Principles of Taxation
TAX2601
2023 Semester 1
ASSESSMENT 3 – QUESTIONS
The due date for this assessment is 3 April 2023.
The assessment covers learning units 3 – 5 of the learning material.
, TAX2601/2023/Semester 1/Assessment 3
_______________________________________________________________________________________
Instructions when answering the questions:
• You may write or type your answers, however, it must be uploaded on myUnisa as ONE document in a .pdf
format.
• You must SUBMIT YOUR ANSWERS TO ALL THE QUESTIONS, however, only selected questions /
parts of questions will be marked. The unmarked questions will be for self-assessment (for which solutions
will be provided).
• Start each question on a new (separate) page and number the questions clearly.
• This assessment will count 20% towards your final mark.
• You are REMINDED that answers that you submit needs to be your own work as it reflects YOUR
understanding of taxation. No group efforts are allowed. If you are part of a class or tutor group,
DO NOT discuss the assessment in class – do it on your own and there will be no allegations of plagiarism.
Any indication of academic misconduct will be allocated a mark of 0% for the assessment.
• It is best to not wait until the last moment to submit your answers. Rather finish the assessment a day or
two before the due date and time and submit it earlier. This will circumvent the risks of e.g. running out of
data, no electricity, system issues, etc.
Assumptions when answering the questions:
1. All amounts exclude VAT unless stated otherwise.
2. All persons mentioned are residents of the Republic of South Africa unless stated otherwise.
3. SARS = South African Revenue Service
4. Show all workings, where applicable. Where an amount is subject to a limitation, clearly indicate the
application of the limitation. Where any item is exempt from tax or not
allowable as a deduction, this must be indicated, and a brief reason provided. All amounts must be
rounded off to the nearest Rand.
Information pertaining to the assessment:
This assessment consists of a total of 66 marks, and is divided into four tasks.
You are a junior tax consultant at Tax Solutions (Pty) Ltd, a company providing clients with tax-related services.
You have been given the following tax-related tasks to complete:
TASK Client Page MARKS
1 RentaGeny (Pty) Ltd 3 18
2 Beach Vibes (Pty) Ltd 4 12
3 Beach Vibes (Pty) Ltd 5&6 21
4 XP (Pty Ltd 7 15
TOTAL 66
2
TAX2601
2023 Semester 1
ASSESSMENT 3 – QUESTIONS
The due date for this assessment is 3 April 2023.
The assessment covers learning units 3 – 5 of the learning material.
, TAX2601/2023/Semester 1/Assessment 3
_______________________________________________________________________________________
Instructions when answering the questions:
• You may write or type your answers, however, it must be uploaded on myUnisa as ONE document in a .pdf
format.
• You must SUBMIT YOUR ANSWERS TO ALL THE QUESTIONS, however, only selected questions /
parts of questions will be marked. The unmarked questions will be for self-assessment (for which solutions
will be provided).
• Start each question on a new (separate) page and number the questions clearly.
• This assessment will count 20% towards your final mark.
• You are REMINDED that answers that you submit needs to be your own work as it reflects YOUR
understanding of taxation. No group efforts are allowed. If you are part of a class or tutor group,
DO NOT discuss the assessment in class – do it on your own and there will be no allegations of plagiarism.
Any indication of academic misconduct will be allocated a mark of 0% for the assessment.
• It is best to not wait until the last moment to submit your answers. Rather finish the assessment a day or
two before the due date and time and submit it earlier. This will circumvent the risks of e.g. running out of
data, no electricity, system issues, etc.
Assumptions when answering the questions:
1. All amounts exclude VAT unless stated otherwise.
2. All persons mentioned are residents of the Republic of South Africa unless stated otherwise.
3. SARS = South African Revenue Service
4. Show all workings, where applicable. Where an amount is subject to a limitation, clearly indicate the
application of the limitation. Where any item is exempt from tax or not
allowable as a deduction, this must be indicated, and a brief reason provided. All amounts must be
rounded off to the nearest Rand.
Information pertaining to the assessment:
This assessment consists of a total of 66 marks, and is divided into four tasks.
You are a junior tax consultant at Tax Solutions (Pty) Ltd, a company providing clients with tax-related services.
You have been given the following tax-related tasks to complete:
TASK Client Page MARKS
1 RentaGeny (Pty) Ltd 3 18
2 Beach Vibes (Pty) Ltd 4 12
3 Beach Vibes (Pty) Ltd 5&6 21
4 XP (Pty Ltd 7 15
TOTAL 66
2
