Silke on South African Income Tax : Being an Exposition of the Law, Practice and Incidence of Income Tax in South Africa Fourth Edition Notes

LML4804 ASSIGNMENT 1 MEMO - SEMESTER 2 - 2022 - UNISA QUESTION 1: (GROSS INCOME) 1.1 Nana (Pty) Ltd (‘Nana’) is a high street retailer in cosmetics, over-the-counter medicine, prescription medicine, and general merchandise. Nana also sells gift cards to customers which can later be redeemed for goods. Nana is concerned that sections 63 and 65 of the Consumer Protection Act 68 of 2008 (‘CPA’) specifically states that any receipt in respect of a gift card must be held in separate ‘...

LML4804 ASSIGNMENT 1 MEMO - SEMESTER 2 - 2022 - UNISA QUESTION 1: (GROSS INCOME) 1.1 Nana (Pty) Ltd (‘Nana’) is a high street retailer in cosmetics, over-the-counter medicine, prescription medicine, and general merchandise. Nana also sells gift cards to customers which can later be redeemed for goods. Nana is concerned that sections 63 and 65 of the Consumer Protection Act 68 of 2008 (‘CPA’) specifically states that any receipt in respect of a gift card must be held in separate ‘...