2011年ACCA考试F4模拟试题（2）

　　Additional information:

　　In January 2009 Company A received the donation of a machine.The value added tax（VAT） invoice for the machine showed that it had cost RMB 150,000 plus VAT of RMB 20,000.No entry in respect of the donation of this machine has been recorded in the accounting system of Company A.

　　Required:

　　（i）Briefly explain the enterprise income tax（EIT） treatment of:

　　-the donated machine;and

　　-each of the items listed in Notes 1 to 3.（15 marks）

　　（ii）Calculate the correct amount of taxable profits and the enterprise income tax（EIT） payable by Company A for the year 2009.（7 marks）

　　（b）Company B is a resident enterprise,which was incorporated in the year 1990.The table below shows the taxable profits of Company B,as agreed by the tax bureau,for the years 2002 to 2009 inclusive.

　　Year 2002 2003 2004 2005 2006 2007 2008 2009

　　Taxable profits （in RMB） （900,000） 100,000 （300,000） 100,000 100,000 200,000 （100,000） 850,000

　　Required:

　　（i）Briefly explain the tax treatment of losses,including the period for the offset of losses;（2 marks）

　　（ii）State,giving reasons,how much enterprise income tax（EIT）will be payable by Company B for each of the years 2008 and 2009.（4 marks）

　　（c）Define the term'resident enterprise'for the purposes of enterprise income tax（EIT）and state the differences in the scope of the assessment of EIT for resident and non-resident enterprises.（7 marks）

　　（35 marks）

　　2（a）Mr Zhang,a Chinese citizen,is a University professor.He had the following income for the month of January 2009:

　　（1）Monthly employment income of RMB 18,000 and a bonus for the year 2008 of RMB 12,000.

　　（2）Income of RMB 18,000 for publishing a book on 6 January 2009.One of the chapters of the book was published in a magazine as a four-day series commencing on 19 January 2009 for which Mr Zhang received income of RMB 1,000 per day.

　　（3）A net gain of RMB 12,000 from trading in the A-shares market.

　　（4）Income of RMB 4,800 for giving four separate seminars for Enterprise X.

　　（5）A translation fee of RMB 5,200 from a media publisher.

　　（6）Received RMB 300,000 from the sale of the property（50 square metres）that he had lived in for six years.Mr Zhang had acquired the property for RMB 180,000.

　　（7）Gross interest income of RMB 6,000 from a bank deposit.

　　（8）Received RMB 11,000 as insurance compensation.

　　Required:

　　Calculate the individual income tax（IIT）payable（if any）by Mr Zhang on each of his items of income for the month of January 2009,clearly identifying any item which is tax exempt.（10 marks）

　　（b）Mr Smith,who is a UK national,is employed by a UK construction company to work in Shanghai on a project that will last for a period of 18 consecutive months.

　　Required:

　　（i）State,giving reasons,whether Mr Smith will be a resident taxpayer or a non-resident taxpayer in the PRC and the scope of his individual income tax（IIT）assessment;（2 marks）

　　（ii）List any THREE fringe benefits that can be provided to Mr Smith that will not be subject to individual income tax（IIT）in China;（3 marks）

　　（iii）Briefly explain the requirements for the reporting and payment of the individual income tax（IIT）due for Mr Smith if he is paid RMB 30,000 per month.（5 marks）

　　（20 marks）