Faculty of Business and Economics

Monash University

Undergraduate - Unit

This unit entry is for students who completed this unit in 2012 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

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6 points, SCA Band 3, 0.125 EFTSL

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

FacultyFaculty of Business and Economics
OfferedSouth Africa First semester 2012 (Day)
Coordinator(s)Mr Adrian Pilley


This unit introduces value added tax (VAT) and includes an examination of the taxation of non-residents, farmers, sole traders and partnerships, close corporations and companies. It also includes an examination of capital allowances and trading stock. This unit is a requirement for those students following the route to the qualification of a Chartered Accountant (South Africa).


The learning goals associated with this unit are to:

  1. describe the rules and sections of the act regarding value added tax (VAT) and to apply them to calculate VAT in a variety of business transactions and practical scenarios
  2. calculate the tax payable on businesses
  3. differentiate between categories of business for tax purposes, such as sole traders, partnerships, companies and close corporations
  4. explain and describe how farmers are taxed and calculate the tax payable by farmers
  5. identify and explain capital allowances available and calculate these allowances and
  6. explain and describe how non-residents are taxed in South Africa and calculate the relevant taxes.


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

Contact hours

3 hours per week


Students must have passed BTW2301 before undertaking this unit