TAX2601 EXAM PACK 2022
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TAX2601
EXAM PACK
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Distribution of this document is illegal
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UNIVERSITY EXAMINATIONS
Oct/Nov 2021
TAX2601
Principles of Taxation
100 Marks
Duration 2 Hours
(plus 60 minutes for upload)
This paper consists of nine (9) pages plus the annexure (p i).
IMPORTANT INSTRUCTIONS:
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
The answering of this paper:
1. This paper consists of four (4) questions.
2. Answer all the questions.
3. Start each question on a new (separate) page.
4. Write your student number on the top of each page.
5. Show all workings, where applicable. Where an amount is subject to a limitation, clearly indicate the appli-
cation 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 to the nearest Rand.
6. Proposed timetable (try as far as possible not to deviate from this timetable):
Question Topic Marks Minutes
1 Income tax liability of a company 25 30
2 Income tax liability of a small business corporation 25 30
3 Capital gains tax 25 30
4 Provisional tax payments and gross income definition 25 30
- Additional time for upload of your answer file in pdf - 60
TOTAL 100 180
[TURN OVER]
Downloaded by: lungilemasango |
Distribution of this document is illegal
written by
StudyScene
www.stuvia.com
Downloaded by: lungilemasango |
Distribution of this document is illegal
, Stuvia.com - The study-notes marketplace
TAX2601
EXAM PACK
Downloaded by: lungilemasango |
Distribution of this document is illegal
, Stuvia.com - The study-notes marketplace
UNIVERSITY EXAMINATIONS
Oct/Nov 2021
TAX2601
Principles of Taxation
100 Marks
Duration 2 Hours
(plus 60 minutes for upload)
This paper consists of nine (9) pages plus the annexure (p i).
IMPORTANT INSTRUCTIONS:
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
The answering of this paper:
1. This paper consists of four (4) questions.
2. Answer all the questions.
3. Start each question on a new (separate) page.
4. Write your student number on the top of each page.
5. Show all workings, where applicable. Where an amount is subject to a limitation, clearly indicate the appli-
cation 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 to the nearest Rand.
6. Proposed timetable (try as far as possible not to deviate from this timetable):
Question Topic Marks Minutes
1 Income tax liability of a company 25 30
2 Income tax liability of a small business corporation 25 30
3 Capital gains tax 25 30
4 Provisional tax payments and gross income definition 25 30
- Additional time for upload of your answer file in pdf - 60
TOTAL 100 180
[TURN OVER]
Downloaded by: lungilemasango |
Distribution of this document is illegal
