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Questions for Assignment 5 of TAX2601 for 2023 1st semester
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This document contains the questions ONLY for Assignment 5 of TAX2601 for 2023 in the 1st semester.
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Principles of TaxationTAX2601
2023 Semester 1
ASSESSMENT 5 – QUESTIONS
The due date for this assessment is 15 May 2023.
The assessment covers learning units 4 – 6 of the learning material.
, TAX2601/2023/Semester 1/Assessment 5
_______________________________________________________________________________________
Instructions when answering the questions:
• You may write or type your answers, however, it must be uploaded on myUnisa as ONE document in a .pdf
format.
• Please read the instructions in par 4.3 of the Orientation document regarding the requirements for pdf
documents.
• You must SUBMIT YOUR ANSWERS TO ALL THE QUESTIONS, however, only selected questions /
parts of questions will be marked. The unmarked questions will be for self-assessment (for which solutions
will be provided).
• Start each question on a new (separate) page and number the questions clearly.
• This assessment will count 25% towards your final mark.
• You are REMINDED that answers that you submit needs to be your own work as it reflects YOUR
understanding of taxation. No group efforts are allowed. If you are part of a class or tutor group,
DO NOT discuss the assessment in class – do it on your own and there will be no allegations of plagiarism.
Any indication of academic misconduct will be allocated a mark of 0% for the full assessment. Refer to par
5 of the Orientation document for a full discussion about academic dishonesty (plagiarism).
• It is best to not wait until the last moment to submit your answers. Rather finish the assessment a day or
two before the due date and time and submit it earlier. This will circumvent the risks of e.g. running out of
data, no electricity, system issues, etc.
Assumptions when answering the questions:
1. All amounts exclude VAT unless stated otherwise.
2. All persons mentioned are residents of the Republic of South Africa unless stated otherwise.
3. SARS = South African Revenue Service
4. Show all workings, where applicable. Where an amount is subject to a limitation, clearly indicate the
application of the limitation. Where any item is not taxable or not allowable as a deduction, this must be
indicated, and a brief reason provided. All amounts must be rounded off to the nearest Rand.
Information pertaining to the assessment:
This assessment consists of a total of 74 marks, and is divided into three questions.
QUESTION PAGE MARKS
1 SA Metals (Pty) Ltd 3-5 30
2 Siyahamba (Pty) Ltd 5 13
3 Funky Pants (Pty) Ltd 6-7 31
TOTAL MARKS 74
2
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