BTW2121 - South African taxation of individuals

Leader: Mr Adrian Pilley

Offered

South Africa First semester 2007 (Day)

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.

Objectives

The learning objectives of this unit are to:

• Develop an understanding of the South African taxation system as it impacts on individuals;
• Develop the capacity to calculate the tax payable by individuals.

Assessment

Assignment (up to 3000 words): 30%
Examination: 70%

Contact hours

2-hour lecture and one 1-hour tutorial per week

Prerequisites

BTW1201