EXAM PACK TAX3701 Study guides, Study notes & Summaries

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TAX3701 EXAM PACK

SOLUTION 1: VALUE – ADDED TAX (VAT) (a) In terms of s23(1), a person is required to register:  At the end of the month during which the total value of the taxable supplies for the preceding 12 months exceeded R1 000 000;  At the beginning of the month, if it is anticipated that the total value of the taxable supplies in terms of written contractual agreements will exceed R1 000 000 for the following 12 months; or  At the end of the month where the total value of the taxable sup...

TAX3701 EXAM PACK. TAX3701 - Taxation Of Business ActivitiesTAX3701 - Taxation Of Business Activities. calculation of VAT payable or refundable of Phepi (Pty) Ltd for the 2 month ending 29 February 2012. Income Cash Sales (R85000X 14/114) (10438.60 ) Credit Sales (R25000 X14/114 ) (3070.18 ) Lay bye sale receipts towards shoes to be purchases (R12500 X14/114 ) Payment received in advance for goods delivered and invoiced on 1 March 2012 – not in current 2 month VAT period(40000x 14/11...

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EXAM PACK TAX3701 BEST STUDY EXAM PACK

MAC3701 Exam pack - Past exams questions and answers and Includes summaries on each topic with assignments 1 and 2 for semester 1 2022.