fee: 6000 x 30,000 x 0% = 0
- Import clothes:
+ Import price: 200 + 200 x 1% = 202
+ Import tax: 202 x 40% = 80.8
+ VAT: (202 + 80.8) X 10% = 28.28
*At the tax office:
- 2000m sold domestically -> pay IT and VAT on imported materials
+ Import price: 180 x 2000/8000 = 45
+ Import tax: 45 x 30% = 13.5
+ VAT: (45 +13.5) x 10% = 5.85
- Output VAT: 55
+ 2000m: 2000 x 100,000 x 10% = 20
+ Clothes: 350 x 10% =35
- D.I.VAT: 94.13
+ 2000m: 5.85
+ Others: 60
VAT payable = Output VAT - D.I.VAT = 55 - 94.13 = -39.13

Exercise 6 (Import tax, export tax) An import-export company in the tax period has the
following activities:
1. Imported 100 TVs, the import price at the first import port is 2.5 mil VND/TV. In the tax
period, the company has used VAT invoice to ex-warehouse 50 TVs to an agent (selling
goods and services at set prices), the selling price written on the VAT invoice is 3.6 mil
VND/TV. The agent has sold 30 TVs with the selling price of 3.6 mil VND/TV. The
commission paid to the agent is 2% of the revenue.
2. Imported 12,000 units of product A (product A is subjected to Excise tax) with the CIF
price of 100,000 VND/unit. In the process of delivery from the export port to the import
port, 2,000 units of product were totally damaged; the company has provided the
certificate of damage from the authority.
3. Exported 200 tons of product B, the selling price at the warehouse is 4.5 mil VND/ton.
The delivery expense from the warehouse to the export port is 250.000 VND/ton.
Calculate the consumption tax payable of the company in the tax period, given:
- Import tax rate of TVs is 15%; import tax rate of product A is 40%; export tax rate of
product B is 10%.
- Excise tax rate of product A is 10%.
- VAT tax rate of goods and services is 10%.
- Input VAT of other expenses is 10 mil VND.
- All transactions are paid via bank transfers and provided with legitimate invoices and
documents.
- The company’s registered to pay VAT using the credit-invoice method.
*At the custom office:
- Import 100 TVs:
+ Import tax: 100 x 2.5 x 15% = 37.5
+ VAT: (100 x 2.5 + 37.5) x 10% = 28.75
- Import 12,000 A:
+ Import price: (12,000 - 2000) x 100,000 = 1000
+ Import tax: 1000 x 40% = 400
+ ET: (1000 + 400) x 10% = 140
+ VAT: (1000 + 400 + 140) X 10% = 154
- Export:
+ Export price: 200 x 4.5 + 200 x 0.25 = 950
+ Export tax: 950 x 10% = 95
*At the tax office:
- Output VAT: 18
+ 50 TVs: 50 x 3.6 x 10% = 18
+ Export: 200 x 4.5 x 0% = 0
- D.I.VAT: 197.966
+ 100 TVs: 28.75
+ 12,000 A: 154
+ Others: 10
+ Commission: 2% x 30 x 3.6 x 10% = 0.216
+ Delivery expense: 200 x 0.25 x 10% = 5
VAT payable = Output VAT - D.I.VAT = 18 - 197.966 = -189.966
 CORPORATE INCOME TAX
Exercise 1. Enterprise A in the current tax year has the following activities (unit: million
dong):
a. Revenue from sales of goods: 20,000, including the value of returned goods of 2,000.
b. Expenses declared by the enterprise for tax purpose are 16,000 (with legitimate invoices
and documents). Including:
- Depreciation expense of a 7-seat car (with the primary price of 2.4 billion VND, used by
the Director. The car is depreciated using straight-line method within the period of 8
years): 300.
- Expense for building medical facilities for employees: 100.
- Salary and wages (according to labor contracts): 2,000; in which 400 is the remuneration
of members of Board of Directors (not directly involved in directing production and
business).
- Efficiency bonuses for employees: 50
- Personal income tax payable: 150; VAT payable according to credit-invoice method: 250.
- Other expenses are deductible.
c. Other incomes:
- Income from domestic contribution of equity capital to company B; enterprise A receives
its share of income before company B pays CIT: 200.
- Income from selling a machine with the price of 300, the remaining value of the machine
is 20, the transfer expense is 2.
Calculate the CIT payable for the tax year. Given:
- The enterprise has sold the returned goods with the selling price of 1,500; the amount
received is not accounted in revenue.
- The enterprise pays VAT using the credit-invoice method.
- The efficiency bonuses are not prescribe in labour contracts, finance regulations or
rewards regulations of the enterprise.
- The CIT rate is according to current regulations on CIT.
1. Revenue: 20,000 - 2000 + 1500 = 19,500
2. D.E: 16,000 - 1050 = 14,950
Deductible Non-deductible

1. Depreciation 1600 / 8 = 200 100

2. Medical 100

3. Salary 1600 400

4. Efficiency 50

5. PIT 150

6. VAT 250
 Total 1050
3. Other income: 478
- Capital contribution: 200 - taxable
- Machine: 300 - 20 - 2 = 278 - taxable
4. Taxable income: 19,500 - 14,950 + 478 = 5028
5. Tax exempt: 0
6. Losses: 0
7. Taxed income: 5028 - 0 - 0 = 5028
8. CIT payable: 5028 x 20% = 1005.6

Exercise 2. Enterprise X in the current tax period has the following activities (unit: million
VND)
a. Revenue from sales of goods: 25,000; including revenue from sales of Excise- taxable
goods of 3,000.
b. Expenses declared by the enterprise for tax purpose are 20,000 (with legitimate invoices
and documents). Including:
- Depreciation expenses according to current regulations: 800, in which 50 is the
depreciation expense of an operating lease asset and 100 is the depreciation expense of a
lease-purchase asset.
- Expense for buying life insurance contracts for employees (not specified in labour
contracts): 100
- Rewards for innovation ideas: 200
- Efficiency bonuses for employees: 50
- Work outfits expense in cash: 300
- Interest expense for a loan from corporation B: 250; the interest rate written on the loan
contract is 20%.
- Funding for buying study equipments for Kim Lien elementary: 50.
- Other expenses are deductible.
c. Other incomes:
- Income from providing harvesting service: 120.
- Income from a science research contract (this is the 4th year the enterprise receives
income from this contract): 150
- Income from domestic contribution of equity capital to company B; enterprise X receives
its share of income after company B pays CIT: 300.
Calculate the CIT payable of the enterprise in the tax year. Given:
- The enterpise has not organized a council for test and acceptance of innovations and
improvements.
- The efficiency bonus is not specified in the labour contracts.
- The prime interest rate announced by the State Bank of Vietnam at the time of the loan
contract: 12%; the enterprise has fully contributed its charter capital.
- The number of employees in the enterprise: 50.
- The CIT rate is according to current regulation. The excise tax rate of excise taxable goods
is 50%. The enterprise did not receive any tax exemption or reduction in the tax year.
1. Revenue: 25,000
2. D.E: 20,000
Deductible Non-deductible

1. Depreciation 750 50

2. Life insurance 100

3. Inovation 200

4. Efficiency 50

5. Work outfit 5 x 50 = 250 50

6. Interest 250

7. Funding 50

ET: Included in 20,000 450

NOTE:
- Operating lease asset: non-deductible - Financial lease - purchase asset:
A lease B deductible
A lease B - long-term
Depreciation rent
buy asset rent - value of asset
Revenue D.E + interest
owner
depreciation

3. Other income: 570

- Harvesting: 120 - exempt
- Research contract: 150 - taxable
- Capital contribution: 300 - exempt
4. Taxable income: 25,000 - 19,550 + 570 = 6020
5. Tax exempt: 120 + 300 = 420
6. Taxed income: 6020 - 420 = 5600
7. CIT payable: 5600 x 20% = 1120

Exercise 3. AN PHAT Corporation in the current tax period has the following activities (unit:
million VND)
a. Revenue from sales of goods: 30,000; including revenue from sales of Excise-taxable
goods of 2,000.
b. Expenses declared by the enterprise for tax purpose are 20,000 (with legitimate invoices
and documents and do not include the excise tax payable). Including:
- Depreciation expenses according to current regulations: 500, in which 50 is the
depreciation expense of a machine which has been fully depreciated but still used for
production
- Material expenses according to production norm (VAT-inclusive): 3,300.
- Research and development expense: 300.
- Medical expenses for employees: 50.
- Expense of renting a fixed asset: 400 (prepaid for 2 years)
- Funding for building houses for the poor: 160
- Donations for local women association: 10
- Other expenses are deductible.
c. Other incomes:
- Income from leasing fixed asset: 200.
- Income from international investments: 1,200. This is the income after paying corporate
income tax in the foreign country with the tax rate of 40%.
Calculate the CIT payable of the enterprise in the tax year. Given:
- The company pay VAT using the credit-invoice method.
- The company does not have a science research and technology development fund; 1/3 of
the research and development expense is funded by the Government.
- Vietnam and the foreign country have not yet signed a tax treaties to avoid double
taxation.
- The CIT rate is according to current regulation. The excise tax rate of excise taxable goods
is 25%. The enterprise did not receive any tax exemption or reduction in the tax year.
1. Revenue: 30,000
2. D.E: 20,000 + 400 - 660 = 19,740
Deductible Non-deductible

1. Excise tax 2000 x 25% / (1 + 25%) = 400

2. Depreciation 450 50

3. Material 3300 / (1 + 10%) = 3000 300

4. R & D 200 300 x ⅓ = 100

5. Medical 50 50

6. Rents 400 / 2 = 200 200

7. Houses 160

8. Donations 10

Total 660
NOTE: CITp = (Taxed income - R & D fund) x 20%
- Have R & D fund: non-deductible
- No R & D fund: deductible
3. Other income: 200
- Lease: 200 - taxable
4. Taxable income: 30,000 - 19,740 + 200 = 10,460
5. Tax exempt: 0
6. Losses: 0
7. Taxed income: 10,460
8. CIT payable: 10,460 x 20% = 2092
9. Oversea income:
- Income before tax: 1200 / (1 - 40%) = 2000
- CIT - VN law: 2000 x 20% = 400
- CIT paid overseas: 2000 x 40% = 800
=> CIT payable in VN: 0

Exercise 4. HOANG HA Corporation in the current tax period has the following activities
(unit: million VND)
a. Revenue from sales of goods: 50,000
b. Expenses declared by the enterprise for tax purpose are 40,000 (with legitimate invoices
and documents). Including:
- Salary and wages (according to labor contracts): 5,000; in which 400 is the remuneration
of members of the Board of Directors (not directly involved in directing production and
business).
- Research and development expense: 300
- Protective clothes expense: 100.
- Funding for building a medical center for the poor: 120.
- Fines for late tax payment: 20; fines for breaking business contracts: 50.
- Advertising expenses: 750, in which 50 is expense of market research.
- Other expenses are deductible.
c. Other incomes:
- Income from harvesting service: 50.
- Income from business contract breach: 20.
- Income from international investments: 820. This is the income after paying corporate
income tax in the foreign country with the tax rate of 18%.
Calculate the CIT payable of the enterprise in the tax year. Given:
- The company pays VAT using the credit-invoice method.
- The company does not have a science research and technology development fund; 1/3 of
the research and development expense is funded by the Government.
- Vietnam and the foreign countries have not yet signed tax treaties to avoid double
taxation.
- The CIT rate is according to current regulation. The enterprise did not receive any tax
exemption or reduction in the tax year
1. Revenue = 50.000
2. D.E: 40,000 - 690 = 39,310
Deductible Non-deductible

1. Salary and wages 5000 - 400= 4600 400

2. R & D 200 300 x ⅓ = 100

3. Protective clothes 100

(Quần áo bảo hộ không bị áp mức
CAP giống quần áo bình thường)

Medical Xây nhà thôi, trạm y 120

tế thì không

Fines for late tax payment 20

Fines for breaking business contracts 50

Advertising 750

Total 690
3. Other income: 70
- Harvesting: 50 - exempt
- Business contract breach: 20 - taxable
4. Taxable income: 50,000 - 39,310 + 70 = 10,760
5. Tax exempt: 50
6. Losses: 0
7. Taxed income: 10,760 - 50 = 10,710
8. CITp = 10,710 x 20% = 2142

Exercise 5. (Bài toán ngược) Enterprise D in the current tax period has the following
activities (unit: million VND):
1. The CIT payable determined by the enterprise: 2,000
2. In the list of expenses declared by the company, there are some following expenses:
- Depreciation expense of the cafeteria serving employees (according to regulations): 100.
- Expense of buying a fixed asset: 1,000 (the depreciation expense of the fixed asset has
been accounted in the total depreciation expense of that year).
- Expense for contribute charter capital of a private high school: 1,000.
- Expense for funding building a hospital in Muong Nhi province: 2,000
- Fines for non-compliance with the law: 20
- Expense for buying life insurance for employees: 100
- Other expenses are deductible
3. The exempt incomes declared by the company include:
- Income from agricultural harvesting service: 50
- Income from the sale of products turned out from production with technology applied
for the first time in Vietnam: 200. This is the 6 th year the enterprise receive this income.
- Income from domestic contribution of equity capital to company A; enterprise X receives
its share of income before company A pays CIT: 300.
Calculate the CIT payable of the enterprise in the tax year. Given:
- The CIT rate is according to current regulation. The enterprise did not receive any tax
exemption or reduction in the tax year.
- The life insurance is not specified in the labor contract.
- All the expenses are with legitimate invoices and documents.
1. CITp determined by the enterprise: 2000
2. Adjustment to Taxed income:
Expense Adjustment

Depreciation 0

Fixes asset +1000

High school +1000

Hospital 0

Fines +20

Life insurance +100

Harvesting 0

Sale products +200

Capital +300

Total +2620
3. CITp: 2000 + 2620 x 20% = 2524
 PERSONAL INCOME TAX
Exercise 3. Mr. Nguyen Van An (Vietnamese citizen), lives in Hanoi and works for a joint
venture company. In 2020, Mr. An has the following income:
- Salary: 600 million VND
- Bonuses: 50 million VND
- Toxic allowance: 30 million VND
- Work outfit (in cash): 10 million VND
- In the tax year, Mr. An was sent to take a short-term training course in Singapore, the
scholarship he received is 200 million VND.
- At the beginning of the year, Mr. An won a cash prize of 100 million VND in a program
organized by Vietcombank.
- In June 2020, Mr. An inherited a building in Hanoi from his uncle. The market value of the
building is 2 billion VND. In January 2021, he decides to sell the building with the price of
2.5 billion VND.
Mr. An currently lives with his wife, 40 years old, no income. He also lives with his two kids
(2 and 5 years old) and his mother-in-law, 60 years old, no income.
The base salary (per month) for social insurance, health insurance and unemployment
insurance, etc. for the year: 26 million VND
Requirement: Calculate the PIT liability of Mr. An relating to his income in 2020.
1. Salary & wages:
- Total income: 600 + 50 + 30 + 10 = 690
- Tax exempt income: 30 + 5 = 35
- Taxable income: 690 - 35 = 655
*Deductions: 323.16
- Insurance: 26 x 10.5% x 12 = 32.76
- Personal: 11 x 12 + 3 x 4.4 x 12 = 290.4
- Donations: 0
*Assessible income: 655 - 323.16 = 331.84
*PITp: 60 x 5% + 60 x 10% + 96 x 15% + 115.84 x 20% = 46.568
2. Scholarship: 200 - exempt
3. Winning prize: (100 - 10) x 10% = 9
4. Inheritance: (2000 - 10) x 10% = 199
5. Real estate transfer: 2500 x 2% = 50 => taxable in 2021

Exercise 4. Mr. Manh (Vietnamese citizen), lives in Hanoi and works for a joint venture
company. In 2020, Mr. Manh has the following income:
- Salary: 40 million VND/month
- Bonuses: 1 month salary
- Wages for working overtime: 60 million VND (Mr. Manh is paid overtime 150% higher
than his ordinary wages)
- Toxic allowance: 30 million VND
- Income from insurance compensation paid by Bao Viet insurance company: 15 million
VND
- Income receive from his son, currently works in Malaysia: 200 million VND
- In 2020, Mr. Manh held 100.000 PVX shares and received 10.000 PVX shares as dividends
for the shares he was holding. At the end of 2020, he decided to sell all his PVX shares with
the price of 40.000 dong/share. The nominal price of PVX share is 10.000 dong/share.
- In June 2020, Mr. Manh inherited a building in Hanoi from his mother. The market value
of the building is 5 billion VND. In December 2020, he decides to sell the building with the
price of 6 billion VND.
Mr. Manh currently lives with his wife, 40 years old, no income. He also lives with his two
kids (2 and 5 years old) and his mother, 60 years old, with pension income of 4 million
dong/month.
The base salary (per month) for social insurance, health insurance and unemployment
insurance, etc. for the year: 26 million VND
Requirement: Calculate the PIT liability of Mr. Manh relating to his income in 2020.
1. Salary & wages:
- Total income: 40 x 12 + 40 + 60 + 30 = 610
- Tax exempt income: 30 + (60 - 60/150%) = 50
- Taxable income: 610 - 50 = 560
*Deductions: 270.36
- Insurance: 26 x 10.5% x 12 = 32.76
- Personal: 11 x 12 + 2 x 4.4 x 12 = 237.6
*Assessible income: 560 - 237.36 = 289.64
*PITp: 60 x 5% + 60 x 10% + 96 x 15% + 73.64 x 20% = 38.128
2. Investment income: 15 - exempt
3. Remmitance: 200 - exempt
4. Devidend - investment 100,000 shares: 10,000 x 0.01 x 5% = 5
5. Income from securities transfer: 110,000 x 40,000 x 0.1% = 4.4
6. Inheritance: 5000
7. Real estate transfer: 6000 x 2% = 120