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.
- First semester 2018 (On-campus)
- Second semester 2018 (On-campus)
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).
The learning goals associated with this unit are to:
- describe and explain various aspects of the South African taxation system
- determine what is included in gross income
- evaluate and determine what is exempt and specifically included in taxable income
- identify and calculate the special and general deductions/ allowances that are allowed against taxable income
- identify transactions that will be subject to capital gains tax and calculate the taxable amount in terms of the relevant provisions
- identify transactions that will be subject to Value Added Tax and describe the rules and calculate how they are taxed
- 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.
Within semester assessment: 40% + Examination: 60%
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