Course in Taxation

The course consists of two modules and students must pass both modules in order to obtain the Certificate in Taxation.

Objective

The course covers the entire field of taxation, (including value-added tax), excluding certain specialised areas and will enable students to calculate the tax of individuals including farmers, partnerships, sole traders as well as the taxation of companies, close corporations and trusts. This course is aimed at beginners as well as students who only need to update their knowledge in the discipline of Taxation.

Who will benefit from this course?

Partners in partnership, farmers and persons involved in smaller businesses with a more formal business structure such as a close corporation or company, people in employment, the holders of public office (e.g. SARS), sole traders and employees in the audit profession, will find this course very beneficial for personal and business purposes.

Duration of the course

One (1) year

Admission requirements

A National Senior certificate or appropriate experience in taxation.

Registration

The course commences in January each year (first semester) and July (second semester).

Registrations should be received on or before middle January (for first semester) and middle July (for second semester).

Credits/Standard of the course

NQF level: 6

Credits: 24 (12 credits per module)

Semester 1

MODULE CTAX12U  –  THE TAXATION OF INDIVIDUALS

Gross income

Exempt income

General deduction formula

Fringe benefits

Non-residents

Retirement benefits

Farming income

Sole traders

Donations tax

Prepaid taxes

Capital gains tax for individuals

Foreign income

Semester 2

MODULE CTAX11T  –  THE TAXATION OF BUSINESS INCOME

Gross income

Special inclusions in gross income

Exempt income

The general deduction formula

Foreign income

Specific deductions

Expenditure and allowances relating to capital assets

Capital gains tax

Partnerships

Taxation of companies and close corporations

Taxation of trusts

Tax avoidance and evasion

Administrative procedures

Value-added tax (VAT)