QUESTIONS AND
ANSWERS
FOR ASSISTANCE CONTACT
EMAIL:gabrielmusyoka940@gmail.com
, lOMoARcPSD|46589353
UNIVERSITY EXAMINATIONS
Oct/Nov 2021
TAX3761
Taxation of Business Activities and Individuals
100 Marks
Duration 3 Hours
This paper consists of ten (10) pages, plus a schedule (pp i - x)
IMPORTANT INSTRUCTIONS:
Assumptions:
1. All amounts exclude Value-Added Tax (VAT) unless specifically stated otherwise.
2. The VAT rate changed from 14% to 15% on 1 April 2018.
3. All persons mentioned are residents of the Republic of South Africa unless stated otherwise.
4. SARS = South African Revenue Service.
The answering of this paper:
1. This paper consists of two questions (2) with sub-sections.
2. All questions and sub-sections 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 is exempt from tax or not
allowable as a deduction, this must specifically be indicated, and a short reason should be
provided.
5. All amounts must be rounded to the nearest Rand.
[TURN OVER]
, lOMoARcPSD|46589353
2 TAX3761
Oct / Nov 2021
The Invigilator
Day of the assessment instructions:
• Please log into The Invigilator App. You need to be connected to the internet in order to log in and
scan the QR code.
• Scan the QR code above once the examination formally commences. If you encounter difficulty
with scanning of the QR code, you can also enter the QR access code at the bottom of the QR
code in order to start the assessment.
• Once the QR code is scanned, you can place your smartphone next to you. The Invigilator App
will notify you when an action is required. Ensure your media volume Is turned up.
• You may access your MyExams in the application if you only have one device by pressing the
‘access LMS’ button.
• Please remember to keep your smartphone on charge for the duration of the assessment.
• Keep the Invigilator app open on your cell phone during the assessment. You are not allowed to
leave or minimise the application.
• When an action is required, a notification beep will be heard. Action the request.
• Please ensure you are connected to the internet to commence the examination as well as at the
end of the examination. No internet connection is needed during the assessment.
• It is important to first upload your script to the MyExams platform. Uploading of app data is not
time sensitive and you can do it after you have uploaded your script to the MyExams platform.
• It is important to note that you must adhere to the time limit in your MyExams assessment as the
invigilation time in the app could exceed the time allocated to complete your assessment.
• You can click the "Finish Assessment" button in the app if you finish early.
• Should you encounter any technical difficulty, please WhatsApp The Invigilator Helpdesk on:
073 505 8273 .
Submission instructions :
The exam paper will remain available throughout the examination session.
Commence the submission (uploading) of your answer file as soon as you have completed the
assessment, do not wait for the session to conclude.
Suggestion: Start uploading your answer file at 11:00 (3 hours after the start of the exam session)
at the latest, to allow enough time for any delays in the process.
[TURN OVER]
Downloaded by Gabriel Musyoka (gabudeking@gmail.com)
, lOMoARcPSD|46589353
3 TAX3761
Oct / Nov 2021
Your submission will be date stamped and only submissions received up to 12:00 will be marked.
You MUST submit your answers in one pdf file. The file name of your pdf document must be in the
following format: Student number, space, TAX3761. For example: 33445566 TAX3761.
Please remember to complete the Honesty Declaration (Part of file submission process below).
Follow these steps to submit your answer file.
• Go to myExams https://myexams.unisa.ac.za/portal and login with your myUnisa credentials i.e.
student number and password.
• Click on the name of the specific examination site through the site tabs on the horizontal navigation
bar.
• Click on the eAssessment tool in the left-navigation menu.
• Once the eAssessment page has loaded, Select the assessment for which you want to upload the
examination answer file by clicking on the link under the heading Assignment Title.
• ATTACH/UPLOAD ANSWER FILE
o A new page will open. Scroll down to Submission.
o Make sure all your ALL your pages are converted into a single PDF document for upload-
ing (Make sure the file is not read-only or password protected).
o Under Attachments, click the Choose File button to browse for a file.
o Once you have attached your answer file, the name of the file, as well as the file size and
upload time stamp will be displayed under Attachments.
o TIP: You may click Remove to remove the attachment if you selected the wrong file.on
your device.
• Remember to click the Honor Pledge before submission if it appears on the screen. You will not
be able to submit the assessment if the checkbox is not ticked.
• SUBMIT ANSWER FILE
o When you are ready and satisfied that you have the correct answer file, click the Submit
button to complete your assessment submission.
o TIP: If you are not yet ready to submit, click Preview to review the submission, or Save
Draft to save your submission and submit it later.
o Be sure to submit on time, before exam session ends. Click Cancel to exit the assessment
without saving or submitting.
• Once you have submitted your assessment, you will receive a confirmation message on the
screen.
• Make a screen copy for your records.
• In addition, if you have opted to receive an email notification, you will also receive an email confir-
mation of your submission.
Additional instructions:
• No emailed scripts will be accepted.
• Students are advised to preview submissions (answer scripts) to ensure legibility and that the
correct answer script file has been uploaded.
• Student are permitted to resubmit their answer scripts should their initial submission be unsatis-
factory.
• Incorrect file format and uncollated answer scripts will not be considered.
[TURN OVER]
Downloaded by Gabriel Musyoka (gabudeking@gmail.com)
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller gabrielmusyoka940. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £2.05. You're not tied to anything after your purchase.
