Undergraduate - UnitBTW2121 - South African taxation of individuals

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

Synopsis

An introduction to the principles of the taxation of individuals, including an examination of: the basic calculation of income tax; the calculation of gross income; exempt income; allowable deductions; the calculation of net normal tax payable; salaried persons - receipts; fringe benefits; salaried persons -- specific deductions; Standard Income Tax on Employees (SITE); retirement benefits and investment income and royalties; capital gains tax. The basic principles relating to the taxation of farmers is also examined.

Outcomes

The learning goals associated with this unit are to:

1. develop an understanding of the South African taxation system as it impacts on individuals
2. develop the capacity to calculate the tax payable by individuals.

Assessment

Within semester assessment: 30%
Examination: 70%

Chief examiner(s)

Adrian Pilley

Contact hours

3 hours per week

Prerequisites

BTW1201