Problem #1. Corporate income tax. 1. The mineral extraction tax is not paid when

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Final Exam

Variant I

Section 1

1. The mineral extraction tax is not paid when:

a) State entities extract underground water for their own needs;

b) natural gas reinjected into the subsoil;

c) a and b are correct answers;

d) all answers are wrong.

2. The tax period of the mineral extraction tax is:

a) period determined by the contract

b) Calendar month;

c) Calendar quarter;

d) Calendar year;

3. Special tax regime for subjects of small business shall not be applied by:

a) Payers of VAT;

b) Subsoil users;

c) Individual entrepreneurs hiring employees;

d) Organization providing transportation services;

4. Special tax regime based on the patent might be applied by individual entrepreneurs if:

a) their income for the tax period does not exceed 200 times the minimum salary set by the law on the state budget for the relevant financial year and they do not hire employees;

b) the maximum number of their payrolled employees for a tax period is 25, including the individual entrepreneur;

c) they are not registered as VAT payers;

d) the maximum number of their payrolled employees for a tax period is 50, including the individual entrepreneur;

5. When special tax regime is applied on farm and farm holding, the following tax base is used for computation of taxes:

a) unified land tax;

b) assessed value of land plot;

c) assessed value of property;

d) aggregate annual income.

Special tax regime shall not be applied by legal entities

a) whose aggregate annual income exceeds 25 mln tenge for the tax period;

b) legal entities with subsidiaries and structural subdivisions;

c) processing their own agricultural products;

d) all answers are wrong;

7. Simplified declaration special tax regime for subjects of small businesses might be applied by legal entities meeting the following requirements:

a) the maximum number of payrolled employees for a tax period is 25, including the individual entrepreneur and maximum income for a tax period is 10,000,000 tenge;

b) income for the tax period does not exceed 200 times the minimum salary set by the law on the state budget for the relevant financial year;

c) the maximum number of payrolled employees for a tax period is 50, including the individual entrepreneur;

d) entity shall not be registered as a VAT payer;

8. The payment of CIT at the end of the tax period shall be made not later than:

a) 10 calendar days following the reporting period;

b) within 10 calendar days after the filing deadline of CIT declaration;

c) 10 working days following the reporting period;

d) 15 working days following the reporting period;

9. Payers of CIT are:

a) Resident legal entities that have losses at the end of the tax period;

b) Resident legal entities applying special tax regimes;

c) Legal entities whose aggregate annual income after adjustments for the tax period preceding the previous tax period, did not exceed 325,000 times the monthly calculation index set by the law on the state budget for the relevant financial year;

d) All answers are correct

10. The following shall not be classified as deductions of business trip compensation:

a) per diems of up to 4 times minimum calculation index, not taxed by individual income tax at the source of payment;

b) Actual traveling expenses;

c) Accommodation expenses;

d) The amount exceeding 6 times the monthly calculation index per diems.

Marks

Section 2

Problem #1. Corporate income tax

The entity “April” has the following data:

1. Aggregate annual income for 2007 comprises 400 mln. tenge.

2. The adjustment of aggregate annual income for 2007 comprised 60 mln. tenge