1.

Calculate the import & export taxes for company XYZ as followed:
a. Export 500 product A, contract FOB price is 10$/product.
b. Import 1,500 product B, contract CIF price is 20$/product.
c. Import 5,000 product C, contract FOB price is 8$/product, insurance and freight charge are
2$/product.
d. Export 10,000 product D, CIF price is 5$/product, insurance and freight charge are
5,000VND/product.
e. Import materials to process for a foreign partner as a processing contract, total value of the
shipment is 300,000,000 VND as CIF condition.

The exchange rate is 22,000VND/USD; the import and export tax rate for these products are as below:

Product Import tax rate Export tax rate

A 8% 2%
B 10% 15%
C 15% 6%
D 5% 2%
E 10% 3%
All these transactions happen in the same accounting period.

Question: Calculate the import & export taxes that company XYZ must pay?

A. Tax payable for A = 500*10*22,000*2%=

B. Tax payable for B = 1,500*20*22,000*10%

C. CIF = 8+2/5,000=

Tax payable for C =

D.

2. Company H import 3 shipments from USA as FOB condition, the freight charge for these 3 shipments
is 1,000$.
● Total value of shipment A is 18,000$, insurance for this shipment is 2% FOB price, import tax
rate for shipment A is 10%
● Shipment B has 15,000 products, price at 5$/product, insurance is 1.5% FOB price, import tax
rate for shipment B is 15%
● Shipment C has 2,000 products, price at 100$/product, insurance is 1% FOB price, import tax
rate for shipment C is 12%

Company H also signed a processing contract with a partner in India. In that, company H import
50,000kg materials with CIF price at 20,000VND/kg. According to the contract, company H must finish
5,000 products D from those materials.
Company H shipped 5,000 products for their partner, but 1,000 products D are defected and could
satisfy company H’s partner requirement, these defected products D are then sold domestically at
300,000VND/product. The import tax rate for materials is 10%, and export tax rate for products D is 3%.
Exchange rate is 22,000VND/USD. All these transactions happen in the same accounting period.

Question: Calculate the import & export taxes that company H must pay.

3. Company G import 20,000kg materials at FOB price of 7$/kg, insurance & freight charge for this
material shipment is 20$ and 135$ accordingly. The import tax rate for materials is 10%.

Company G use 15,000kg materials to produce 3,000 finished products. After that, company G export
2,500 products at FOB price of 3,000,000VND/product. The export tax rate for this product is 5%.

Company G also use 3,000kg materials to produce products with the same rate as above, these products
are sold to another company in Vietnam at the price of 2,000,000VND/product.

The exchange rate is 22,000VND/USD. All these transactions happen in the same accounting period.

Question: Calculate the import & export tax that company G must pay.