Undergraduate - UnitBTW2122 - South African taxation of businesses

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 businesses, including an examination of: value-added tax (VAT); capital allowances; business income and expenses; sole traders; partnerships; companies and close corporations; credit agreements and township developers; trust income; capital gains tax; donations tax and administrative procedures.

Outcomes

The learning goals associated with this unit are to:

1. develop an understanding of the South African taxation system as it impacts on businesses
2. develop the capacity to calculate the tax payable by businesses
3. develop an understanding of how the tax system differentiates between categories of businesses, such as sole traders, partnerships, companies, close corporations and trusts.

Assessment

Within semester assessment: 30%
Examination (3 hours, open-book): 70%

Contact hours

3 hours per week

Prerequisites

BTW1201 and BTW2121