This quiz works best with JavaScript enabled. Home > Finance > Taxation > Tax Planning > Tax Planning – Quiz 6 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Tax Planning Quiz 6 (30 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Emma sells 250 shares in D Ltd to Joan for £ 3 per share on 12 December 2023. Calculate the stamp duty due and who pays it. A) £ 4 payable by Emma. B) £ 4 payable by Joan. C) £ 3 payable by Joan. D) £ nil. Show Answer Correct Answer: D) £ nil. 2. Tax-planning activities take advantages of which of the following? A) Tax loopholes. B) Tax evasion. C) Tax deferral. D) Tax loophole and tax deferral. Show Answer Correct Answer: D) Tax loophole and tax deferral. 3. ....is a business that is owned, either partially or completely, by another company. A) Holding company. B) Subsidiary company. Show Answer Correct Answer: B) Subsidiary company. 4. How do taxes influence investment returns? A) They double returns. B) They have no impact. C) They reduce returns. D) They increase returns. Show Answer Correct Answer: B) They have no impact. 5. Form of organisation are A) Partnership Firm or Limited liability Partnership. B) Sole proprietor. C) Company form an organization. D) All the above. Show Answer Correct Answer: D) All the above. 6. ..... is the analysis of a financial situation A) Tax planning. B) Tax management. C) Both a & b. D) None of the above. Show Answer Correct Answer: A) Tax planning. 7. Bambang Eko is an employee at the PT Candra Kirana company, married without children, earning a month's salary of IDR 8, 000, 000.00. PT Candra Kirana participates in the BPJS Employment program, Work Accident Insurance premiums and Death Insurance premiums are paid by the employer at 0.50% and 0.30% of salary respectively. PT Candra Kirana covers monthly Old Age Security contributions of 3.70% of salary while Bambang Eko pays Old Age Security contributions of 2.00% of monthly salary. Apart from that, PT Candra Kirana also participates in a pension program for its employees. PT Candra Kirana pays pension contributions for Bambang Eko to a pension fund, the establishment of which has been approved by the Minister of Finance, every month in the amount of Rp. 200, 000.00, while Bambang Eko pays pension contributions of Rp. 100, 000.00. In July 2016 Bambang Eko only received payment in the form of salary. So the amount of JHT contribution costs that can be deducted is? A) 200rb borne by the employer. B) 2% of salary covered by the company. C) 2% Salary borne by Officers. D) 100rb borne by the Officer. Show Answer Correct Answer: C) 2% Salary borne by Officers. 8. Checking procedures carried out on the number of vehicle rentals on the Corporate Income Tax SPT, including equalization of: A) Equalization of Corporate SPT with SPT PPh Article 26. B) Equalization of Corporate SPT with SPT PPh Article 23. C) Equalization of Corporate SPT with SPT PPh Article 22. D) Equalization of Corporate SPT with Income Tax SPT Article 4 (2). Show Answer Correct Answer: B) Equalization of Corporate SPT with SPT PPh Article 23. 9. 5-What percentage of amalgamation expense is allowed as a deduction in successive year. A) 20%. B) 40%. C) 30%. D) 10%. Show Answer Correct Answer: A) 20%. 10. The first aspect of setting up of new business entity is deciding the ..... A) Form of organisation. B) Output. C) Nature. D) Location. Show Answer Correct Answer: A) Form of organisation. 11. What is the general rate for Sales Tax and Service Tax (SST)? A) Sales Tax-5%Service Tax-6%. B) Sales Tax-10%Service Tax-5%. C) Sales Tax-5%Service Tax-10%. D) None of above. Show Answer Correct Answer: A) Sales Tax-5%Service Tax-6%. 12. What is the treatment for Article 26 PPh rates? A) Income Tax Article 26 of 20% is not final in the case of individuals as foreign taxpayers. B) Income Tax Article 26 of 30% is not final in the event that an individual as a foreign taxpayer changes status to become a domestic taxpayer. C) The PPh Article 26 rate is 30% (twenty percent) and is final, applied to gross income received or obtained as compensation for work, services and activities carried out by individuals with foreign Tax Subject status, taking into account the provisions of the Double Taxation Avoidance Agreement. applicable between the Republic of Indonesia and the country of domicile of the foreign Tax Subject. D) The PPh Article 26 rate is 20% (twenty percent) and is final, applied to gross income received or obtained as compensation for work, services and activities carried out by individuals with foreign Tax Subject status, taking into account the provisions of the Double Taxation Avoidance Agreement. applicable between the Republic of Indonesia and the country of domicile of the foreign Tax Subject. Show Answer Correct Answer: D) The PPh Article 26 rate is 20% (twenty percent) and is final, applied to gross income received or obtained as compensation for work, services and activities carried out by individuals with foreign Tax Subject status, taking into account the provisions of the Double Taxation Avoidance Agreement. applicable between the Republic of Indonesia and the country of domicile of the foreign Tax Subject. 13. This statement is correct A) The difference in Equalization of PPh 23 occurs because there is a purchase of materials. B) Differences in Equalization of PPh 4 (2) occur due to differences in rental costs and service charges. C) Differences in Equalization of PPh 21 occur due to PPh 21 Objects that have been reported. D) The difference in Equalization of Turnover occurs because the VAT and Corporate Income Tax turnovers are the same. Show Answer Correct Answer: A) The difference in Equalization of PPh 23 occurs because there is a purchase of materials. 14. 10-Which of the following is an objective of tax management? A) Productive investment. B) Minimize litigation. C) Healthy growth of economy. D) Compliance with legal formalities. Show Answer Correct Answer: D) Compliance with legal formalities. 15. Types of tax planning are A) Short-range and long-range tax planning. B) Permissive tax planning. C) Purposive tax planning. D) All the above. Show Answer Correct Answer: D) All the above. 16. Regarding the obligation to report income tax that has been withheld and paid, there are sanctions if the report is late, the amount of the sanction is: A) Rp. 200.000. B) 2% of tax debt. C) Rp. 100.000. D) 2% of underpayment. Show Answer Correct Answer: C) Rp. 100.000. 17. Income that is deducted from PPh Article 21 and/or PPh Article 26 except..... A) Income received or obtained by pension recipients regularly in the form of pension money or similar income. B) Income of non-permanent employees or casual workers, in the form of daily wages, weekly wages, piece wages, piece wages or wages paid monthly. C) Income in the form of production services, bonuses, gratuities, bonuses or other regular rewards received or received by former employees. D) Income received or earned by Permanent Employees, whether in the form of Regular or Irregular Income. Show Answer Correct Answer: C) Income in the form of production services, bonuses, gratuities, bonuses or other regular rewards received or received by former employees. 18. Any amount distributed among family members of HUF is totally ..... in the hand of family member because doubled taxation is not allowed. A) Taxable. B) Chargeable. C) Exempted. D) None of the above. Show Answer Correct Answer: C) Exempted. 19. Taxation System with Withholding Tax is a system of withholding or collection (Pot-put) where third parties, both WP-OP and WP-Domestic Agency, are entrusted by statutory regulations to carry out the obligation to withhold or collect tax on income paid to income recipients ..... A) Correct. B) Salah. Show Answer Correct Answer: A) Correct. 20. For companies that are still suffering losses, what will you get from giving in kind and enjoyment (benefit in kind)? A) Doesn't have any impact. B) Increase PPh article 21. C) Corporate income tax becomes non-zero. D) Reduce Income Tax Article 21. Show Answer Correct Answer: D) Reduce Income Tax Article 21. 21. Craig bought his first residential property in March 2024 for £ 240, 000. How much LBTT is payable? A) £ 4, 800. B) £ 1, 300. C) £ nil. D) £ 1, 900. Show Answer Correct Answer: B) £ 1, 300. 22. There are 2 focuses in planning Potput Income Tax, including: A) As Mandatory Deductor & Paying Party. B) As Mandatory withholding and Party being withheld. C) As mandatory withholding and reporting party. D) As the Obligor to cut and the party who cuts. Show Answer Correct Answer: B) As Mandatory withholding and Party being withheld. 23. The chairman of bpupki is A) Muhammad even. B) R.P SOeroso. C) Robert Pakpahan. D) Radjiman wedyodiningrat. Show Answer Correct Answer: D) Radjiman wedyodiningrat. 24. Submission of BKP/JKP where VAT is collected at a certain amount of cfm. Article 9A paragraph (1) of the VAT Law by PKP who submits BKP/JKP has a Tax Invoice Code..... A) 05. B) 09. C) 07. D) 06. Show Answer Correct Answer: A) 05. 25. There are ..... stages in the imposition of tax by the government. A) Two. B) Four. C) Three. D) One. Show Answer Correct Answer: C) Three. 26. Dokuritsu Junbi Inkai = ..... A) Ppkkli. B) Bpupki. C) Your father is pki. D) Ppki. Show Answer Correct Answer: D) Ppki. 27. Which of the following deduction is not applicable on company A) 80 IB. B) 80 P. C) 80 G. D) 80 GGB. Show Answer Correct Answer: B) 80 P. 28. Not included in the definition of income deducted by PPh Article 21..... A) Compensation to activity participants, including pocket money, representation money, meeting money, honorarium, prizes or awards in any name and in any form, and similar compensation in any name;. B) Income of non-permanent employees or casual workers, in the form of daily wages, weekly wages, piece wages, piece wages or wages paid monthly. C) Pension contributions paid to a pension fund whose establishment has been approved by the Minister of Finance, old-age allowance contributions or old-age security contributions to the old-age benefit administering body or workers' social security administering body paid by the employer. D) Income in the form of production services, bonuses, gratuities, bonuses or other irregular rewards received or earned by former employees. Show Answer Correct Answer: C) Pension contributions paid to a pension fund whose establishment has been approved by the Minister of Finance, old-age allowance contributions or old-age security contributions to the old-age benefit administering body or workers' social security administering body paid by the employer. 29. Business asset disposal relief can only be claimed once during an individual's lifetime A) True. B) False. Show Answer Correct Answer: B) False. 30. Postponement of VAT Payment by PKP Seller is carried out in cases where? A) Payment of the VAT Bill by the Buyer's PKP is known. B) PKP Buyers pay bills including VAT before Invoice and FP. C) Payment of VAT Bills by PKP Buyer is not yet known. D) The Buyer's PKP covers the Seller's PKP VAT payment. Show Answer Correct Answer: C) Payment of VAT Bills by PKP Buyer is not yet known. ← PreviousNext →Related QuizzesTaxation QuizzesFinance QuizzesTax Planning Quiz 1Tax Planning Quiz 2Tax Planning Quiz 3Tax Planning Quiz 4Tax Planning Quiz 5Tax Planning Quiz 7 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books