This quiz works best with JavaScript enabled. Home > Taxation > Tax Planning > Tax Planning – Quiz 10 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Tax Planning Quiz 10 (13 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. 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. 2. ..... focuses efficientadministration of tax procedures and minimization of tax liability through eligibleschemes. A) Tax planning. B) Tax management. C) Both a & b. D) None of the above. Show Answer Correct Answer: C) Both a & b. 3. 5-Section 115JB relates to ..... A) Securities Transaction Tax. B) Maximum Alternative Tax. C) Minimum Alternative Tax. D) Surcharge. Show Answer Correct Answer: C) Minimum Alternative Tax. 4. Following are the area of tax management A) Collection of tax at source. B) Audit of books of accounts. C) Furnishing the return of income. D) All the above. Show Answer Correct Answer: D) All the above. 5. What is the rate for self-employment income for non-resident residuals. A) 15%. B) 10%. C) 30%. D) 20%. Show Answer Correct Answer: C) 30%. 6. What qualifies for medical relief? A) Medical expenses that are necessary for the treatment of diseases. B) Medical expenses for cosmetic surgery. C) Medical expenses for a spa treatment. D) Medical expenses for a vacation. Show Answer Correct Answer: A) Medical expenses that are necessary for the treatment of diseases. 7. An individual disposing of shares in an unlisted trading company must be an officer or employee of the company in order to qualify for Investors' relief A) True. B) False. Show Answer Correct Answer: B) False. 8. 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. PPh Article 21 Bambang Eko a month (before Gross Up)? A) 150.037, 00. B) 140.037, 00. C) 160.037, 00. D) 130.037, 00. Show Answer Correct Answer: B) 140.037, 00. 9. ..... refers to a situation where a person tries to reduce his tax liability bydeliberately suppressing the income. A) Tax planning. B) Tax evasion. C) Tax management. D) Tax avoidance. Show Answer Correct Answer: B) Tax evasion. 10. 1-Using the loopholes of law to reduce tax is known as A) Tax evasion. B) Tax planning. C) Tax avoidance. D) Tax management. Show Answer Correct Answer: C) Tax avoidance. 11. What is not a characteristic of VAT is A) Indirect Taxes. B) Subjective Tax. C) Domestic Consumption. D) Single Rate. Show Answer Correct Answer: B) Subjective Tax. 12. Transfer of asset with the purpose to reduce the tax liability is the case of A) Tax planning. B) Tax evasion. C) Tax management. D) Tax avoidance. Show Answer Correct Answer: D) Tax avoidance. 13. ..... is an important consideration guiding the choice of a legal form ofbusiness organisation. A) Tax return. B) Tax avoidance. C) Tax liability. D) None of the above. Show Answer Correct Answer: C) Tax liability. ← PreviousRelated QuizzesTaxation QuizzesTax Planning Quiz 1Tax Planning Quiz 2Tax Planning Quiz 3Tax Planning Quiz 4Tax Planning Quiz 5Tax Planning Quiz 6Tax Planning Quiz 7Tax Planning Quiz 8Tax Planning Quiz 9 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books