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TAX3701 EXAM PACK 2025 {DETAILED QUESTIONS AND ANSWERS }
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TAX3701 EXAM PACK 2025 {DETAILED QUESTIONS AND ANSWERS }
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lOMoAR cPSD| 48243012Downloaded by Master vincent (vincentmulei2020@GMAIL.COM)
, lOMoAR cPSD| 48243012
UNIVERSITY EXAMINATIONS
Examiner: Mr Mhlanguli Nare
Oct/Nov 2024
TAX3701
Taxation of Business Activities
100 Marks
Duration 3 Hours
Downloaded by Master vincent (vincentmulei2020@GMAIL.COM)
, lOMoAR cPSD| 48243012
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TAX3701
Oct/Nov 2024
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 nil effect on any tax, this must
specifically be indicated, and a short reason should
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TAX3701
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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
2 22 40
and general 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.
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