COLLEGE OF ACCOUNTING SCIENCES
DEPARTMENT OF TAXATION
TEST 1: 21 APRIL 2023
TAX3761
TAXATION OF BUSINESS ACTIVITIES AND INDIVIDUALS
(40 marks)
2 hours (including 15 minutes download and 30 minutes upload time)
THIS PAPER CONSISTS OF SIX (6) PAGES
IMPORTANT INSTRUCTIONS:
Assumptions:
1. All amounts exclude Value-Added Tax (VAT) unless specifically stated otherwise.
2. All persons mentioned are residents of the Republic of South Africa unless stated otherwise.
3. SARS = South African Revenue Service.
4. All transactions are conducted with registered VAT vendors, unless specifically stated otherwise.
5. 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 one (1) question with two (2) parts, i.e., A and B.
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 per-
son, 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 1
The Invigilator
• Please note The Invigilator App / IRIS will not be not used during Test 1 for TAX3761.
Access and Submission instructions:
The test paper will remain available throughout the session.
Commence the submission (uploading) of your script as soon as you have completed the assess-
ment, do not wait for the session to conclude.
Suggestion: Start uploading your answer file at 10:00 am (90 minutes after the start of the test
session) at the latest, to allow enough time for any delays in the process.
Your submission will be date stamped and only submissions received up to 10:30 will be marked.
You MUST submit your answers in one pdf file. The file name of your pdf document must be in the
following format: Student number, space, TAX3761. For example: 33445566 TAX3761.
Please remember to complete the Honesty Declaration (Part of the file submission process
below).
Follow these steps to access your test question paper:
• Go to myExams cas.myexams.unisa.ac.za.
• On the myExams portal, choose TAX3761-23-Y to open the assessment portal.
• Under the applicable module you will find a TAB to access your paper – Assignment 1 (Test 1)
(visible when the time for the test starts):
Follow these steps to submit your answer script:
• Open the folder TAX3761-23-Y on the myExams platform.
• You will do your submission in the same Assignment 1 (Test 1) folder from which you downloaded
your Test– you will find a grey button to Submit at the bottom of the page.
• Click on the Add Submission button.
Students who cannot access the myExams platform for the test question paper or to upload
their answer scripts should use the following link - https://tinyurl.com/TESTS2023.
• Please note that this option must only be used if you struggle to upload your script on myExams.
• Note the file requirements such as:
o File size limit.
o Make sure all your ALL your pages are converted into a single PDF document for
uploading (Make sure the file is not read-only or password protected).
• Check the acknowledgment checkbox (“The submission is my own work”) and upload your
answer script and then click on the Save changes button.
• Review your submission information regarding the status and click on your submission file link to
check if it's correct.
• If you need to resubmit a file, you can click on the Edit Submission button. Note: You will need
to delete any existing files.
• Make a screen copy for your records.
DEPARTMENT OF TAXATION
TEST 1: 21 APRIL 2023
TAX3761
TAXATION OF BUSINESS ACTIVITIES AND INDIVIDUALS
(40 marks)
2 hours (including 15 minutes download and 30 minutes upload time)
THIS PAPER CONSISTS OF SIX (6) PAGES
IMPORTANT INSTRUCTIONS:
Assumptions:
1. All amounts exclude Value-Added Tax (VAT) unless specifically stated otherwise.
2. All persons mentioned are residents of the Republic of South Africa unless stated otherwise.
3. SARS = South African Revenue Service.
4. All transactions are conducted with registered VAT vendors, unless specifically stated otherwise.
5. 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 one (1) question with two (2) parts, i.e., A and B.
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 per-
son, 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 1
The Invigilator
• Please note The Invigilator App / IRIS will not be not used during Test 1 for TAX3761.
Access and Submission instructions:
The test paper will remain available throughout the session.
Commence the submission (uploading) of your script as soon as you have completed the assess-
ment, do not wait for the session to conclude.
Suggestion: Start uploading your answer file at 10:00 am (90 minutes after the start of the test
session) at the latest, to allow enough time for any delays in the process.
Your submission will be date stamped and only submissions received up to 10:30 will be marked.
You MUST submit your answers in one pdf file. The file name of your pdf document must be in the
following format: Student number, space, TAX3761. For example: 33445566 TAX3761.
Please remember to complete the Honesty Declaration (Part of the file submission process
below).
Follow these steps to access your test question paper:
• Go to myExams cas.myexams.unisa.ac.za.
• On the myExams portal, choose TAX3761-23-Y to open the assessment portal.
• Under the applicable module you will find a TAB to access your paper – Assignment 1 (Test 1)
(visible when the time for the test starts):
Follow these steps to submit your answer script:
• Open the folder TAX3761-23-Y on the myExams platform.
• You will do your submission in the same Assignment 1 (Test 1) folder from which you downloaded
your Test– you will find a grey button to Submit at the bottom of the page.
• Click on the Add Submission button.
Students who cannot access the myExams platform for the test question paper or to upload
their answer scripts should use the following link - https://tinyurl.com/TESTS2023.
• Please note that this option must only be used if you struggle to upload your script on myExams.
• Note the file requirements such as:
o File size limit.
o Make sure all your ALL your pages are converted into a single PDF document for
uploading (Make sure the file is not read-only or password protected).
• Check the acknowledgment checkbox (“The submission is my own work”) and upload your
answer script and then click on the Save changes button.
• Review your submission information regarding the status and click on your submission file link to
check if it's correct.
• If you need to resubmit a file, you can click on the Edit Submission button. Note: You will need
to delete any existing files.
• Make a screen copy for your records.
