lOMoAR cPSD| 48243012
, lOMoAR cPSD| 48243012
UNIVERSITY EXAMINATIONS
Examiner: Mr Mhlanguli Nare
Oct/Nov 2024
TAX3701
Taxation of Business Activities
100 Marks
Duration 3 Hours
, lOMoAR cPSD| 48243012
This paper consists of Fourteen (14) pages including Appendix A
IMPORTANT INSTRUCTIONS:
Assumptions:
1. The VAT rate changed from 14% to 15% on 1 April 2018.
2. All persons mentioned are residents of the Republic of South Africa
unless stated otherwise.
3. SARS = South African Revenue Service.
The answering of this paper:
1. This paper consists of five (5) questions.
2. All questions must be answered.
3. Each question must be commenced on a new (separate) page.
4. 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 has a nil effect on any tax, this must
specifically be indicated, and a short reason should
, lOMoAR cPSD| 48243012
be provided. All amounts must be rounded to the nearest Rand.
6. You are reminded that answers may NOT be written in pencil.
7. This is a closed book exam
8. Proposed timetable:
(As far as possible, try not to deviate from this timetable):
Question Topic Marks Minutes
1 Value-Added Tax 25 45
Turnover tax, taxation of a business and general
2 22 40
deduction formula
3 Normal income tax liability 35 63
4 Provisional tax 10 18
5 Dividends tax 8 14
TOTAL 100 180
Exam proctoring instructions:
1. Ensure you are connected to the internet in order to log into the Invigilator App and scan the
QR code above. If you encounter difficulty in scanning the QR code, you can alternatively enter the
Exam Access Code (86e62fa4) below the QR code to start the invigilation.
2. The QR code is available for activation 15 minutes before the start time of the examination and
30 minutes after the official start time of the examination.
3. Keep the Invigilator App open on your smartphone for the full duration of the assessment. You
are not allowed to minimise or leave the app during the assessment.
4. If you only have one device you may access your assessment in the application by pressing the
‘Access Browser’ button in the top right corner of your app.
5. We recommend that you keep your smartphone on charge for the duration of the assessment.
6. If you finish your assessment before the app timer has run out you need to press the ‘Finish
Assessment’ button and follow instructions before you exit or minimise the app.
7. Should you encounter any technical difficulty, please WhatsApp The Invigilator Helpdesk on
+27 (0)73 505 8273.
Submission instructions:
1. Go to myExams.
, lOMoAR cPSD| 48243012
UNIVERSITY EXAMINATIONS
Examiner: Mr Mhlanguli Nare
Oct/Nov 2024
TAX3701
Taxation of Business Activities
100 Marks
Duration 3 Hours
, lOMoAR cPSD| 48243012
This paper consists of Fourteen (14) pages including Appendix A
IMPORTANT INSTRUCTIONS:
Assumptions:
1. The VAT rate changed from 14% to 15% on 1 April 2018.
2. All persons mentioned are residents of the Republic of South Africa
unless stated otherwise.
3. SARS = South African Revenue Service.
The answering of this paper:
1. This paper consists of five (5) questions.
2. All questions must be answered.
3. Each question must be commenced on a new (separate) page.
4. 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 has a nil effect on any tax, this must
specifically be indicated, and a short reason should
, lOMoAR cPSD| 48243012
be provided. All amounts must be rounded to the nearest Rand.
6. You are reminded that answers may NOT be written in pencil.
7. This is a closed book exam
8. Proposed timetable:
(As far as possible, try not to deviate from this timetable):
Question Topic Marks Minutes
1 Value-Added Tax 25 45
Turnover tax, taxation of a business and general
2 22 40
deduction formula
3 Normal income tax liability 35 63
4 Provisional tax 10 18
5 Dividends tax 8 14
TOTAL 100 180
Exam proctoring instructions:
1. Ensure you are connected to the internet in order to log into the Invigilator App and scan the
QR code above. If you encounter difficulty in scanning the QR code, you can alternatively enter the
Exam Access Code (86e62fa4) below the QR code to start the invigilation.
2. The QR code is available for activation 15 minutes before the start time of the examination and
30 minutes after the official start time of the examination.
3. Keep the Invigilator App open on your smartphone for the full duration of the assessment. You
are not allowed to minimise or leave the app during the assessment.
4. If you only have one device you may access your assessment in the application by pressing the
‘Access Browser’ button in the top right corner of your app.
5. We recommend that you keep your smartphone on charge for the duration of the assessment.
6. If you finish your assessment before the app timer has run out you need to press the ‘Finish
Assessment’ button and follow instructions before you exit or minimise the app.
7. Should you encounter any technical difficulty, please WhatsApp The Invigilator Helpdesk on
+27 (0)73 505 8273.
Submission instructions:
1. Go to myExams.
