lOMoAR cPSD| 32110785
TAX3701
May/Jun 2025
1
Downloaded by Vincent Cosmas
()
, lOMoAR cPSD| 32110785
TAX3701
May/Jun 2025
UNIVERSITY EXAMINATIONS
Examiner: Ms Simphiwe Mili
May/Jun 2025
TAX3701
Taxation of Business Activities
100 Marks
Duration 3 Hours
This paper consists of eleven (11)
pages. IMPORTANT INSTRUCTIONS:
Assumptions:
1. The VAT rate changed from 14% to 15% on 1 April 2018.
2. All persons mentioned are residents of the Republic of South
Africa unless stated otherwise.
3. SARS = South African Revenue Service.
2
Downloaded by Vincent Cosmas ()
, lOMoAR cPSD| 32110785
TAX3701
May/Jun 2025
The answering of this paper:
1. This paper consists of four (4) questions.
2. All questions must be answered.
3. Each question must be commenced on a new (separate) page.
4. All workings, where applicable, must be shown. Where an
amount is subject to a limitation, clearly indicate the
application of the limitation. Where any item has a nil effect
on any tax, this must specifically be indicated, and a short
reason should be provided. All amounts must be rounded to
the nearest Rand.
5. Please complete the cover page of the answer book in full.
6. You are reminded that answers may NOT be written in pencil.
7. Proposed timetable:
(As far as possible, try not to deviate from this timetable):
Question Topic Marks Minutes
1 Value-Added Tax 30 54
2 Normal income tax liability 50 90
3 Provisional tax 10 18
4 General deduction 10 18
TOTAL 100 180
Exam proctoring instructions:
3
Downloaded by Vincent Cosmas
()
, lOMoAR cPSD| 32110785
TAX3701
May/Jun 2025
1. Ensure you are connected to the internet in order to log
into the Invigilator App and scan the QR code above. If you
encounter difficulty in scanning the QR code, you can
alternatively enter the Exam Access Code (c80c1f88 ) below
the QR code to start the invigilation.
2. The QR code is available for activation 15 minutes
before the start time of the examination and 30 minutes after
the official start time of the examination.
3. Keep the Invigilator App open on your smartphone for
the full duration of the assessment. You are not allowed to
minimise or leave the app during the assessment. 4. If you
only have one device you may access your assessment in the
application by pressing the ‘Access Browser’ button in the
top right corner of your app.
5. We recommend that you keep your smartphone on charge for
the duration of the assessment.
6. If you finish your assessment before the app timer has run out
you need to press the
‘Finish Assessment’ button and follow instructions before you exit
or minimise the app.
4
Downloaded by Vincent Cosmas ()
TAX3701
May/Jun 2025
1
Downloaded by Vincent Cosmas
()
, lOMoAR cPSD| 32110785
TAX3701
May/Jun 2025
UNIVERSITY EXAMINATIONS
Examiner: Ms Simphiwe Mili
May/Jun 2025
TAX3701
Taxation of Business Activities
100 Marks
Duration 3 Hours
This paper consists of eleven (11)
pages. IMPORTANT INSTRUCTIONS:
Assumptions:
1. The VAT rate changed from 14% to 15% on 1 April 2018.
2. All persons mentioned are residents of the Republic of South
Africa unless stated otherwise.
3. SARS = South African Revenue Service.
2
Downloaded by Vincent Cosmas ()
, lOMoAR cPSD| 32110785
TAX3701
May/Jun 2025
The answering of this paper:
1. This paper consists of four (4) questions.
2. All questions must be answered.
3. Each question must be commenced on a new (separate) page.
4. All workings, where applicable, must be shown. Where an
amount is subject to a limitation, clearly indicate the
application of the limitation. Where any item has a nil effect
on any tax, this must specifically be indicated, and a short
reason should be provided. All amounts must be rounded to
the nearest Rand.
5. Please complete the cover page of the answer book in full.
6. You are reminded that answers may NOT be written in pencil.
7. Proposed timetable:
(As far as possible, try not to deviate from this timetable):
Question Topic Marks Minutes
1 Value-Added Tax 30 54
2 Normal income tax liability 50 90
3 Provisional tax 10 18
4 General deduction 10 18
TOTAL 100 180
Exam proctoring instructions:
3
Downloaded by Vincent Cosmas
()
, lOMoAR cPSD| 32110785
TAX3701
May/Jun 2025
1. Ensure you are connected to the internet in order to log
into the Invigilator App and scan the QR code above. If you
encounter difficulty in scanning the QR code, you can
alternatively enter the Exam Access Code (c80c1f88 ) below
the QR code to start the invigilation.
2. The QR code is available for activation 15 minutes
before the start time of the examination and 30 minutes after
the official start time of the examination.
3. Keep the Invigilator App open on your smartphone for
the full duration of the assessment. You are not allowed to
minimise or leave the app during the assessment. 4. If you
only have one device you may access your assessment in the
application by pressing the ‘Access Browser’ button in the
top right corner of your app.
5. We recommend that you keep your smartphone on charge for
the duration of the assessment.
6. If you finish your assessment before the app timer has run out
you need to press the
‘Finish Assessment’ button and follow instructions before you exit
or minimise the app.
4
Downloaded by Vincent Cosmas ()
