Price:
R565.00 (VAT Incl.)
Level:
Tax Professionals
Sub-level:
Taxation
Lecturer:
Biz Facility
Duration:
180 Minutes
Additionals:
R565.00 (VAT Incl.)
Level:
Tax Professionals
Sub-level:
Taxation
Lecturer:
Biz Facility
Duration:
180 Minutes
Additionals:
CPD Assessment
Certificate
Certificate
Lesson Outline
Do you know how to calculate your income tax as an individual taxpayer? Income tax is the normal tax which is paid on your taxable income. The rates of tax chargeable on taxable income are determined annually by Parliament and are generally referred to as “marginal rates of tax” or “statutory rates”. The rate of tax levied on an individual is set on a sliding scale which results in the tax increasing as taxable income increases. Every year, the Minister of Finance announces the rates to be levied by publishing the applicable tax tables during the annual budget speech. These calculations can become quite complex. Please join us for this very insightful session, during which we are going to show you how to calculate income tax taking various income tax elements into consideration.
Course Content:
Structure and discussion of the income tax calculation
Gross income
Cash allowances and taxable fringe benefits
Special inclusions
Lump sums
Exempt income
Deductions
Assessed losses
Capital gains
Pension provident and retirement annuity fund deductions
Donations deduction
Rebates
Medical aid tax credits
Provisional tax and pay as you earn paid
Course Content:
Structure and discussion of the income tax calculation
Gross income
Cash allowances and taxable fringe benefits
Special inclusions
Lump sums
Exempt income
Deductions
Assessed losses
Capital gains
Pension provident and retirement annuity fund deductions
Donations deduction
Rebates
Medical aid tax credits
Provisional tax and pay as you earn paid