2026
TAX2601
ASSIGNMENT 1 2026
DUE 24 AUGUST 2026
CALL NOW
,TAX1501 ASSIGNMENT 1 MEMO 2026
DUE 24 AUGUST 2026
QUESTION 1 - Multiple Choice Questions
Question 1: How many days does a taxpayer have to lodge an objection against
an assessment?
b. 30 business days from the date of the assessment
The Tax Administration Act provides that a taxpayer has 30 business days from the
date of the assessment to lodge an objection. The 80-day option (d) is incorrect under
current legislation.
Question 2: In South Africa, dividend tax is taxed at?
d. A fixed tax rate
Dividend tax is a flat 20% withholding tax. It is not progressive, regressive, or exempt.
Question 3: One of SARS' main functions is to...
a. Provide protection against the illegal importation and exportation of goods
SARS administers both tax and customs/excise duties, which includes protecting
borders against illegal importation and exportation.
, Question 4: In South Africa, trusts are taxed differently from individuals and
companies.
b. Trusts are taxed at a fixed tax rate
Ordinary trusts are taxed at a flat rate of 45%. Special trusts use progressive individual
rates.
Question 5: A taxpayer who is, or whose spouse or child is a person with a
disability, may claim the following AMTC.
. 33.3% of the fees paid by the taxpayer to a registered medical scheme (or similar
qualifying foreign fund) that exceeds three times the amount of the MTC to which
that taxpayer is entitled; plus 33.3% of the qualifying medical expenses paid by
the taxpayer
This is the exact s6B formula for disabled persons from the Income Tax Act and your
LU2 notes.
Question 6: Bryan may request a return through any of the following channels
except...
d. SARS commissioner
Valid channels are eFiling, SARS branch, and a registered Tax Practitioner. The SARS
Commissioner is an official, not a submission channel.
Question 7: Joe is 22 years old with taxable income R200,000. His final tax liability
is...
TAX2601
ASSIGNMENT 1 2026
DUE 24 AUGUST 2026
CALL NOW
,TAX1501 ASSIGNMENT 1 MEMO 2026
DUE 24 AUGUST 2026
QUESTION 1 - Multiple Choice Questions
Question 1: How many days does a taxpayer have to lodge an objection against
an assessment?
b. 30 business days from the date of the assessment
The Tax Administration Act provides that a taxpayer has 30 business days from the
date of the assessment to lodge an objection. The 80-day option (d) is incorrect under
current legislation.
Question 2: In South Africa, dividend tax is taxed at?
d. A fixed tax rate
Dividend tax is a flat 20% withholding tax. It is not progressive, regressive, or exempt.
Question 3: One of SARS' main functions is to...
a. Provide protection against the illegal importation and exportation of goods
SARS administers both tax and customs/excise duties, which includes protecting
borders against illegal importation and exportation.
, Question 4: In South Africa, trusts are taxed differently from individuals and
companies.
b. Trusts are taxed at a fixed tax rate
Ordinary trusts are taxed at a flat rate of 45%. Special trusts use progressive individual
rates.
Question 5: A taxpayer who is, or whose spouse or child is a person with a
disability, may claim the following AMTC.
. 33.3% of the fees paid by the taxpayer to a registered medical scheme (or similar
qualifying foreign fund) that exceeds three times the amount of the MTC to which
that taxpayer is entitled; plus 33.3% of the qualifying medical expenses paid by
the taxpayer
This is the exact s6B formula for disabled persons from the Income Tax Act and your
LU2 notes.
Question 6: Bryan may request a return through any of the following channels
except...
d. SARS commissioner
Valid channels are eFiling, SARS branch, and a registered Tax Practitioner. The SARS
Commissioner is an official, not a submission channel.
Question 7: Joe is 22 years old with taxable income R200,000. His final tax liability
is...
