(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!