As a tax professional, learners are immediately confronted with large volumes of detailed tax theory, and struggle to understand how the theory fits into the end goal of preparing tax computations.

This course has been designed to develop a foundation of simple application upon which the complexities of taxation can be built at a later stage. The approach is practical rather than theoretical.

Topics Discussed:

• Income from Employment
• Income from services
• Non-cash rewards (fringe benefits)
• Allowances
• Fringe Benefits
• Seventh Schedule – Overview
• Acquisition of asset at less than actual value
• Right of use of motor vehicle
• Meals, refreshments and meal and refreshment vouchers
• Free or cheap services
• Low interest loans
• Subsidies
• Release of employee’s debt
• Medical aid contributions
• Incurring costs relating to medical services
• Allowances
• Travel Allowance
• Subsistence Allowance
• Other Allowances
• Exemptions
• Special uniform exemption
• Transfer or relocation costs
• Ships crew
• Employment outside South Africa
• Services for South African government
• Bursaries and scholarships
• Deductions
• Deductions and allowances
• Pension, provident and retirement fund contributions
• Donations to public benefit organizations
• Sequence of deductions
• Tax liability and tables
• Employees’ Tax