, TAX1501 ASSIGNMENT 1 SEMESTER 2
DUE DATE: 24 AUGUST 2026
QUESTION 1
1. How many days does a taxpayer have to lodge an objection against an assessment?
a. 15 business days from the date of the assessment
b. 30 business days from the date of the assessment
c. 60 business days from the date of the assessment
d. 80 business days from the date of the assessment
2. In South Africa, dividend tax is taxed at?
a. Progressive tax rates
b. All dividends in South Africa are exempt from tax
c. Regressive tax rates
d. A fixed tax rate
3. One of SARS' main functions is to…
a. Provide protection against the illegal importation and exportation of goods
b. Issuing passports and identification documents
c. Regulating environmental policies and standards
d. Providing healthcare services to citizens
4 In South Africa, trusts are taxed differently from individuals and companies.
a. Trusts are taxed at progressive tax rates
b. Trusts are taxed at a fixed tax rate
c. Trusts are exempt from taxation
d. Trusts are taxed at 20%
DUE DATE: 24 AUGUST 2026
QUESTION 1
1. How many days does a taxpayer have to lodge an objection against an assessment?
a. 15 business days from the date of the assessment
b. 30 business days from the date of the assessment
c. 60 business days from the date of the assessment
d. 80 business days from the date of the assessment
2. In South Africa, dividend tax is taxed at?
a. Progressive tax rates
b. All dividends in South Africa are exempt from tax
c. Regressive tax rates
d. A fixed tax rate
3. One of SARS' main functions is to…
a. Provide protection against the illegal importation and exportation of goods
b. Issuing passports and identification documents
c. Regulating environmental policies and standards
d. Providing healthcare services to citizens
4 In South Africa, trusts are taxed differently from individuals and companies.
a. Trusts are taxed at progressive tax rates
b. Trusts are taxed at a fixed tax rate
c. Trusts are exempt from taxation
d. Trusts are taxed at 20%
