COLLEGE OF ACCOUNTING SCIENCES
DEPARTMENT OF TAXATION
TEST 3: 28 July 2023
TAX3761 - TAXATION OF BUSINESS ACTIVITIES AND INDIVIDUALS
(60 marks)
2 hours and 30 minutes (including 15 minutes download and 30 minutes upload time)
THIS PAPER CONSISTS OF SEVEN (7) PAGES plus Annexures pp i - iv
IMPORTANT INSTRUCTIONS:
Assumptions:
1. All amounts exclude Value-Added Tax (VAT) unless specifically stated otherwise.
2. The VAT rate increased from 14% to 15% from 1 April 2018.
3. All persons mentioned are residents of the Republic of South Africa unless stated otherwise.
4. SARS = South African Revenue Service.
5. All transactions are conducted with registered VAT vendors, unless specifically stated otherwise.
6. Valid tax invoices and required documentation are obtained for all transactions.
The answering of this paper:
1. This is a closed-book test.
2. This paper consists of two (2) questions.
3. All questions and sub-sections must be answered.
4. Each sub-section must be commenced on a new (separate) page.
5. 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 does not form part of gross income,
is exempt from tax or not allowable as a deduction, this must specifically be indicated, and a short
reason should be provided.
6. All amounts must be rounded to the nearest Rand.
Honesty Declaration:
By submitting my solution to the test, I declare that:
• I know what plagiarism is, that plagiarism is wrong and that disciplinary steps can be taken
against me if I am found guilty of plagiarism.
• This solution, submitted by myself, is my own work.
• I have not assisted any other student in any manner, and I have not had the assistance of
any other person, in completing this test.
• I will not assist any other student in any manner, and I will not obtain the assistance of any
other person, in completing this test.
• I know that if I am found to be in violation of this declaration, I will receive 0% for this test.
Please note: You do not have to sign the declaration. By submitting your solution, you
automatically declare that you adhere to all the above with regards to this specific assessment.
, 2 TAX3761
Test 3 July 2023
The Invigilator
Day of the assessment instructions:
• Ensure you are connected to the internet to log into the Invigilator App and scan this QR code.
• If you encounter difficulty in scanning the QR code, you can alternatively enter the Exam Access
Code below the QR code to start the invigilation.
• You can only scan this QR code once. You should NOT finish the invigilation until your entire
assessment has been completed.
• Only scan the QR code when the assessment formally commences.
• The QR code is only scannable for a limited time, and it should therefore be scanned as
soon as possible to start the invigilation.
• Once the QR code is scanned, ensure your media volume is turned up and place your
smartphone next to you. The Invigilator App will notify you with a notification beep when you are
required to action a request, which you should then perform.
• We recommend that you keep your smartphone on charge for the duration of the assessment.
• If you only have one device, you may access your assessment in the application by pressing the
‘Access Exam’ button in the top right corner of your app.
• Keep the Invigilator App open on your cell phone for the full duration of the assessment.
You are not allowed to minimise or leave the app.
• Ensure you are connected to the internet in order to commence the invigilation as well as at the
end of the assessment. No internet connection is required during the assessment.
• You must adhere to the assessment time limit as the time displayed in the Invigilator App could
differ from the time allocated to complete your assessment.
• You can click the "Finish Assessment" button in the app if you finish your assessment early.
• If you are performing a written or Scan-and-Upload assessment:
• The Invigilator App may request you to take a picture of every page of your answer sheet at the
end of the assessment. This does NOT replace the normal upload of your script to the
cas.myexams.unisa.ac.za platform on myUnisa.
• After completing invigilation and following all app instructions, you must upload your Invigilation
App data. If, however, there is a delay in the upload of the app data at the end of the assessment,
you should prioritise the upload of your script to the cas.myexams.unisa.ac.za platform on
myUnisa and you can temporarily minimise the app to do so. You can come back and upload
your script on the app after you have successfully uploaded your script on the
cas.myexams.unisa.ac.za platform on myUnisa.
• Should you encounter any technical difficulty, please WhatsApp The Invigilator Helpdesk on:
073 505 8273.
DEPARTMENT OF TAXATION
TEST 3: 28 July 2023
TAX3761 - TAXATION OF BUSINESS ACTIVITIES AND INDIVIDUALS
(60 marks)
2 hours and 30 minutes (including 15 minutes download and 30 minutes upload time)
THIS PAPER CONSISTS OF SEVEN (7) PAGES plus Annexures pp i - iv
IMPORTANT INSTRUCTIONS:
Assumptions:
1. All amounts exclude Value-Added Tax (VAT) unless specifically stated otherwise.
2. The VAT rate increased from 14% to 15% from 1 April 2018.
3. All persons mentioned are residents of the Republic of South Africa unless stated otherwise.
4. SARS = South African Revenue Service.
5. All transactions are conducted with registered VAT vendors, unless specifically stated otherwise.
6. Valid tax invoices and required documentation are obtained for all transactions.
The answering of this paper:
1. This is a closed-book test.
2. This paper consists of two (2) questions.
3. All questions and sub-sections must be answered.
4. Each sub-section must be commenced on a new (separate) page.
5. 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 does not form part of gross income,
is exempt from tax or not allowable as a deduction, this must specifically be indicated, and a short
reason should be provided.
6. All amounts must be rounded to the nearest Rand.
Honesty Declaration:
By submitting my solution to the test, I declare that:
• I know what plagiarism is, that plagiarism is wrong and that disciplinary steps can be taken
against me if I am found guilty of plagiarism.
• This solution, submitted by myself, is my own work.
• I have not assisted any other student in any manner, and I have not had the assistance of
any other person, in completing this test.
• I will not assist any other student in any manner, and I will not obtain the assistance of any
other person, in completing this test.
• I know that if I am found to be in violation of this declaration, I will receive 0% for this test.
Please note: You do not have to sign the declaration. By submitting your solution, you
automatically declare that you adhere to all the above with regards to this specific assessment.
, 2 TAX3761
Test 3 July 2023
The Invigilator
Day of the assessment instructions:
• Ensure you are connected to the internet to log into the Invigilator App and scan this QR code.
• If you encounter difficulty in scanning the QR code, you can alternatively enter the Exam Access
Code below the QR code to start the invigilation.
• You can only scan this QR code once. You should NOT finish the invigilation until your entire
assessment has been completed.
• Only scan the QR code when the assessment formally commences.
• The QR code is only scannable for a limited time, and it should therefore be scanned as
soon as possible to start the invigilation.
• Once the QR code is scanned, ensure your media volume is turned up and place your
smartphone next to you. The Invigilator App will notify you with a notification beep when you are
required to action a request, which you should then perform.
• We recommend that you keep your smartphone on charge for the duration of the assessment.
• If you only have one device, you may access your assessment in the application by pressing the
‘Access Exam’ button in the top right corner of your app.
• Keep the Invigilator App open on your cell phone for the full duration of the assessment.
You are not allowed to minimise or leave the app.
• Ensure you are connected to the internet in order to commence the invigilation as well as at the
end of the assessment. No internet connection is required during the assessment.
• You must adhere to the assessment time limit as the time displayed in the Invigilator App could
differ from the time allocated to complete your assessment.
• You can click the "Finish Assessment" button in the app if you finish your assessment early.
• If you are performing a written or Scan-and-Upload assessment:
• The Invigilator App may request you to take a picture of every page of your answer sheet at the
end of the assessment. This does NOT replace the normal upload of your script to the
cas.myexams.unisa.ac.za platform on myUnisa.
• After completing invigilation and following all app instructions, you must upload your Invigilation
App data. If, however, there is a delay in the upload of the app data at the end of the assessment,
you should prioritise the upload of your script to the cas.myexams.unisa.ac.za platform on
myUnisa and you can temporarily minimise the app to do so. You can come back and upload
your script on the app after you have successfully uploaded your script on the
cas.myexams.unisa.ac.za platform on myUnisa.
• Should you encounter any technical difficulty, please WhatsApp The Invigilator Helpdesk on:
073 505 8273.
