"Tax Law II" Daily Practice - 2021 Tax Agent Examination (3-23)

Multiple choice questions

1. Regarding the tax treatment of non-resident enterprises levying corporate income tax, which one is correct ( ).

A. Taxable income = total costs and expenses/(1 profit rate approved by the tax authority)

B. Taxable income = total income/(1-tax rate Profit rate determined by the authority)

C. If the accounting information of a non-resident enterprise is complete and can be audited and collected, the tax authority has the right to determine its taxable income

D. The tax authority determines that it is engaged in management When paying non-resident corporate income tax for services, the profit rate can be determined between 30 and 50

2. Generally speaking, the reasonable transfer pricing method that can be applied to all types of related transactions is ().

A. Comparable uncontrolled price method

B. Profit split method

C. Cost-plus method

D. Transaction Net profit method

3. For the income from investment and operation of enterprises engaged in public infrastructure projects supported by the state, the applicable corporate income tax preferential policies are ().

A. From the tax year in which the first production and operation income is obtained by the project, the enterprise income tax is exempted for the first two years, and the corporate income tax is halved in the third to fifth years.

B. Since the project obtains the income The first to third years of production and operation income are exempt from corporate income tax, and the corporate income tax is halved in the fourth to sixth years.

C. The first to third years from the project's profit-making year Exemption from corporate income tax, and a 50% reduction in corporate income tax in the 4th to 6th years

D. Exemption from corporate income tax in the 1st to 3rd years starting from the year the project is put into operation, and a 50% reduction in corporate income tax in the 4th to 6th years

4. A Chinese investment company established a subsidiary in Country A. In 2015, the dividend income received from the subsidiary was 900,000 yuan. The corporate income tax rate of Country A was 30% and the withholding income tax rate was 10%. The taxable income that should be recognized from the dividend income obtained by the investment company is ( ) million yuan.

A.90

B.142.86

C.150

D.100

5. The following Regarding the recognition time of corporate income tax taxable income, the correct one is ().

A. If the goods are sold through collection and payment, the revenue will be recognized when the collection procedures are completed.

B. If the goods are sold through advance collection, the revenue will be recognized upon receipt. The realization of revenue will be recognized when the advance payment is received

C. If the sales of goods are entrusted with consignment by paying handling fees, the realization of revenue will be recognized 180 days after the goods are sent

D. Charges for publicity media, The realization of revenue should be recognized based on the completion progress of advertising production

Reference answers and analysis

1. Answer D.

Analysis: If a non-resident enterprise cannot accurately calculate and truthfully declare its taxable income due to incomplete accounting books, incomplete information, or other reasons that are unable to accurately calculate and truthfully declare its taxable income, the tax authorities have the right to adopt the following methods to determine its taxable income:

(1) Determine taxable income based on total income:

The calculation formula is as follows: Taxable income = Total income? Profit rate approved by the tax authority

( 2) Determine taxable income based on costs and expenses:

The calculation formula is as follows: Taxable income = total costs and expenses/(1-Profit rate approved by tax authorities)? Profit rate approved by tax authorities

(3) Taxable income is determined based on the income converted from expenditures:

The calculation formula is as follows: Taxable income = total expenditures/(1-Profit approved by the tax authority rate - business tax rate)? Profit rate approved by the tax authorities

(4) The tax authorities may determine the profit rate of non-resident enterprises according to the following standards:

① Engaged in contracted engineering operations, Those engaged in design and consulting services, the profit rate is 15~30;

② Those engaged in management services, the profit rate is 30~50;

③Those engaged in other labor services or business activities other than labor services , the profit rate is not less than 15.

2. Answer A. Analysis: Generally speaking, the comparable uncontrolled price method can be applied to all types of related party transactions.

3. Answer B. Analysis: Income from investments and operations of enterprises engaged in public infrastructure projects supported by the state are exempt from corporate income tax from the first to the third year starting from the tax year in which the project obtains the first production and operation income. Corporate income tax will be halved in the sixth year.

4. Answer B. Analysis: The assessment point of this question is the credit issue of corporate income tax on overseas income. Restore the taxable income excluding income tax to the amount including tax, that is, to the amount including tax = 90/(1-10)/(1-30)=1.4286 (ten thousand yuan).

5. Answer A. Analysis: The assessment point of this question is the recognition of the time when revenue is realized. Option A: If the goods are sold through collection and payment, the revenue will be recognized when the collection procedures are completed; Option B: If the goods are sold through advance payment, the revenue will be recognized when the goods are shipped; Option C: Sales If the goods are entrusted to be sold by paying a handling fee, the revenue will be recognized when the consignment list is received; Option D: For publicity media charges, the revenue will be recognized when the relevant advertisements appear in front of the public.