What you will learn:
The following Topics are included in this course:
- Value-added tax- Detailed explanations and application of the Value-Added Tax Act 89 of 1991
- Gross income - A thorough explation of the Gross Income definition Including Application of the legislation and Case Laws.
- Special inclusions into Gross Income and explanations of amounts that are Exempt income.
- General deductions - Application of the general deduction formula in determining the deductability of expenditures and losses (including Case Laws)
- Special deductions, allowances and Recoupments
- Capital allowances (Sec 13 Building Allowances, Sec12C allowances, Sec 12E allowances and Wear and tear Allowances)
- Capital gains tax - 8th Schedule of the Income Tax Act
- Taxation of companies (Small Business Corporations, Personal Service Providers, Labour Brokers) and dividends tax
- Taxation of Individuals: Income and expenses
- Fringe benefits and allowances
- Retirement lump sum benefits
- Taxation of Non-residents and Withholding Tax
- Provisional tax and Prepaid taxes
- Taxation of Trusts
- Donations tax
- Estate duty
- Tax Administration Act - Ethics and the tax practitioner
Who is this for?
This course is designed to provide the most needed additional help and boost the academic performance of 3rd year students registered in any tertiary education institution, including but not limited to:
1. UNISA
2. Milpark Education- Business School
3. Regenesys Business School
4. Lyceum Correspondence College
5. Boston City Campus & Business College
4. ACCA and CIMA
This course is also highly recommended for learners who needs a quick refrersher in preparation for SAIPA and other professional board exams.
Gross Income Definition-for 3rd Years
These notes are suitable for 3rd year students registered for TAX3701, TAX3702 and TAX3761.
Summarised notes includes:
- Gross Income Definition
- Case Law - for all components of the Gross Income definition.
- Application of Caselaw and the Gross Income definition.
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R25
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Value Added Tax (VAT) for 3rd Years
- These notes are best for 3rd year students registered for TAX3701 & TAX3761.
- All key aspects of VAT explained.
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R95
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Sec 11a- General Deduction Formula- for 3rd Years
These notes are best for students registered for TAX3701 & TAX3761.
Includes the General deduction formula, application of caselaw for all components of the general deuction formula
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R18
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TAX3761- VAT Class 1: Free use of a company car; Notional Input VAT & Importation of Goods;
Duration: 1 hour 42 minutes
This session is for Third Years (TAX3761)
In this session you will learn the VAT implications of:
- Purchase of Second hand goods from a non-vendor
- Fringe Benefits to Employees
- Importation of goods into the Republic by any person.
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R25
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TAX3761 - Donations Tax
Duration: 1 hour
This session is for Third Years (TAX3761)
- In this class students will learn all the tax principles regarding donations tax including detailed calculations.
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R33
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TAX3761: VAT Class 2: Implications of Ceasing to be a vendor; Indemnity payments & Payments exceedin
Duration: 1 hour 10mins
This session is for Third Years (TAX3761)
This session covers the following Deemed Supplies for VAT
- Indemnity payments- Sec 8(8)
- Ceasing to be a vendor-Sec 8(2)
- Payments exceeding consideration-Sec 8(27) and 16(3)(m)
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R35
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TAX3761 Mock Exam-Nov 2020
2020 Exam
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R250
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