units

BTW2301

Faculty of Business and Economics

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Monash University Handbook 2010 Undergraduate - Unit

6 points, SCA Band 3, 0.125 EFTSL

LevelUndergraduate
FacultyFaculty of Business and Economics
OfferedSouth Africa Second semester 2010 (Day)
Coordinator(s)Mr Adrian Pilley

Synopsis

An introduction to the principles of the taxation, including an examination of: gross income, special inclusions, exempt income, allowable deductions, special deductions, fringe benefits, retirement benefits and the taxation of individuals, focusing on the South African tax law. This unit is a requirement for those students following the route to the qualification of a Chartered Accountant (South Africa).

Objectives

The learning goals associated with this unit are to:

  • describe and explain various aspects of the South African taxation system
  • determine what is included in taxable income
  • evaluate and determine what is exempt from taxable income
  • identify and calculate the special and general deductions that are allowed against taxable income
  • identify and describe fringe benefits and calculate how they are taxed
  • identify and describe retirement benefits and calculate how they are taxed
  • calculate the tax payable for individuals and other entities.

Assessment

Within semester assessment: 30%
Examination (3 hours): 70%

Chief examiner(s)

Adrian Pilley

Prerequisites

BTW1201 and AFW1002