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TAX3701 EXAM PACK 2025
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TAX3701 EXAM PACK 2025
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lOMoAR cPSD| 48179651Downloaded by tonnie Aredo (tonniearedo28@gmail.com)
, lOMoAR cPSD| 48179651
UNIVERSITY EXAMINATIONS
Examiner: Mr Mhlanguli Nare
Oct/Nov 2024
TAX3701
Taxation of Business Activities
100 Marks
Duration 3 Hours
This paper consists of Fourteen (14) pages including Appendix A
IMPORTANT INSTRUCTIONS:
Assumptions:
1. The VAT rate changed from 14% to 15% on 1 April 2018.
2. All persons mentioned are residents of the Republic of South Africa unless
stated otherwise.
3. SARS = South African Revenue Service.
The answering of this paper:
1. This paper consists of five (5) questions.
2. All questions must be answered.
3. Each question must be commenced on a new (separate) page.
4. All workings, where applicable, must be shown. Where an amount is subject to a
limitation, clearly indicate the application of the limitation. Where any item has a
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TAX3701
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nil effect on any tax, this must specifically be indicated, and a short reason
should
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be provided. All amounts must be rounded to the nearest Rand.
6. You are reminded that answers may NOT be written in pencil.
7. This is a closed book exam
8. Proposed timetable:
(As far as possible, try not to deviate from this timetable):
Question Topic Marks Minutes
1 Value-Added Tax 25 45
Turnover tax, taxation of a business and general
2 22 40
deduction formula
3 Normal income tax liability 35 63
4 Provisional tax 10 18
5 Dividends tax 8 14
TOTAL 100 180
Exam proctoring instructions:
1. Ensure you are connected to the internet in order to log into the Invigilator App and
scan the QR code above. If you encounter difficulty in scanning the QR code, you can
alternatively enter the Exam Access Code (86e62fa4) below the QR code to start the
invigilation.
2. The QR code is available for activation 15 minutes before the start time of the
examination and 30 minutes after the official start time of the examination.
3. Keep the Invigilator App open on your smartphone for the full duration of the
assessment. You are not allowed to minimise or leave the app during the assessment.
4. If you only have one device you may access your assessment in the application by
pressing the ‘Access Browser’ button in the top right corner of your app.
5. We recommend that you keep your smartphone on charge for the duration of the
assessment.
6. If you finish your assessment before the app timer has run out you need to press the
‘Finish Assessment’ button and follow instructions before you exit or minimise the app.
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