PART C (10 marks, 18 minutes) As the tax manager of Go Springboks (Pty) Ltd, you received the following email from Mr Siya Kolisi: From: SKolisi@GS.co.za Sent: 17 March 2023 To: Taxmanager@GS.co.za Subject: Tax and ethical matters Dear Tax Manager I trust this email finds you well and I must ask you for your urgent assistance regarding the following transactions. I am not sure what amounts should be included in our tax calculations for the following three transactions, I have tried to capture the information as best as possible, 1. GS requires a deposit of 10% on orders that exceed R50 000 . Should a customer cancel the order, the deposit is forfeited. GS accepted deposits of R255 000 for the 2023 year of assessment. 2. A collection of the newly designed springbok jerseys was sold on credit on 25 March 2023 to the Stormers Rugby Union for R145 000. In terms of the contract of sale, GS undertook to deliver the springbok jerseys to the Stormers Rugby Union in Cape Town. The jerseys were delivered on 04 April 2023. 3. On 1 September 2022, GS sold caps with a value of R50 000 to a local small business owner. The small business owner paid R40 000 in cash and GS accepted the business owner's secondhand generator (valued at R8 500) as a "trade-in" for the balance of the purchase price of R10 000 . The following information relates to an ethical issue I need to deal with. One of my dearest friends wants to place an order with the GS for World Cup rugby balls. The total value of the order amounts to R212 750 (including VAT). He wants to donate these balls to underprivileged schools as part of their rugby clinics to enhance these children's skills and abilities. He asked me if he could pay the amount of R185 000 into my private bank account instead of the company's account, to avoid paying the VAT of R27 750. I know that he is doing a good deed by providing these rugby balls to underprivileged children, but what advice can you give me in respect of the ethical considerations of this request? I hope you find the above in order. Please do not hesitate to contact me should you have any questions. Regards, Siya Kolisi