Short Course in Personal Income Tax


Date: Mar 29, 2023 - Jun 29, 2023

Application fee: R450.00

Once-off: R5,950.00

Lecturer: Simphiwe Mili
Tax Advisor (SA), MCom Taxation

As tax is both a legal requirement and social responsibility, it is critical that individuals and tax professionals have a solid grasp of the principles of taxation and their related obligations. This short course will empower individuals with the skills to manage their own tax affairs, eliminating the need for costly external help.

Please see full course payment breakdown below.

Overview

As tax is both a legal requirement and social responsibility, it is critical that individuals and tax professionals have a solid grasp of the principles of taxation and their related obligations. This short course will empower individuals with the skills to manage their own tax affairs, eliminating the need for costly external help. During this course, you will develop the knowledge and gain a deeper understanding of the tax rules and requirements. You will cover practical issues impacting individual taxes such Airbnb/rental income, home office expenses, medical tax credits and travel allowances. Upon completing this course, you will be equipped with the practical skills you need to calculate tax payable and to file an individual tax return (ITR12).


Mode of delivery

Online and self-paced.


Effort and duration

Minimum duration: 12 weeks. The course must be completed in 14 weeks.

Weekly effort: Four to ten hours per week.


What you will learn in this course

The course is delivered online and covers the following modules, topics, and practical areas:

Module 1: Introduction to taxation

Module 2: Income

  • Gross income (including capital in nature, resident, and non-resident).
  • Special inclusions (such as annuities, dividends and rental or Airbnb income).
  • Exempt (such as tax-free investments, alimony, bursaries etc.).

Module 3: Deductions

  • General deductions available to individuals:
    • Home office expenses.
    • Medical expenses and disability expenses.
    • Prohibited deductions such as fines.
    • Assessed losses.

Module 4: Fringe benefits

  • Right of use of an asset, including motor vehicle and residential accommodation.
  • Meals, refreshments, vouchers, and other services.
  • Low or zero interest rate loans and loan subsidies.
  • Medical aid contributions and retirement fund contributions.

Module 5: Allowances

  • Travel allowances and subsistence allowances.
  • Specific transactions (such as passive and foreign income).
  • Special deductions/tax credits including:
    • Contributions to retirement funds.
    • Medical rebates, and medical credits.
  • Completing the ITR12.
  • Calculating the tax for individual taxpayers.
  • Capital gains tax:
    • Chargeable and exempt assets (including the consequences of claiming home office expenses).

Admission requirements

A minimum of an NQF 4.


Outcomes

After successful completion of this short course, you will be able to demonstrate knowledge, understanding and skills in the following outcomes:
  • Calculate the taxable income of an individual taxpayer.
  • Demonstrate an understanding of when income received by an individual taxpayer should be taxed and when deductions are claimable.
  • Differentiate between fringe benefits and allowances and the inclusion in a taxpayer’s taxable income.
  • Evaluate various options for the structuring of salary packages.
  • Demonstrate when deductions (including home office expenses) are claimable and what the subsequent consequences of this deduction will be.
  • Calculate and explain the tax consequences related to allowances paid by an employer to an employee and the related deductions claimable against these allowances.

Accreditation

This course is presented as a short learning programme (SLP) by The Tax Faculty (TTF). TTF is accredited as a continuous professional development (CPD) provider by the South African Institute of Taxation (SAIT), a South African Revenue Services Recognised Controlling Body (RCB) under the Tax Administration Act, 2011 (Act No 28 of 2011).

TTF is registered as a skills development partner (SDP) under the Skills Development Act, 1998 (Act No 97 of 1998) by the Quality Council for Trades and Occupations (QCTO).


Assessment, NQF level and award of certificate

Learners are assessed via a number of formative and summative assessments. Successful learners will receive a SLP certificate issued by The Tax Faculty. This SLP certificate is non-credit bearing, however, successful learners articulating into the Occupational Certificate: Tax Technician (NQF 6) programme, will obtain recognition for prior learning (RPL) towards the NQF 6 qualification. In addition, this just-in-time learning programme also qualifies for verifiable CPD.


Student support and online campus

The academic and practical skills component of the qualification is delivered on The Tax Faculty's online iLearnTax Campus.

This will be your virtual campus for the duration of the programme. The course is presented as micro-learning videos, study guides, practice quizzes, discussion forums, practical case studies, assignment briefs and guided presentations on how to master case studies and assignments. Academic lecturers are available on the Q&A portal as they would be in a classroom.

At the beginning of each semester, you'll be presented with the course content plan, a study plan and important assignment dates which are set out at manageable deadlines. This will help you study at your own pace.

In addition, you will be allocated a course consultant who will help you navigate the online campus, support you with your weekly participation and deadlines, and will be able to answer any administrative queries you may have.


Flexible payment options

Payment option 1: Once-off payment

Total: R5 950.00 (incl. VAT).

Payment option 2: Debit order

Application fee (non-refundable): R450.00 (incl. VAT).

Two instalments: R3 400.00 per month (incl. VAT).
Total: R7 250.00 (incl. VAT).


* First debit order will be collected on course start date. Remaining debit orders will be collected on the first working day of each month.


Payments and cancellations

  • All required minimum payments must be made by direct EFT or by credit card before the commencement of a course. The once-off payment is required to be paid before the course start date, as well as the application fee of learners on a debit order plan (the first debit order is also required on the start date of the course).
  • Kindly note that should debit order payment terms not be adhered to; legal action will be taken and access to the online learning platform suspended.
  • Proof of payment may also be requested before access to the iLearn platform will be communicated, should your payment not reflect on The Tax Faculty’s bank account.
  • Only written notice of cancellation will be accepted.
  • Learners who have failed to successfully complete the course and wish to repeat, will be charged the full normal fee to repeat.

Conditions

For all short learning programmes (SLPs) with a seven-month or less rollout period, the following will apply:

  • If the cancellation is requested more than 10 working days prior to the course start date, no cancellation fee will be applicable.
  • If the cancellation occurs less than 10 working days prior to the course start date, a 100% cancellation fee will be applicable.
  • Students who register for a course and fail to attend will be held liable for the full course fee.
  • The course application fee is non-refundable.
  • The Tax Faculty’s liability in the case of a course being cancelled will be limited to a refund of the course fee.

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