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TAX2601-25-S2
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The method used to calculate tax for a company, other than a Small Business Corporation, is proportional. What does this mean?
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Which of the following is the correct process to follow when a taxpayer appeals against the disallowance of an objection?
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What does the understatement penalty NOT relate to?
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When would an administrative non-compliance penalty be applicable?
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How should a provision in the the Income Tax Act be interpreted, if the meaning is not clear?
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Which option is NOT correct regarding the tax court?
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If there has been an overpayment of tax from the taxpayer, he/she may claim a refund within how many years after the date of a SARS assessment?
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Which one of the following statements is NOT correct regarding a Notice of Appeal?
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In which of the following ways can a taxpayer appeal against a disallowed objection? a) Lodge a NOA or submit an ADR2 form with SARS. b) Lodge/submit a NOA/ADR2 form with SARS and appeal to the Tax Board or Tax Court.c) Lodge an objection on the notice of objection (NOO) form or an ADR1 form depending on the type of tax with SARS. d) Lodge/submit a NOA/ADR2 form with SARS and by mutual agreement attempt to resolve the dispute through the Alternative Dispute Resolution (ADR) process.
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Capital gains tax is an indirect tax, because it is levied on the sale of capital assets and not on income.
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