,UNIVERSITY EXAMINATIONS
October/November 2025
TAX2601
Taxation of Business Activities
100 Marks
Duration 2 Hours
This paper consists of eleven (11) pages, plus a schedule (i)
IMPORTANT INSTRUCTIONS:
Assumptions:
1. All persons mentioned are residents of the Republic of South Africa unless stated otherwise.
2. SARS = South African Revenue Service.
The answering of this paper:
1. This is an open-book exam. You are allowed to use your prescribed textbook, learning unit content
documents and other information that was provided on the module site; however, the answers must
be your own. You are not permitted to work in groups or receive assistance from anyone, including
external sources.
2. The paper consists of five (5) questions with sub-parts (where applicable).
3. All questions and sub-parts must be answered.
4. Each question or sub-part must be commenced on a new (separate) page.
5. All calculations, 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 is not allowable as a deduction, this must specifically be indicated, and a short
reason should be provided. Where indicated in the question, a relevant reason for an answer must
be provided. No references to section numbers of the Income Tax Act are required.
6. All amounts must be rounded to the nearest Rand.
7. Proposed timetable
(As far as possible, try not to deviate from this timetable):
Question Topic Marks Minutes
1 All topics 15 18
2 Provisional tax 15 18
3 Tax liability of a company and capital gains tax 45 54
4 Gross income / General deduction formula 15 18
5 Micro business and small business corporation 10 12
[TURN OVER]
, 2 TAX2601
October/November Examination 2025
The Invigilator app
• Ensure you are connected to the internet to commence the invigilation at the beginning as well as at
the end of the assessment.
• 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.
• Note that you should scan the QR code as soon as you start with your assessment.
• Please take note that you can only scan the QR code for a limited time after the commencement time
of the assessment (15 minutes prior to the commencement of the examination and 30 minutes once
the examination has started), and it should therefore be scanned as soon as possible to start the
invigilation.
• Please note that you can only scan the QR code once. Make sure you are ready to start the
assessment when you scan the QR code.
• You must provide proof in the form of a screenshot with a visible timestamp if you experienced any
issues with the app. The screenshot must clearly show that you attempted to access the app BEFORE
08:30.
• It is important to note that you must adhere to the time limit in your myExams assessment, as the
invigilation time in the app could exceed the time allocated to complete your assessment.
• You are not allowed to minimise or exit the app during your assessment. If you have been logged out
of the Invigilator App for a total of 10 minutes or more, it will be considered as not using the prescribed
proctoring tool. If you finish your assessment before the app timer has run out, you need to
press the ‘Finished assessment’ button and follow further instructions before you leave the
app.
• The Invigilator app will request you to take photos of your answer script (i.e. scan) after the
assessment. Please follow the instructions on the app. Take note that you are still required to
upload your answer script to the relevant UNISA portal. Your submission on the Invigilator App
does NOT replace the normal upload of your script to the myexams portal on myUnisa. If you
only upload your answer script on the Invigilator app and not on the myexams portal, your
script WILL NOT BE marked.
• Keep the Invigilator app open on your smartphone during the assessment. You are not allowed to
leave or minimise the application. You cannot minimise the application and use your smartphone
for typing. If you wish to use a smartphone for typed answers you will need an additional
smartphone.
• You must adhere to the assessment time limit of 2 hours 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.
• Should you encounter any technical difficulties, please WhatsApp the Invigilator Helpdesk on:
073 505 8273
[TURN OVER]
October/November 2025
TAX2601
Taxation of Business Activities
100 Marks
Duration 2 Hours
This paper consists of eleven (11) pages, plus a schedule (i)
IMPORTANT INSTRUCTIONS:
Assumptions:
1. All persons mentioned are residents of the Republic of South Africa unless stated otherwise.
2. SARS = South African Revenue Service.
The answering of this paper:
1. This is an open-book exam. You are allowed to use your prescribed textbook, learning unit content
documents and other information that was provided on the module site; however, the answers must
be your own. You are not permitted to work in groups or receive assistance from anyone, including
external sources.
2. The paper consists of five (5) questions with sub-parts (where applicable).
3. All questions and sub-parts must be answered.
4. Each question or sub-part must be commenced on a new (separate) page.
5. All calculations, 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 is not allowable as a deduction, this must specifically be indicated, and a short
reason should be provided. Where indicated in the question, a relevant reason for an answer must
be provided. No references to section numbers of the Income Tax Act are required.
6. All amounts must be rounded to the nearest Rand.
7. Proposed timetable
(As far as possible, try not to deviate from this timetable):
Question Topic Marks Minutes
1 All topics 15 18
2 Provisional tax 15 18
3 Tax liability of a company and capital gains tax 45 54
4 Gross income / General deduction formula 15 18
5 Micro business and small business corporation 10 12
[TURN OVER]
, 2 TAX2601
October/November Examination 2025
The Invigilator app
• Ensure you are connected to the internet to commence the invigilation at the beginning as well as at
the end of the assessment.
• 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.
• Note that you should scan the QR code as soon as you start with your assessment.
• Please take note that you can only scan the QR code for a limited time after the commencement time
of the assessment (15 minutes prior to the commencement of the examination and 30 minutes once
the examination has started), and it should therefore be scanned as soon as possible to start the
invigilation.
• Please note that you can only scan the QR code once. Make sure you are ready to start the
assessment when you scan the QR code.
• You must provide proof in the form of a screenshot with a visible timestamp if you experienced any
issues with the app. The screenshot must clearly show that you attempted to access the app BEFORE
08:30.
• It is important to note that you must adhere to the time limit in your myExams assessment, as the
invigilation time in the app could exceed the time allocated to complete your assessment.
• You are not allowed to minimise or exit the app during your assessment. If you have been logged out
of the Invigilator App for a total of 10 minutes or more, it will be considered as not using the prescribed
proctoring tool. If you finish your assessment before the app timer has run out, you need to
press the ‘Finished assessment’ button and follow further instructions before you leave the
app.
• The Invigilator app will request you to take photos of your answer script (i.e. scan) after the
assessment. Please follow the instructions on the app. Take note that you are still required to
upload your answer script to the relevant UNISA portal. Your submission on the Invigilator App
does NOT replace the normal upload of your script to the myexams portal on myUnisa. If you
only upload your answer script on the Invigilator app and not on the myexams portal, your
script WILL NOT BE marked.
• Keep the Invigilator app open on your smartphone during the assessment. You are not allowed to
leave or minimise the application. You cannot minimise the application and use your smartphone
for typing. If you wish to use a smartphone for typed answers you will need an additional
smartphone.
• You must adhere to the assessment time limit of 2 hours 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.
• Should you encounter any technical difficulties, please WhatsApp the Invigilator Helpdesk on:
073 505 8273
[TURN OVER]
