TAX 1501 ASSIGNMENT 3

TAX 1501 ASSIGNMENT 3 Laatste update van het document:   geleden

QUESTION 1 (25 marks, 30 minutes) Forever Diamonds (Pty) Ltd carries on a business as a manufacturer of jewelry and is also a jewelry retailer. The company runs its manufacturing operations in Johannesburg and has three retail stores located in Far City, Home-way and Wow Shopping Centres. The company is a vendor for Value-Added Tax (VAT) purposes and is registered on the invoice basis. The company had the following income and expenditure for the two-month tax period ending on 31 March 2020....