EXCISE TAX

EXCISE TAX

1st - 3rd Grade

7 Qs

quiz-placeholder

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EXCISE TAX

EXCISE TAX

Assessment

Quiz

Other

1st - 3rd Grade

Medium

Created by

Nhật Phạm

Used 27+ times

FREE Resource

7 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Which of the following is a characteristic of the Excise Tax?

Excise taxes are primarily for low-earn customers.

Excise Tax is a direct tax.

The application of high excise tax rates is to regulate the production and use of these goods and services.

Specifically, goods and services subject to excise tax are levied twice at the stage of production, import of goods or business of services

2.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Which of the following services is not subject to excise tax?

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3.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

The aim of establishing excise tax is to:

Regulate social production and consumption as well as imports.

Fund infrastructure maintenance at some goods.

Balance price between export products and import products.

Control the amount of high value products imported in domestic market

4.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

According to excise tax policy, when is the time for determination of service’s excise tax? 

The time of earning revenue is the time of transferring the right to own or use the goods to the buyer, whether the payment is collected or not.3

The time of earning revenue is the time of completion of service provision or issuance of the invoice for service provision buyer, whether the payment is collected or not.

Time of registration of the customs declaration

None of them are correct

5.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Excise taxes are different from sales tax in two important ways. One of them is…

  Sales tax is charged as a percentage of the purchase price. An excise tax is usually a fixed amount added to the price

Sales tax is charged only on specific goods while excise tax can apply to most things a person might buy

Excise tax is a direct tax while sales tax is not

Sales tax has much more tax rates than excise taxes

6.

MULTIPLE CHOICE QUESTION

20 sec • 1 pt

Excise taxpayers may have the paid tax amounts refunded in the following cases:

Goods which are raw materials imported but not for export production and processing

Finalization of underpaid tax amounts

Goods temporarily imported for re-export

Goods are not allowed to import due to paper’s problems

7.

MULTIPLE CHOICE QUESTION

10 sec • 1 pt

Which of the following products is subject to excise tax?

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