Leader: Mr Adrian Pilley

Offered

South Africa Second semester 2008 (Day)

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.

Objectives

The learning objectives of this unit are to:

• Develop an understanding of the South African taxation system as it impacts on businesses;
• Develop the capacity to calculate the tax payable by businesses;
• 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 (open book 3 hours): 70%

Contact hours

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

Prerequisites

BTW1201 and BTW2121