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TAX3701 Assignment 2 (COMPLETE ANSWERS) Semester 1 2026 - DUE 16 April 2026

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Course Taxation of Business Activities
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TAX3701 Assignment 2 (COMPLETE ANSWERS) Semester 1 2026 - DUE 16 April 2026

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TAX3701 Assignment
2 (COMPLETE
ANSWERS) Semester
1 2026 - DUE 16 April
2026
[Pick the date]

, Exam (elaborations)

TAX3701 Assignment 2 (COMPLETE
ANSWERS) Semester 1 2026 - DUE 16 April
2026
Institution
University Of South Africa (Unisa)
Course
Taxation of Business Activities (TAX3701)


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




QUESTION 2: Thabo Manufacturing (Pty) Ltd – Normal
Tax Calculation (2026 Year of Assessment)
Context:
Thabo Manufacturing (Pty) Ltd (TM) is a South African company based in Durban, South
Africa. The company manufactures a wide range of concrete products. TM:

 Is registered for VAT.
 Is not a small business corporation.
 Uses a financial year ending 31 March 2026.
 SARS has approved TM’s manufacturing process.

You are required to calculate TM’s normal income tax liability for the 2026 year of assessment.



Information Provided

1. Sales:
o Total sales amount (R …); included is R22 520 from a client who was finally
liquidated on 15 March 2026.
2. Cost of Sales:
o Opening stock (1 April 2025): R … (market value R …)
o Purchases of raw materials: R …
o Closing stock (31 March 2026): R … (market value R …)
3. Salaries and Wages:
o Total salaries and wages: R …

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