Price:
Free
Level:
Tax Professionals
Sub-level:
Taxation
Lecturer:
Corlia Faurie
Duration:
60 Minutes
Additionals:
Free
Level:
Tax Professionals
Sub-level:
Taxation
Lecturer:
Corlia Faurie
Duration:
60 Minutes
Additionals:
CPD Assessment
Certificate
Certificate
Lesson Outline
This lesson covers the following:
• Distinguishing between employment, trade and directorship
• Defining independent contractors, commission earners and non-executive directors, and discussing for each:
o Obligations regarding Income Tax (including Provisional Tax, PAYE and the rates at which these individuals pay tax) and VAT
o Different income types taxed in different capacities (service / sales income, salaries, commission, fees, profit share / dividends)
o Deductions available for individuals not in "standard employment"
o Brief overview of the relevant fields to be completed in the ITR12
• Brief summary of the available structures for conducting trade as an individual, with the tax and accounting implications associated with each
• Distinguishing between employment, trade and directorship
• Defining independent contractors, commission earners and non-executive directors, and discussing for each:
o Obligations regarding Income Tax (including Provisional Tax, PAYE and the rates at which these individuals pay tax) and VAT
o Different income types taxed in different capacities (service / sales income, salaries, commission, fees, profit share / dividends)
o Deductions available for individuals not in "standard employment"
o Brief overview of the relevant fields to be completed in the ITR12
• Brief summary of the available structures for conducting trade as an individual, with the tax and accounting implications associated with each