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ZUG3009– Advanced 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 2019 (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: the accounts of executors, liquidators and trustees and examines how estates are taxed. This unit also includes an examination of: capital gains tax, fringe benefits, retirement benefits, employees’ and provisional tax, tax avoidance and administrative procedures, including objection and appeals. Students gain advanced knowledge, insight and skills for analysing and solving advanced integrated problems relating to some of the underlying principles and practices of South African taxation law.

Outcomes

  • Describe and prepare South African executors’ accounts.
  • Calculate the tax payable on estates.
  • Interpret the provisions regarding employees’ tax and provisional tax.
  • Explain how the tax system is administered and the process of objection and appeal.
  • Explain the difference between tax avoidance and tax evasion and apply the relevant principles.
  • Calculate how the fringe and retirement benefits are taxed in a particular given set of circumstances.
  • Elaborate on various Advanced Tax topics.

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

Intermediate taxation

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