VAT is fundamentally classified as a consumption tax because:

Under the VAT credit method, the VAT amount payable is calculated as:

The standard VAT rates currently applied in Vietnam are:

The 0% VAT rate applies to exported goods provided that:

Which of the following transactions is NOT subject to VAT in Vietnam?

Under Vietnamese VAT law, which category of taxpayers is required to apply the credit method?

Which of the following is NOT a condition for input VAT deduction under the credit method?

An enterprise purchases 2,000 units of raw materials at VND50,000 per unit (before VAT). The VAT invoice clearly states the seller's TIN, and the enterprise pays by bank transfer. VAT rate is . The deductible input VAT is:

An enterprise purchases 500 units of raw materials at VND80,000 per unit (before VAT). However, the VAT invoice received does not state the seller's tax identification number (TIN). The enterprise pays by bank transfer. VAT rate is . The deductible input VAT is:

An enterprise sells 300 units of taxable products in the domestic market at VND2,000,000 per unit (before VAT). VAT rate is . The output VAT is:

In a tax period, an enterprise applying the credit method has output VAT of VND80,000,000 and deductible input VAT of VND55,000,000. The VAT amount payable to the state budget is:

An enterprise exports 500 units to a foreign buyer at USD100 per unit. The export documentation is complete as prescribed by law. The output VAT on this export transaction is:

An enterprise produces both taxable goods and VAT-exempt goods. The total input VAT on common (shared) purchases is VND40,000,000. Revenue from taxable goods is VND300,000,000 and revenue from exempt goods is VND100,000,000. The deductible input VAT is:

The VAT base price for imported goods at the import stage comprises:

A beer producer sells beer at VND25,000 per liter (price stated by the producer, exclusive of excise duty and VAT). The excise duty rate is and the VAT rate is . The VAT base per liter is:

The standard Corporate Income Tax (CIT) rate currently applied to enterprises in Vietnam is:

Which of the following expenses is NOT deductible when calculating taxable income for CIT purposes?

An enterprise reports the following data for the tax year: Total turnover of VND50 billion and deductible expenses of VND40 billion. The standard CIT rate applies. The CIT payable is:

An enterprise declares total expenses of VND2,000 million, of which VND50 million represents fines for late tax payment and VND100 million represents donations to a state hospital. The remaining expenses are all properly deductible with valid documentation. The total deductible expenses are:

An enterprise incurred a CIT loss of VND3 billion in 2018. In 2020, its taxable income before any loss carry-forward is VND10 billion, with no other adjustments. The maximum loss carry-forward is up to 5 consecutive years. The CIT payable for 2020 is: