ALL WORKINGS SHOULD BE SHOWN.TAX RATES AND ALLOWANCESTHE FOLLOWING...

3. - ACCA F6 TAXATION VIETNAM 2011 DEC QUESTION
ACCA F6 TAXATION VIETNAM 2011 DEC QUESTION
3. All workings should be shown.TAX RATES AND ALLOWANCESThe following tax rates and allowances are to be used in answering the questionsValue added tax (VAT)Standard rate 10%Reduced rate 5%Corporate income tax (CIT)Standard rate for enterprises 25%Foreign contractor tax (FCT)Value added rates as a percentage (%) of taxable turnover: %