An enterprise producing consumer products in the year of CIT calculation, the following documents are available (in monetary unit: million dong):
1. Product sales: 12,000
2. Deductible expenses declared by enterprises: 9,000. In which:
+ Depreciation of fixed assets of the garage invested and built by the enterprise
is deducted according to the prescribed regime: 50
+ Salary to be spent: 2,000, by the end of the time limit for submission of tax finalization dossiers, the actual expenditure is 1,800.
+ Paying for clothes allownace in cash: 200
+ Financing for the construction of facilities for the Academy of Finance: 850 yen
+ Expenses for advertising, marketing, meetings and receptions declared by enterprises: 1,000
The remaining expenses are deductible when determining corporate income.
3. Other incomes:
+ Income from a contract for harvesting agricultural products 100. This is the second year of income.
+ Income from domestic joint venture 1,000. This is the income received after paying tax at the capital contribution unit with the tax rate of 10%.
+ Asset lease 120, depreciation, maintenance and asset maintenance costs 30. Requirements: Calculating CIT payable in the year. Know that:
- CIT rate applicable to this enterprise: 20%.
- Expenditures of enterprises with legal invoices and documents and non-cash
payments.
- The enterprise has 150 employees.
- The enterprise does not set up a reserve fund to supplement the salary fund of the following year.
- The company has been established and operating for 10 years.