BTS2301 - South African taxation A - 2017

6 points, SCA Band 3, 0.125 EFTSL

Undergraduate - Unit

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

Faculty

Business and Economics

Organisational Unit

Department of Business Law and Taxation

Coordinator(s)

Ms Teresa Calvert-Pidduck

Unit guides

Offered

South Africa

  • Second semester 2017 (Day)

Synopsis

This unit provides an introduction to the principles and practices of taxation in South Africa. Topics covered include: gross income; special inclusions; exempt income; allowable deductions; special deductions; capital allowances; capital gains tax; value added tax (VAT); and South African tax law. This unit is a requirement for students wanting to register as a Chartered Accountant with the South African Institute of Chartered Accountants (SAICA).

Outcomes

The learning goals associated with this unit are to:

  1. describe and explain various aspects of the South African taxation system
  2. determine what is included in gross income
  3. evaluate and determine what is exempt and specifically included in taxable income
  4. identify and calculate the special and general deductions/ allowances that are allowed against taxable income
  5. identify transactions that will be subject to capital gains tax and calculate the taxable amount in terms of the relevant provisions
  6. identify transactions that will be subject to Value Added Tax and describe the rules and calculate how they are taxed
  7. apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with taxation and demonstrate in an individual summative assessment the acquisition of a comprehensive understanding of the topics covered in BTS2301.

Assessment

Within semester assessment: 30% + Examination: 70%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

See also Unit timetable information

Chief examiner(s)

Prerequisites

AFW1002 or ACW1002, and BTW1201.

Prohibitions

BTW2301