题目内容
(a) Chris and Wendy graduated from high school in 2012 and set up a hair-dressing shop in the form. of a limited company, Hair Ltd. The total amounts received from the customers of Hair Ltd in each of the last three years has been as follows. The income is evenly spread over the 12 months.
In order to encourage small enterprises, the State Council has granted the following tax reliefs:
– Before 1 August 2014, an entity with a turnover of less than RMB20,000 per month was exempt from business tax (BT).
– For the period from 1 August 2014 to 31 December 2018, the exemption threshold was increased to RMB30,000 per month.
Hair Ltd files business tax on a monthly basis.
Required:
(i) Calculate the business tax payable by Hair Ltd in each of the three years, 2012, 2013 and 2014. (4 marks)
(ii) Calculate the enterprise income tax (EIT) of Hair Ltd of 2014. (2 marks)
(b) With respect to the three turnover taxes in China, namely, value added tax (VAT), business tax (BT) and consumption tax (CT):
(i) State which two of the turnover taxes are mutually exclusive. (1 mark)
(ii) Briefly explain the purpose and effect of levying consumption tax. (3 marks)
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(a) Phi Ltd is a company set up in Guangzhou. In 2014 Phi Ltd incurred the following expenses:
(1) A consultancy fee of RMB3,500 for services provided in China paid to Mr Xie, who is a China tax resident.
(2) A consultancy fee of RMB70,000 for services provided in China paid to Ms Ma, who is not a China tax resident.
(3) A royalty of RMB80,000 paid to Deji Ltd, which is a China tax resident enterprise.
(4) A royalty of RMB90,000 paid to Backa Ltd, which is not a China tax resident enterprise.
Required:
For each of the four payments, state whether Phi Ltd will be a withholding agent for income tax, and where Phi Ltd is the withholding agent, calculate the amount of income tax to be withheld.
Note: Ignore value added tax and business tax, and any tax incentives available under tax treaties. (7 marks)
(b) Jack has set up an e-shop selling goods via an internet platform. His total sales in 2014 were RMB400,000. He did not register with the tax authorities or pay any taxes in 2014. This was discovered by the tax bureaus in 2015.
Required:
State the possible consequences Jack may be exposed to under the Tax Collection and Administrative Law, as a result of his failure to comply with the tax registration and tax payment requirements. (3 marks)
根据《反不正当竞争法》规定，以下关于投标招标说法错误的是
Mr Lin, a China tax resident, had the following incomes in February 2014.
(1) The payroll information relating to his employment with DSR Ltd for the month of February 2014 is as summarised below:
(2) He is a part-time lecturer at the Shanghai Design Institute. He gave three lectures in February 2014 and he received a lecturing fee of RMB1,000 for each lecture.
(3) He received an insurance compensation of RMB2,000 because of a delayed flight.
(4) During the Spring Festival, his parents gave him RMB10,000 red-packet money.
(5) He won USD1,000 in a lottery when he was on vacation outside China. He paid foreign tax of USD150 on this income.
(6) He had an article published in the January 2014 edition of a journal. The authorship fee of RMB1,000 was paid to him in February 2014.
(7) He is a non-executive director of a listed company. In February 2014, he received a director’s fee of RMB60,000.
(8) He was the only shareholder of Little Ltd. He sold all of his shares in this company for RMB1,000,000 on 28 February 2014, when the net asset value of Little Ltd was RMB800,000. The purchase cost of the shares was RMB400,000.
Required:
Calculate the individual income tax (IIT) payable by Mr Lin on each of his items of income ((1) to (8)) for February 2014. State clearly if any item is tax exempt or not taxable.
Note: Ignore value added tax and business tax.
根据《著作权法》规定，表演者部分权利保护期为五十年，截止于该表演发生后第五十年的12月31日，一下不受保护期限的是
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