TAX3701 Assignment 2 Answers (18th October 2023) Answers are detailed with explanations. The assignment is answered according to the assignment guidelines.
TAX3701 ASSIGNMENT 2 | 18TH OCTOBER 2023
(DETAILED EXPLANATORY ANSWERS ADDED)
ACCURATE CALCULATIONS!
QUESTION 1
Calculate the normal tax liability of Tirisano
(Pty) Ltd for the year of assessment ending
on 31 March 2023. Start your answer with
the profit before tax amount of R4 103 270.
Provide brief reasons where amounts have a
nil effect on profit before tax.
Tirisano (Pty) Ltd will always elect any
option available to legally minimise
its normal tax liability.
Ignore dividends tax
TAX3701 ASSIGNMENT 1 | 18TH OCTOBER 2023
(DETAILED EXPLANATORY ANSWERS ADDED)
ACCURATE CALCULATIONS!
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 EFT, credit card or Stuvia-credit 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 this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller EducationPacks. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R50,00. You're not tied to anything after your purchase.