Exam (elaborations)
Assignment 3 Questions and Answers 2023 TAX2601
- Institution
- University Of South Africa (Unisa)
Questions and Answers for TAX2601 Assignment 3 of 2023 1st semester
[Show more]
Seller
Follow
Content preview
Principles of TaxationTAX2601
2023 Semester 1
ASSESSMENT 3 – QUESTIONS
The due date for this assessment is 3 April 2023.
The assessment covers learning units 3 – 5 of the learning material.
, TAX2601/2023/Semester 1/Assessment 3
_______________________________________________________________________________________
Instructions when answering the questions:
• You may write or type your answers, however, it must be uploaded on myUnisa as ONE document in a .pdf
format.
• You must SUBMIT YOUR ANSWERS TO ALL THE QUESTIONS, however, only selected questions /
parts of questions will be marked. The unmarked questions will be for self-assessment (for which solutions
will be provided).
• Start each question on a new (separate) page and number the questions clearly.
• This assessment will count 20% towards your final mark.
• You are REMINDED that answers that you submit needs to be your own work as it reflects YOUR
understanding of taxation. No group efforts are allowed. If you are part of a class or tutor group,
DO NOT discuss the assessment in class – do it on your own and there will be no allegations of plagiarism.
Any indication of academic misconduct will be allocated a mark of 0% for the assessment.
• It is best to not wait until the last moment to submit your answers. Rather finish the assessment a day or
two before the due date and time and submit it earlier. This will circumvent the risks of e.g. running out of
data, no electricity, system issues, etc.
Assumptions when answering the questions:
1. All amounts exclude VAT unless stated otherwise.
2. All persons mentioned are residents of the Republic of South Africa unless stated otherwise.
3. SARS = South African Revenue Service
4. Show all workings, where applicable. 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 be indicated, and a brief reason provided. All amounts must be
rounded off to the nearest Rand.
Information pertaining to the assessment:
This assessment consists of a total of 66 marks, and is divided into four tasks.
You are a junior tax consultant at Tax Solutions (Pty) Ltd, a company providing clients with tax-related services.
You have been given the following tax-related tasks to complete:
TASK Client Page MARKS
1 RentaGeny (Pty) Ltd 3 18
2 Beach Vibes (Pty) Ltd 4 12
3 Beach Vibes (Pty) Ltd 5&6 21
4 XP (Pty Ltd 7 15
TOTAL 66
2
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 pietvdw0002. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R90,00. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67232 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now