Bộ Đề thi Ôn luyện f6 acca phần tự luận số 3

F6 ACCA Practice Exam

Prepared for Exam Preparation

Date: 1 October 2025

1 Part 1: Questions

1.1 Question 1 (Personal Income Tax)

This scenario relates to two requirements

Mr Khoa, a 40-year-old Vietnamese citizen with one dependant, works as a free-lance photographer In 2025, he earned:

- Income from an overseas photo-sharing platform, SnapGlobal, for image licens-ing: VND2,500 million (net after 7% commission to a Vietnamese agent)

- Fees from a local event company for wedding photography: VND1,600 million (net after 10% provisional PIT deduction)

Mr Khoa incurred VND650 million in documented expenses (camera equipment, travel costs) for his photography work

He received a phantom stock award from the event company, valued at VND50 million at grant (nil market value) By 31 December 2025, the award value was VND80 million, but it was not settled

Per Vietnamese tax guidance, income from overseas digital platforms exceeding VND100 million annually is subject to 2% PIT and 5% VAT, treated as business income

(a) Explain:

- The PIT treatment of Mr Khoa’s expenses for photography work

- The party responsible for filing and paying PIT on his SnapGlobal income

(b) Calculate Mr Khoa’s taxable income, PIT liability, and remaining tax payable

(rounded to one decimal place) for 2025

1.2 Question 2 (Value Added Tax)

This scenario relates to two requirements

VTN Co, a Vietnamese beverage producer, had the following transactions in Oc-tober 2025:

1 Invoice for VND5,800 million for bottled drinks supplied to a supermarket chain (damaged in transit, costs covered by the chain’s insurance; VTN Co acted

as intermediary)

2 Invoice for USD22,000 for marketing services from a Thai agency, with VTN

Co bearing Vietnam withholding tax

3 Invoice for VND4,000 million for a staff cafeteria renovation

4 Provided promotional drinks worth VND4,800 million to a trade fair (no charge), with input VAT of VND280 million; sold at cost after one month, registered with tax authorities

All amounts exclude 10% VAT unless stated

VTN Co uses e-invoices with tax authority authentication codes

(a) For items (1) to (4), calculate creditable and non-creditable input VAT (in VND,

rounded to nearest million) and explain the treatment

(b) Explain the VAT implications if VTN Co issues a VAT invoice for promotional

drinks but later discovers the goods were partially defective

1.3 Question 3 (Corporate Income Tax)

This scenario relates to two requirements

XYZ Co, a Vietnamese construction firm, purchased a crane on 1 August 2024 for VND7,200 million (including 10% VAT), depreciated over six years (monthly, none in disposal month) In November 2025, the crane required repairs of VND1,200 million (net of VAT) Insurance covered 70% of the repair cost (excluding VAT), with 30% due to operator negligence XYZ Co did not recover this cost On 1 December 2025, the crane was sold for VND3,800 million (net of VAT) XYZ Co donated 30% of the proceeds to a qualified environmental charity and used the rest for an internal staff welfare program Accounting profits for the fiscal year ended 30 September 2025 were VND16,000 million

(a) Explain the CIT treatment for donations and internal welfare programs, and

list the FIVE types of deductible donations/sponsorships per Circular 78/2014 (as amended)

(b) Calculate the deductible and non-deductible expenses (rounded to two

deci-mals) for CIT purposes for XYZ Co in the fiscal year ended 30 September 2025

Note: List all expense items in two columns (deductible and non-deductible

against accounting profits) in your workings

1.4 Question 4 (Foreign Contractor Tax)

This scenario relates to two requirements

AppTrend Ltd, a Malaysian company with no Vietnam presence, provides a mo-bile app development platform with subscription fees It complies with Circular 80/2021 and Circular 13/2023/TT-BTC In 2025, it recorded:

Information Amount

(USD)

Payments from

- USD190,000

(Vietnam billing)

- USD80,000

(non-Vietnam

billing, Vietnam IP)

Payments outside

Vietnam (Vietnam

IP)

100,000

AppTrend Ltd plans to register and pay tax directly, with its activities treated as services

(a) Explain the tax filing and payment requirements for overseas companies

with no Vietnam permanent establishment providing digital services under Cir-cular 80/2021 and CirCir-cular 13/2023/TT-BTC, addressing:

- Acceptable methods for foreign contractor tax (FCT) filing and payment

- Tax registration and filing procedures for direct payment, and timing

- Audit obligations

- Vietnamese tax authority’s responsibilities for Double Tax Treaty relief

(b) Calculate the FCT (rounded to the nearest whole number) AppTrend Ltd must

declare and pay in 2025

1.5 Question 5 (Tax Administration)

This scenario relates to one requirement Assume today is 1 October 2025

HGT JSC, a Vietnamese logistics company, reported an accounting profit of VND20,000 million for the year ended 30 September 2025 It uses e-invoices with tax author-ity authentication codes Noted transactions:

1 Issued an e-invoice for VND4,500 million for transport services, completed by

30 September 2025, but contained an error in the buyer’s tax code, discovered after submission

2 Received an e-invoice from a supplier for VND3,200 million (excluding VAT) for fuel, but the invoice lacked the required authentication code

3 Failed to file a quarterly VAT return for Q2 2025 by the deadline (30 July 2025)

4 Incorrectly recorded a bad debt provision of VND600 million in 2024, cor-rected in 2025 after debtor insolvency

5 Paid a fine of VND150 million for late CIT payment in 2024, recorded as an expense

6 Accrued VND2,000 million for customer loyalty rewards, not yet paid

7 Received a tax audit notice for 2024 records, requiring submission by 15 Oc-tober 2025

Explain the tax administration procedures and implications for HGT JSC for items (1) to (7), including corrective actions, penalties, and compliance requirements

Note: List each item, describe the procedure, and indicate any penalties or

com-pliance obligations

1.6 Question 6 (Mixed PIT and Other Taxes)

This scenario relates to requirements (a)(i), (a)(ii), and (b) Assume today is 31 December 2025

Ms Sophie, a 35-year-old French citizen, works for GreenWave Co in Vietnam as

a renewable energy advisor from 1 April 2025 Her husband (38, Vietnamese) and son (8, student) live with her Her 2025 remuneration:

- Salary: USD320,000

- Fixed bonus: Two months’ salary, paid 1 November, pro-rata

- Performance bonus: Up to three months’ salary, paid January 2026

- Accommodation: USD4,000/month, paid to landlord

- Return air fare to France: USD2,500 per person (incurred December 2025)

Her husband, Mr Minh, a blockchain developer, developed a cryptocurrency trading platform and contributed it to CryptoNet Ltd (100%-owned), valued at VND10,000 million on 1 January 2025 On 31 December 2025, he sold 8% of Cryp-toNet Ltd for VND15,000 million A third party invested VND45,000 million for

a 25% stake CryptoNet Ltd paid Mr Minh a VND8,000 million dividend He was granted an option to sell remaining shares at VND1,500 million per 1%

(a) Calculate for Ms Sophie in 2025:

(i) Taxable and non-taxable income (USD)

(ii) PIT liability (VND million, rounded to one decimal)

Note: List all income items, show treatment, use zero (0) for non-taxable items.

(b) Describe the tax implications (PIT, CIT, or other taxes) for Mr Minh on:

- Platform contribution to CryptoNet Ltd

- Sale of CryptoNet Ltd shares

- Third-party capital contribution to CryptoNet Ltd

- Cash dividend from CryptoNet Ltd

- Option to sell shares (put option)

Note: No tax calculations required.

2 Part 2: Answers with Detailed Explanations

Note: Answers are based on 2025 Vietnamese tax regulations (Circulars, PwC,

KPMG, EY) Calculations are rounded as required Exchange rate: 24,000 VND/USD Updates may be needed post-5 September 2025

2.1 Question 1 (Personal Income Tax)

2.1.1 (a)

• PIT treatment of expenses: Mr Khoa’s VND650 million expenses for

pho-tography work are non-deductible for PIT SnapGlobal income (VND2,500 million) is taxed at a flat 2% on gross as business income from an overseas digital platform (Circular 80/2021) Event company fees (VND1,600 million net) are taxed at progressive rates as business income, but no expense de-ductions are allowed (Circular 111/2013/TT-BTC)

• Party responsible for PIT on SnapGlobal income: Mr Khoa is

responsi-ble for filing and paying the 2% PIT The Vietnamese agent (7% commis-sion) does not withhold PIT, as SnapGlobal is not registered for withhold-ing under digital economy tax rules effective 1 July 2025 Mr Khoa must self-declare via the e-tax portal

2.1.2 (b)

Taxable income:

- SnapGlobal: VND2,500 million (2% flat)

- Event company: VND1,777.78 million (VND1,600 million net after 10% with-holding of VND177.78 million), progressive rates

- Phantom stock: VND0 (not settled, taxable at settlement)

Event company (progressive):

- Income: VND1,777.78 million

- Allowances: Personal VND132 million, dependant VND52.8 million (VND4.4 million/month × 12 × 1)

- Net taxable: 1,777.78 - 132 - 52.8 = VND1,592.98 million

PIT liability:

- SnapGlobal: 2,500 × 2% = VND50 million

- Event company:

• 0–60: 3

• 60–120: 6

• 120–216: 14.4

• 216–384: 33.6

• 384–624: 60

• 624–960: 100.8

• 960–1,592.98: 632.98 × 35% = 221.54

• Total: VND439.34 million

- Total PIT: 50 + 439.34 = VND489.34 million.

- Remaining tax payable: 489.34 - 177.78 = VND311.6 million (rounded).

Explanation: SnapGlobal income is taxed at 2% on gross, with no deductions.

Event company fees use progressive rates after allowances, with no expense de-ductions Phantom stock is non-taxable until settled Provisional tax is credited

2.2 Question 2 (Value Added Tax)

2.2.1 (a)

1 Bottled drinks (VND5,800 million): Creditable: VND0 million; Non-creditable: VND580 million (10%) Explanation: Purchased for supermarket’s

insur-ance, not VTN Co’s business; non-creditable (Circular 219/2013)

2 Marketing services (USD22,000): Creditable: VND0 million; Non-creditable: VND0 million Explanation: Foreign service, no VAT invoice, FCT applies.

3 Cafeteria renovation (VND4,000 million): Creditable: VND0 million; Non-creditable: VND400 million (10%) Explanation: Employee welfare, not

business-related; non-creditable

4 Promotional drinks (VND4,800 million): Creditable: VND280 million; Non-creditable: VND0 million Explanation: Business promotion, sold at cost,

creditable

2.2.2 (b)

If VTN Co issues a VAT invoice for promotional drinks but discovers partial de-fects, it must issue an adjustment or credit note e-invoice to reduce the taxable value and VAT (Circular 219/2013) The adjustment must be registered with the tax authority via the e-tax portal, and a new authentication code is issued within

2 days The buyer must return or destroy defective goods, and VTN Co adjusts input VAT credits if previously claimed, ensuring compliance with VAT regula-tions

2.3 Question 3 (Corporate Income Tax)

2.3.1 (a)

CIT treatment for donations and welfare programs: Donations to qualified

re-cipients (e.g., environmental charities) are deductible with documentation (Cir-cular 96/2015/TT-BTC) Internal welfare programs are non-deductible unless paid through approved entities Non-qualifying expenses increase taxable income

Five types of deductible donations/sponsorships (Circular 78/2014):

1 Education (e.g., schools, scholarships)

2 Healthcare (e.g., hospitals)

3 Disaster relief (e.g., flood victims)

4 Housing for the poor

5 Study encouragement/scientific research

2.3.2 (b)

Deductible and non-deductible expenses (VND million, fiscal year 1 October

2024–30 September 2025)

Depreciation: Accounting VND1,100 (11 months × 100), tax-deductible capped at VND1,600 million (11 months × 22.22 = 244.42, non-deductible 855.58) Repairs:

VND1,200 million, 70% (840) deductible, 30% (360) non-deductible Waived com-pensation: VND360 million, non-deductible Disposal loss: VND1,750 million, non-deductible (tax recalculation) Charity donation: VND1,140 million (30% of 3,800), deductible Welfare program: VND2,660 million, non-deductible

Item AccountingDeductible

Non-Deduct.

Depreciation 1,100 244.42 855.58

Repairs 1,200 840.00 360.00

Waived comp 360 0.00 360.00

Disposal loss 1,750 0.00 1,750.00

Charity

donation 1,140 1,140.00 0.00

Welfare

program 2,660 0.00 2,660.00

Total deductible: 2,184.42

Total non-deductible: 5,985.58

Explanation: Depreciation is capped at VND1,600 million Repairs are mostly

deductible, but negligence portion is not Waived compensation is non-deductible Disposal loss is non-deductible Charity donation is deductible Welfare program

is non-deductible (internal)

2.4 Question 4 (Foreign Contractor Tax)

2.4.1 (a)

Under Circular 80/2021 and Circular 13/2023/TT-BTC, overseas companies with

no Vietnam permanent establishment providing digital services are subject to 10% FCT (5% VAT, 5% CIT)

• FCT methods: (1) Withholding by Vietnamese customer; (2) Direct

pay-ment; (3) Hybrid

• Direct payment procedures: Register via e-portal, file quarterly (due last

day of next month), pay in VND

• Audit obligations: Retain records for 10 years, provide data within 15

days

• Treaty relief: Tax authority verifies residency certificate, processes

re-funds within 40 days

2.4.2 (b)

Income: USD270,000 + USD100,000 = USD370,000.

FCT: 370,000 × 10% = USD37,000 (rounded).

Explanation: Vietnam-attributable income is taxed at 10% FCT on gross No

deductions or treaty relief assumed

2.5 Question 5 (Tax Administration)

1 E-invoice error (tax code): HGT JSC must issue a corrective e-invoice via

the e-tax portal, notifying the tax authority A new authentication code is

issued within 2 days The original is voided (Circular 78/2021) Penalty:

None if corrected promptly

2 Supplier invoice (no code): HGT JSC cannot claim input VAT without a

valid authentication code It must request the supplier to reissue a

com-pliant e-invoice Penalty: Potential disallowance of VAT credit if not

cor-rected

3 Late VAT filing: HGT JSC must file the overdue Q2 2025 VAT return imme-diately, paying any tax due Penalty: 0.03% daily interest on late tax

pay-ments, plus a fine of 10–20% of underpaid tax (Circular 105/2020/TT-BTC)

4 Bad debt correction: The 2024 non-compliant provision (VND600 million)

is deductible in 2025 due to debtor insolvency HGT JSC adjusts its 2025 CIT

return Penalty: None, as corrected in 2025.

5 Late CIT fine: The VND150 million fine is non-deductible for CIT

(Circu-lar 96/2015/TT-BTC) HGT JSC reverses the expense in its 2025 CIT return

Penalty: None additional.

6 Loyalty rewards: The VND2,000 million accrual is non-deductible until paid HGT JSC adjusts its 2025 CIT return Penalty: None, but taxable

in-come increases

7 Tax audit: HGT JSC must submit 2024 records by 15 October 2025,

includ-ing invoices, contracts, and ledgers Non-compliance may lead to fines or

estimated tax assessments Penalty: Up to VND200 million for non-compliance

(Circular 105/2020)

Explanation: Tax administration procedures ensure compliance through e-invoicing,

timely filings, and audit cooperation Errors must be corrected promptly to avoid penalties, and non-deductible expenses/fines adjust taxable income

2.6 Question 6 (Mixed PIT and Other Taxes)

2.6.1 (a)(i)

Income (USD):

- Salary: 320,000 (taxable)

- Fixed bonus: 53,333.33 (320,000 / 12 × 2 × 9/12, taxable).

- Performance bonus: 0 (taxable in 2026)

- Accommodation: 36,000 (4,000 × 9, taxable)

- Air fare: 7,500 (2,500 × 3, non-taxable)

Taxable: 409,333.33 Non-taxable: 7,500.

2.6.2 (a)(ii)

PIT liability: Resident (>183 days) Income: USD409,333.33 × 24,000 = VND9,824

million Allowances: Personal VND132 million, dependants VND105.6 million Net taxable: 9,586.4 million

PIT:

- 0–60: 3

- 60–120: 6

- 120–216: 14.4

- 216–384: 33.6

- 384–624: 60

- 624–960: 100.8

- 960–9,586.4: 3,022.04

Total: VND3,239.8 million (rounded).

Explanation: Progressive rates apply to salary, bonus, and accommodation Air

fare is exempt Performance bonus is deferred

2.6.3 (b)

Tax implications for Mr Minh:

• Platform contribution: No PIT (non-realized event, Circular 111/2013).

• Share sale: 20% PIT on gain (VND15,000 million - VND800 million = VND14,200

million)

• Third-party contribution: No tax (company-level transaction).

• Dividend: 5% PIT on VND8,000 million.

• Option: No PIT until exercised.