Subject: Tax
A company beer has applies credit method following transactions in the tax period:
+ sale in domestic market: 600 cans beer at before VAT price of VND1,100,000 for each can.
+ sale 1,600 cans of beer at the total price of VND 1,200,000/ can in the domestic market on added value invoice, the VAT amount is not written.
+ purchase 1000 cans with price written on sale invoice of VND500,000,000
+ exported 2000 cans of beer at FOB of VND1,000,000 for each can.
+ Imported 1,100 cans for sale in domestic market. The actual payable price up to the first border gate of the importation is $15 for each. During the tax period, the enterprise has sold 900 cans to a commercial domestic company at the price of VND1,300,000each.
The deductible of purchased good was $600
VAT rate 10%
Import tax rate on Beer is 35%.
Excise duty rate applicable to beer is 65%.
Exchange rate applicable $1 = VND23,000
Exported goods are supported with sufficient document as prescribed by law. Calculate the customs duty, excise duty and VAT amount payable on each transaction at customs office and tax office.
