TAX2601
ASSI
GNMENT01SEMESTER1&2
,
, TAX2
601
/10
1
ASSI
GNME
NT1: F
IRSTSE
MESTE
R2021(
con
tin
ued
)
QUESTI
ON1
Whenin
terpr
eti
ngthewor
din
gu se
dint
heI
ncomeTa
xAc
t,t
hea
ppl
i
cat
ionoft
hec
ont
raf
is
cumr
ulema
ybe
nec
essary
.Wh atd
oesthi
sme a
n?
(
1) Th
ecou
rtwi
l
lap
plyt
hei
nte
rpr
eta
tiont
hati
smorefa v
ourabl
etoSARS.
(
2) Th
ecou
rtwi
l
lap
plyt
hei
nte
rpr
eta
tiont
hatp
lac
est hebigg
erburd
enontheta
xpaye
r.
(
3) Th
ecou
rtwi
l
lap
plyt
hei
nte
rpr
eta
tiont
hatp
lac
est hesmall
erbur
denonthet
axpay
er.
(
4) Th
ecou
rtwi
l
lap
plyt
hei
nte
rpr
eta
tiont
hati
sfai
rforbothSARSandthet
axpaye
r.
QUE
STI
ON2
I
nSou
thAf
ri
ca,
tax
pay
ersa
ret
axe
donar
esi
den
ceb
asi
s.Wh
atd
oest
hisme
an?
(
1) Al
lSouthAfri
canr
esident
saretax
payer
s.
(
2) Peopl
ea r
etaxedaccor
din
gtotheare
ainwh i
chthe
yres
ide.
(
3) Non-
resi
d e
ntsdonotpayanytaxi
nSouthAfr
ica
.
(
4) Resi
dentsaret
axe
dona lli
ncomethe
ye ar
n,f
romanywher
eint
hewor
ld.
QUE
STI
ON3
Wh
ichi
nte
rpr
eta
tionr
ule
sar
ebi
ndi
ngonSARSa
ndt
axp
aye
rs?
(
1) Bi
ndin
gc l
assrul
in
gs
(
2) Bi
ndin
gg ener
alr
uli
ngs
(
3) Theopi
nionofSARS
(
4) I
nter
pret
ati
onnotes
QUE
STI
ON4
Wh
ichon
eoft
hef
oll
owi
ngs
tat
eme
ntsi
str
uef
ort
heAl
te
rna
tiv
eDi
spu
teRe
sol
uti
onp
roc
ess
?
(
1) SARShastoaccep
tthetaxpa
yer’
sint
erpr
etat
ionthenth
edisput
ewill
ber e
solved.
(
2) Thet
axpayerha
stoacceptSARS’
sinte
rpre
tati
onthenthedi
sputewil
lberesol
ved.
(
3) SARSdoesnotkeeparegi
st
erofdis
putesset
t l
edthr
oughthi
sproce
ssa sallca
sesareuni
que.
(
4) Thepr
ocessma ybeuse
dtos et
tl
eanydisput
et ha
trel
atest
oad i
sput
eoni nte
rpre
tat
ionoff
act
s.
QUE
STI
ON5
Wh
ichon
eoft
hef
oll
owi
ngs
tat
eme
ntsi
str
uer
ela
tin
gtol
ega
lpr
ece
den
t?
(
1) Ad
eci
si
onb
yth
eHi
ghCou
rtisbi
ndi
ngont
heSupr
emeCourtofAppe
al.
(
2) Ad
eci
si
onb
yth
eTa
xCour
tisbi
ndin
gonth
eHighCou
rt.
(
3) Ad
eci
si
onb
yth
eTa
xCour
tisbi
ndin
gonth
eSupre
meCou r
tofAppeal
.
(
4) Ad
eci
si
onb
yth
eSu
pre
meCou r
tofApp
eali
sbi
ndi
ngontheHighCour
t.
ASSI
GNMENT01SEMESTER1&2
,
, TAX2
601
/10
1
ASSI
GNME
NT1: F
IRSTSE
MESTE
R2021(
con
tin
ued
)
QUESTI
ON1
Whenin
terpr
eti
ngthewor
din
gu se
dint
heI
ncomeTa
xAc
t,t
hea
ppl
i
cat
ionoft
hec
ont
raf
is
cumr
ulema
ybe
nec
essary
.Wh atd
oesthi
sme a
n?
(
1) Th
ecou
rtwi
l
lap
plyt
hei
nte
rpr
eta
tiont
hati
smorefa v
ourabl
etoSARS.
(
2) Th
ecou
rtwi
l
lap
plyt
hei
nte
rpr
eta
tiont
hatp
lac
est hebigg
erburd
enontheta
xpaye
r.
(
3) Th
ecou
rtwi
l
lap
plyt
hei
nte
rpr
eta
tiont
hatp
lac
est hesmall
erbur
denonthet
axpay
er.
(
4) Th
ecou
rtwi
l
lap
plyt
hei
nte
rpr
eta
tiont
hati
sfai
rforbothSARSandthet
axpaye
r.
QUE
STI
ON2
I
nSou
thAf
ri
ca,
tax
pay
ersa
ret
axe
donar
esi
den
ceb
asi
s.Wh
atd
oest
hisme
an?
(
1) Al
lSouthAfri
canr
esident
saretax
payer
s.
(
2) Peopl
ea r
etaxedaccor
din
gtotheare
ainwh i
chthe
yres
ide.
(
3) Non-
resi
d e
ntsdonotpayanytaxi
nSouthAfr
ica
.
(
4) Resi
dentsaret
axe
dona lli
ncomethe
ye ar
n,f
romanywher
eint
hewor
ld.
QUE
STI
ON3
Wh
ichi
nte
rpr
eta
tionr
ule
sar
ebi
ndi
ngonSARSa
ndt
axp
aye
rs?
(
1) Bi
ndin
gc l
assrul
in
gs
(
2) Bi
ndin
gg ener
alr
uli
ngs
(
3) Theopi
nionofSARS
(
4) I
nter
pret
ati
onnotes
QUE
STI
ON4
Wh
ichon
eoft
hef
oll
owi
ngs
tat
eme
ntsi
str
uef
ort
heAl
te
rna
tiv
eDi
spu
teRe
sol
uti
onp
roc
ess
?
(
1) SARShastoaccep
tthetaxpa
yer’
sint
erpr
etat
ionthenth
edisput
ewill
ber e
solved.
(
2) Thet
axpayerha
stoacceptSARS’
sinte
rpre
tati
onthenthedi
sputewil
lberesol
ved.
(
3) SARSdoesnotkeeparegi
st
erofdis
putesset
t l
edthr
oughthi
sproce
ssa sallca
sesareuni
que.
(
4) Thepr
ocessma ybeuse
dtos et
tl
eanydisput
et ha
trel
atest
oad i
sput
eoni nte
rpre
tat
ionoff
act
s.
QUE
STI
ON5
Wh
ichon
eoft
hef
oll
owi
ngs
tat
eme
ntsi
str
uer
ela
tin
gtol
ega
lpr
ece
den
t?
(
1) Ad
eci
si
onb
yth
eHi
ghCou
rtisbi
ndi
ngont
heSupr
emeCourtofAppe
al.
(
2) Ad
eci
si
onb
yth
eTa
xCour
tisbi
ndin
gonth
eHighCou
rt.
(
3) Ad
eci
si
onb
yth
eTa
xCour
tisbi
ndin
gonth
eSupre
meCou r
tofAppeal
.
(
4) Ad
eci
si
onb
yth
eSu
pre
meCou r
tofApp
eali
sbi
ndi
ngontheHighCour
t.
