Problem #2. Individual income tax

An advertising agency “Svet” has the following staff members:

1) A director with the salary of 70 000 tenge;

2) An accountant with the salary of 45 000 tenge;

3) A driver with the salary of 45 000 tenge;

4) A painter with the salary of 80 000 tenge.

 

At April 2009, the salary was accrued for all workers.

 

At April 1, 2009 the company signed a contract with driver and rented his car for 32 000 tenge per 2 weeks;

At April 3, 2009 the painter submitted to the accounting department the court decision stating that ¼ of his income shall be withdrawn to pay alimony for the benefit of his son.

Required:

Determine the individual income tax and obligatory pension contributions for each worker.

5 marks

Problem #3 VAT.

The entity “Luch” has the following data for 2009:

Turnover from sale of goods comprised:

At January -20 mln tenge;

At February – 25 mln tenge;

At March- 18 mln tenge;

At April – 23 mln tenge;

At May 19 000 mln tenge;

At June – 24 000 mln tenge.

Required:

1) Determine if the entity shall be registered as a VAT payer. Explain your answer.

2) Determine VAT liabilities and payment deadline.

Marks

Problem #4. Property tax

At 27 August, 2009 an entity acquired a building that costs 160 mln tenge.

Required:

Determine tax liabilities of the entity related to property tax.

Marks

Teacher A.mamyrbayev

Head of Department Elubayeva Zh. M

Minutes №

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