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ZUG2004 – Introduction to taxation

Undergraduate – Unit

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

School

Business and Economics

Offered

South Africa

  • First Semester 2018 (Day)

15 Credits

Synopsis

The principal aim of this unit is to provide students with the theoretical underpinnings of the practices and principles 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 taxation law. The purpose for this module is for students to gain basic knowledge, insight and skills for analysing and solving elementary problems relating to some of the underlying principles and practices of South African taxation law in general.

Outcomes

  • Describe various components of the South African taxation system.
  • Discuss the components of gross income with reference to applicable legislation and case law.
  • Identify specific inclusions and exemptions to taxable income with reference to applicable legislation and case law.
  • Calculate the special and general deductions/ allowances that are allowed against taxable income with reference to applicable legislation and case law.
  • 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 taxation.
  • Demonstrate in an individual summative assessment the acquisition of a comprehensive understanding of the topics covered in Introduction to taxation.

Assessment

Within semester assessment: 40%
Examination: 60%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 150 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.

Prerequisites

Introduction to law; Introduction to accounting

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