F6 Rus Mock Exam Questions
MT1 (questions), v. 1. June 2013
F6 (RUS) Monitoring Test 1 (50 marks, 1 ½ hour)
The following tax rates and allowance are to be used in answering the questions unless the question directly states otherwise: Personal and children allowances Children allowance 1,400 RR or 3,000 RR for the 3-d and subsequent child (up to 280,000)
General limitation on “housing” allowance Investments in residential property (apartments) for tax purposes Statutory exclusions from taxable income Prizes and awards Gifts at work Gains on property sales: immovable property movable property 1,000,000 RR (upper limit) 250,000 RR (upper limit) 4,000 RR (upper limit) 4,000 RR (upper limit) 2,000,000 RR (upper limit)
Social deduction (in total for all 4 types of deductions) 120,000 RR (upper limit ) including: Medical deduction Educational deduction (own) Non-state pension security deduction Additional pension payments as “nakopitelnay” part of labour pension Charity deduction Combined Social Insurance Contributions rates up to 512,000 RR from 512,001 RR Advertising expenses limits for profits tax purposes For advertising in mass media, light boxes, street boards, unlimited participation in fairs, brochures, catalogues, cost of advertising samples 1% of sales Other advertising expenses Per diem allowance on business trips for PIT within Russia abroad Limitation on business entertainment 700 RR per day 2,500 RR (any country) 4% of labour costs 30 % 10 % 25% (maximum percentage)
© Sergei Molchanov, www.acca.molchanov.biz
1
MT1 (questions), v. 1. December 2012
Limitations on deductible interest for CPT Interest on loans in foreign currency 15%
Immediate write-off on fixed assets for CPT purposes 30% (10%) Limit on interest payments made by companies in favour of their employees
limit for CPT Central Bank Refinancing Rates 1 January – 30 June 1 July – 31 December Number of days in calendar months January February March April May June July August September October
F6 (RUS) Monitoring Test 1 (50 marks, 1 ½ hour)
The following tax rates and allowance are to be used in answering the questions unless the question directly states otherwise: Personal and children allowances Children allowance 1,400 RR or 3,000 RR for the 3-d and subsequent child (up to 280,000)
General limitation on “housing” allowance Investments in residential property (apartments) for tax purposes Statutory exclusions from taxable income Prizes and awards Gifts at work Gains on property sales: immovable property movable property 1,000,000 RR (upper limit) 250,000 RR (upper limit) 4,000 RR (upper limit) 4,000 RR (upper limit) 2,000,000 RR (upper limit)
Social deduction (in total for all 4 types of deductions) 120,000 RR (upper limit ) including: Medical deduction Educational deduction (own) Non-state pension security deduction Additional pension payments as “nakopitelnay” part of labour pension Charity deduction Combined Social Insurance Contributions rates up to 512,000 RR from 512,001 RR Advertising expenses limits for profits tax purposes For advertising in mass media, light boxes, street boards, unlimited participation in fairs, brochures, catalogues, cost of advertising samples 1% of sales Other advertising expenses Per diem allowance on business trips for PIT within Russia abroad Limitation on business entertainment 700 RR per day 2,500 RR (any country) 4% of labour costs 30 % 10 % 25% (maximum percentage)
© Sergei Molchanov, www.acca.molchanov.biz
1
MT1 (questions), v. 1. December 2012
Limitations on deductible interest for CPT Interest on loans in foreign currency 15%
Immediate write-off on fixed assets for CPT purposes 30% (10%) Limit on interest payments made by companies in favour of their employees
limit for CPT Central Bank Refinancing Rates 1 January – 30 June 1 July – 31 December Number of days in calendar months January February March April May June July August September October