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TAX3701 Assignment 2 (COMPLETE ANSWERS) Semester 1 2026 - DUE 16 April 2026; 100% TRUSTED Complete, trusted solutions and explanations.

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TAX3701 Assignment 2 (COMPLETE ANSWERS) Semester 1 2026 - DUE 16 April 2026; 100% TRUSTED Complete, trusted solutions and explanations.

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[TYPE THE COMPANY NAME]




TAX3701 Assignment
2 (COMPLETE
ANSWERS) Semester
1 2026 - DUE 16 April
2026
NO PLAGIARISM
[Pick the date]




[Type the abstract of the document here. The abstract is typically a short summary of the contents of
the document. Type the abstract of the document here. The abstract is typically a short summary of
the contents of the document.]

, Exam (elaborations)

TAX3701 Assignment 2 (COMPLETE
ANSWERS) Semester 1 2026 - DUE 16 April
2026
TAX3701 Assignment 2 (COMPLETE ANSWERS) Semester 1 2026 - DUE 16
April 2026; 100% TRUSTED Complete, trusted solutions and explanations.


QUESTION 2: NORMAL TAX LIABILITY (2026)
Background:

Thabo Manufacturing (Pty) Ltd (TM) is a company based in Durban, South Africa. The company
manufactures a range of concrete products.

Relevant details:

 Year of assessment ends: 31 March 2026
 TM is a registered VAT vendor
 TM is not a Small Business Corporation
 All amounts exclude VAT unless otherwise stated
 SARS has approved the manufacturing process

You are required to calculate the normal income tax liability of TM for the 2026 year of
assessment using the information below.




INFORMATION
1. Sales

 Total sales: R [amount not provided]
 Included in sales:
o R22 520 for a sale made on 22 November 2025
o The customer was finally liquidated on 15 March 2026 (confirmed by attorneys)




2. Cost of Sales

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