TAX3761 Taxation Of Business Activities And Individuals

This document contains suggested solutions for TAX3761 assignment 1 for the academic year 2021. Pass is 100% guaranteed. For further details, WhatsApp: 078 485 0163

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TAX3761 - ASSIGNMENT 2 - Detailed Assignment (Questions & Detailed Answers)

Solutions to the 1st assignment for 2021 with workings

Detailed Memo

This is the October / November 2020 final exam for Tax3761 and includes the Exam, Solutions (from Unisa) , mark allocation and relevant tax tables. This is the first and only past exam available for tax3761 as this is only the second year that this ,module is presented.

VAT is an indirect tax charged on goods and services. Any enterprise registered as a VAT vendor may claim back VAT it had paid on its purchases from SARS. Government makes revenue, mainly, through VAT and other forms of tax. It is mandatory for certain businesses to register as VAT vendors. These businesses act as the agent for government in collecting the VAT. This study unit provides an in-depth discussion of the major aspects of VAT. VAT was introduced in South Africa in 1991 to replace the G...