1) The following turnover is non-taxable turnover of VAT:

Name ______________

ID __________________

Date ________________

Midterm

Variant II

Section I

1) The following turnover is non-taxable turnover of VAT:

a) Realization of goods outside the Republic of Kazakhstan;

b) the shipment of goods, including the exchange of goods for other goods, work and services;

c) the shipment of goods under commission agreements;

d) the transfer of property to financial lease

2) Zero rate of VAT is applied to the following turnover:

a) the transportation of goods, including mail exported from the Republic of Kazakhstan and imported into the Republic of Kazakhstan;

b) the transportation of transit freight through the Republic of Kazakhstan;

c) the international transportation of passengers and baggage.

d) all answers are correct

3) For excisable goods for which fixed excise duty rates have been set, the tax base:

a) shall not be determined

b) shall be determined as the volume of excisable goods produced and realised in physical terms;

c) shall be determined as the value of excisable goods produced and realised based on prices excluding excise duty and value added tax, at which the producer supplies the goods in question;

d) is determined based on prices by including the amount of value added tax and excluding excise duties.

4) If a worker is provided with the salary that is lower than minimum salary during the calendar month the social tax:

a) shall not be computed;

b) is computed based on the minimum amount of salary;

c) is computed in the month following the reporting period;

d) is computed based on minimum calculation index.

5) The social contributions are:

a) obligatory payments to the budget;

b) voluntary payments to the budget;

c) obligatory payments to the State Social Insurance Fund;

d) payments of employee to the employer.

6) If an employee works less than 16 days the social tax for the last month of his working period:????

a) shall not be computed;

b) shall be computed if the amount of his remuneration exceeds the minimum salary;

c) shall be computed if the amount of his remuneration exceeds the minimum calculation index;

d) shall be computed without consideration of any terms.

7) The object of taxation of social tax for legal entity is

a) the expense of legal entity related to the employees remuneration;

b) number of workers;

c) actual salary fund;

d) average number of workers.

8) The adjustment coefficients related to means of transport is applied on:

a) cars that are produced at CIS countries;

b) lorries;

c) aircrafts;

d) cars that are used more than 10 years.

9) The tax for a car that is trusted by letter of attorney for use shall be paid by:

a) the trustee if he has the right to sell the trusted car;

b) the owner;

c) the trustee;

d) the buyer of the car that was owned by the trustee.

10) The tax on means of transport shall be paid not later than:

a) 10 April of the month following the reporting year;

b) The last day of the current year;

c) 1 October for the means of transport purchased before 1 October of the current year;

d) 10 days after state registration for the means of transport purchased before 1 October of the current year.

11) Legal entities that purchase means of transport after the tax payment deadline shall pay taxes on means of transport not later than:

a) 5 June of the current year;

b) 1 October of the current year;

c) 31 March of the year following the reporting;

d) 1 0 April of the year following the reporting.

12) The tax base for calculation of land tax is:

a) the cost of land plot;

b) the location of the land plot;

c) the area of a land plot;

d) all answers are wrong.

13) The current payments for land tax are made:

a) 15 February, 15 May, 15 August and 15 November of the current year;

b) 20 February, 20 May, 20 August and 20 November of the current year;

c) 25 February, 25 May, 25 August and 25 November of the current year;

d) 10 April, following the reporting.

14) Local representative government bodies have rights:

a) to increase particular land tax rates;

b) to reduce particular land tax rates;

c) to increase or reduce particular land tax rates;

d) to increase or reduce any land tax rates.

15) A coefficient 0.1 % of land tax is applied when the land tax amount is computed for:

a) organizations functioning at special economic zones;

b) non- commercial organization leasing land plots;

c) organization that are mainly involved in social sphere;

d) agricultural producers.

16) A natural persons that has to pay land tax:

a) Presents special tax report;

b) Presents tax report at place of his residence

c) Presents tax report not later than 1 October, current year

d) Do not present any tax report.

17) Objects of taxation of individual income tax is:

a) Addressed social aid provided from state budget;

b) Income taxable at the source of payment and income not taxable at the source of payment;

c) Salary and other payments paid by the employer to the employee;

d) Compensation for health harm;

18) Income arising from capital gains during the sale of property shall be classified as;

a) Income of employee;

b) Property income;

c) Income of entrepreneur;

d) Other income.

19) A legal entity (situated in Astana) has branches in Almaty, Karaganda, Akbtobe. The salary is accrued only in Astana because this legal entity has centralized salary fund system. Such legal entity shall pay individual income tax on the behalf of its structural divisions at the place:

a) where the head office of the organization is situated;

b) where its branches are situated;

c) of residence of workers;

d) of its registration.

20) The payers of individual income tax are:

a) Legal entities

b) Natural persons receiving their income in the Republic of Kazakhstan, individual notaries, private advocates;

c) Entities involved in gambling industry;

d) Natural persons.

21) The tax period for Individual Income Tax is:

a) Calendar month;

b) Calendar quarter;

c) Calendar year;

d) All answers are wrong.

22) The following turnover is exempt from the VAT:

a) Sale of food products;

b) Leasing of non-residential building;

c) Provision of guarantee repairs according to quality assurance contracts;

d) Sale of goods by the organization where 10% of workers are handicapped.

23) The tax period of VAT is

a) Calendar month if average VAT payments exceed the amount of 1000 times the minimum assessment index;

b) Calendar quarter if average VAT payments are less than the amount of 1000 times the minimum assessment index;

c) Calendar month;

d) Calendar quarter.

24) For the purposes of settlement of tax liability the registers of invoices of purchased and sold goods are:

a) maintained by the organizations as tax registers;

b) submitted to the tax agency as standalone declarations;

c) submitted to the tax agency as attachments to the VAT declaration;

d) all answers are wrong.

25) The following payers of value added tax shall be entitled to apply the simplified procedure for refunding excess value added tax if they have filed a value added tax declaration indicating a request to refund excess value added tax:

a) Individual entrepreneurs that export their goods;

b) a taxpayer that that have been undergoing major taxpayer monitoring for the last 12 consecutive months;

c) a taxpayer using special tax regimes;

d) all answers are wrong.

26) The payment of excise duty on retail diesel fuel trade is made:

a) at the location of gas station and oil processing plant;

b) at the location of gas station;

c) at the location of oil processing plant;

d) at the place of functioning of oil processing plant.

27) The following imported goods are exempt from excise duty:

a) excisable goods required to operate means of transport used in international transportation, during journeys and at stopping points en-route;

b) excisable goods that have become unfit for use as merchandise and materials as a result of damage sustained prior to crossing the customs border of the Republic of Kazakhstan;

c) alcoholic medical products;

d) all answers are correct.

28) If excise stamps or inventory control stamps are lost or damaged, excise duty should be paid:

a) according to the amount of declared stock unless otherwise stipulated;

b) partially depending on the types of excisable goods;

c) paid in full without consideration of any terms

d) shall not be paid

29) Alcoholic products that shall not be labeled with inventory control stamps are:

a) products imported to the Republic of Kazakhstan;

b) product that are produced and realized at retail trade;

c) products realized by bankruptcy creditor.

d) products crossing the customs border of the Republic of Kazakhstan under the “transit of goods” customs regime;

30) The following shall not be classified as payers of social tax:

a) Private notaries and advocates;

b) Workers of an individual entrepreneur;

c) Non-resident legal entities performing their activities through permanent establishment;

d) Legal entities that are non- residents;

Section II

Problem 1

Advertising agency “Svet” has the following s staff members:

1) A director with salary of 200 000 tenge;

2) An accountant with the salary 180 000 tenge;

3) A public relations manager with salary of 65 000 tenge;

4) A designer with salary of 90 000 tenge;

5) A painter with salary of 80 000 tenge;

6) Two advertising agents with salary of 60 000 tenge;

7) A driver with the salary of 50 000 tenge.

The salary was accrued for all employees according staff schedule, except painter who was on leave from April 8, 2009 to the end of month. He was paid 500 000 tenge for his working period.

In addition, at April 5, 2009 the designer wrote a letter to the management where she asked management of the company to sponsor her son’s training for the amount of 500 000 tenge. At April 17, her son was provided with the necessary amount.

Required:

Calculate the amount of social contributions and social tax to be paid to the budget for April 2009.

Problem 2

An entity has the following data for the 1^st quarter of 2009 (in thousand tenge):

1. Turnover from sale of goods -8000 tenge, including exempt turnover of 300 tenge;

2. The following information is used for the computation of the taxable turnover:

a) VAT indicated in separate line of invoices to be settled-600 tenge;

b) VAT highlighted by separate line in railway tickets -30;

c) VAT highlighted in checks that were paid by the employees. -15

3. The payer of VAT use proportional method for calculation of value added tax.

Required:
1) Determine the amount of value added tax to be paid to the budget;

2) Determine the deadline for the submission of tax declaration for the 1^st quarter.

3) Determine the tax payment deadline.

4) clarify what kind of measures shall be taken if fictitious invoices are sent.

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