TAX3701 - Taxation Of Business Activities (TAX3701)
Summary
Summary TAX3701 ASSIGNMENT 2 SEMESTER 1 OF 2023 [699738]
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TAX3701 - Taxation Of Business Activities (TAX3701)
Institution
University Of South Africa (Unisa)
TAX3701 ASSIGNMENT 2 SEMESTER 1 OF 2023 []
QUESTION (40 marks)
Lebelok (Pty) Ltd (“Lebelok”) is a company that is incorporated in South Africa and operates in the automobile industry. Lebelok is in the business of manufacturing, supplying and providing maintenance services of heavy vehicl...
TAX3701 - Taxation Of Business Activities (TAX3701)
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TAX3701 ASSIGNMENT 2 OF SEMESTER 1
2023
UNIQUE CODE: 699738
, QUESTION (40 marks)
Lebelok (Pty) Ltd (“Lebelok”) is a company that is incorporated in South Africa and
operates in the automobile industry. Lebelok is in the business of manufacturing,
supplying and providing maintenance services of heavy vehicle engines. The South African
Revenue Service (SARS) approved the company’s production process as a “process of
manufacture”. The company is registered as a vendor for Value-Added Tax (VAT) purposes
making only taxable supplies. Lebelok is not a small business corporation as defined in
s12E of the Income Tax Act.
All amounts exclude VAT except if stated otherwise.
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