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ACCA F6 一日一练

楼主#
更多 发布于:2012-02-02 16:59

  (a)   State what is meant by a ‘mixed sale’ and briefly explain the business tax (BT) and/or value added tax (VAT)
           treatment of mixed sales activities.                                                                              (5 marks)


     (b)   Company J, an advertising company, had the following transactions in the month of October 2009:


           (1)  Earned     RMB    3,000,000      from   a  cosmetic    company.    The   artists  in  the  advertisement     were   paid
                RMB 1,000,000 and the television centre broadcast fee was RMB 800,000.


           (2)  Earned RMB 870,000 from a pharmaceutical company. The cost of the advertisement was RMB 800,000,
                the   television   centre   broadcast   fee   was   RMB   200,000   and   the   newspaper   offices   publishing   fee   was
                RMB 150,000. The income assessed was considered to be too low and without proper justification by the
                tax bureau, which determined the taxable income should be re-calculated at a deemed profit rate of 18%
                on the reported earnings.


           (3)  Received RMB 1,200,000 from a wine shop for making an advertising banner outside a building. Company
                J purchased materials for RMB 700,000 for which a general sales invoice was obtained. The banner was
                sewn   in   Company   J’s   sample   room   at   a   labour   cost   of   RMB   20,000   and   installed   by   its   property
                management department for a cost of RMB 30,000.


           (4)  Invested RMB 1,500,000 in immovable property and assigned intangible assets worth RMB 300,000 to a
                certain enterprise as a capital contribution.


           (5)  Earned RMB 200,000 by holding a fashion show.


           (6)  Received RMB 500,000 from the transfer of the patent on a certain advertisement design.


           Required:


           Briefly explain and calculate the business tax (BT) payable by Company J for the month of October 2009.
                                                                                                                             (8 marks)


     (c)   State (1) by when a business tax (BT) return must be filed and the tax paid and (2) the consequences of late
           payment.                                                                                                          (2 marks)

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沙发#
发布于:2012-02-02 16:59
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