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ZUG2009 – Intermediate 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

  • Second 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 at an intermediate level. Topics covered include: value added tax (VAT), taxation of residents, sole traders, close corporations and companies. It also includes an examination of the tax implications of capital gains tax, company distributions and donations. The purpose for this module is for students to gain intermediate knowledge, insight and skills for analysing and solving intermediate integrated problems relating to some of the underlying principles and practices of South African taxation law in general.

Outcomes

  • Calculate VAT in a variety of business transactions and practical scenarios using the rules and sections of value added tax (VAT).
  • Calculate the tax payable on individuals and businesses.
  • Differentiate between categories of business for tax purposes.
  • Describe how donations are taxed and calculate the tax payable in a given set of circumstances.
  • Apply relevant principles regarding dividends in a given set of circumstances.
  • Demonstrate in an individual summative assessment the acquisition of a comprehensive understanding of the topics covered in Intermediate Tax.

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 taxation law

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