KVV Inc. Training Centre Test - Donations Tax

Donations Tax
This is a Multiple Choice questionnaire of 10 questions.

Please read each question carefully and provide your answers as indicated.

Good Luck!

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* 1. Kindly provide your full details to begin with test.

Full Name

Company

Email Address

Contact Number

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* 2. Donations Tax is payable in terms of which Act?

SARS Act

Income Tax Act

Unfair Taxes Act

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* 3. Donations Tax is payable at a rate as prescribed on the _____________ of the property disposed of by donation.

Purchase Price

Value

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* 4. Donations Tax is payable by?

The Donor

The Donee

SARS

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* 5. Donations Tax applies to non-residents.

True

False

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* 6. When does a donations take effect?

When the donation agreement is signed

When all the legal formalities have been complied with

When the donor dies

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* 7. How is Donations Tax payable?

Via your attorney

Via E-Filing

In cash

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* 8. A donation between spouses is not exempt from donations tax.

True

False

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* 9. A donation to a Public Benefit Organisation is exempt from donations tax.

True

False

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* 10. A donation by a Natural Person not exceeding R________________ per year is exempt from donations tax.

R100,000

R500,000

R1,000,000

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* 11. At what rate is Donations Tax calculated?

10% of the value not exempted

20% of the value not exempted

30% of the value not exempted