Micro Learning Course: Provisional Tax


Duration: 5 Hours

Price: R976.50

Video Type: Series

Individuals Tax
...

Micro Learning Course: Provisional Tax

Duration: 5 hours

Price: R976.50


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Title / Topic

Micro Learning Course: Provisional Tax


Overview

A taxpayer’s taxable income is assessed after the end of the year of assessment when the taxpayer submits an income tax return. The taxpayer’s income tax liability is calculated from his/her assessed taxable income for the relevant year of assessment. The calculated income tax liability might not be the amount payable by or refundable to the taxpayer. All provisional tax payments and employees’ tax (also referred to as Pay-As-You-Earn (“PAYE”)) payments made during the applicable year of assessment by the taxpayer are deducted from the taxpayer’s calculated income tax liability to determine the amount payable by, or refundable to, the taxpayer.


Short course content (self-paced)

The topics included in this short course will be as follow:

  • Contextualising Provisional Tax
  • Calculation
  • Penalties & Interest
  • Contextualising Employees Tax
  • Identifying other types of employees

Competencies developed in this short course (self-paced)

After completing this short course, you should be able to:

  • Understand the mechanics of provisional tax.
  • Calculate provisional taxes.
  • Calculate the penalties and interest when failing to meet the requirements of the required first, second and third provisional tax payments.
  • Calculate the final amount payable after deducting all prepaid taxes including PAYE paid by an employee through the employer.

What's Included:

Contextualising provisional tax

Overview A taxpayer’s taxable income is assessed after the end of the year of assessment when the taxpayer submits an income tax return. The taxpayer’s income tax liability is calculated from his/her assessed taxable income for the rel evant year of assessment. The calculated income tax liability might not be the amount payable by or refundable to the taxpayer. All provisional tax payments and employees’ tax (also referred to as Pay-As-You-Earn (“PAYE”)) payments made during the applicable year of assessment by the taxpayer are deducted from the taxpayer’s calculated income tax liability to determine the amount payable by, or refundable to, the taxpayer. Short course content (self-paced) This subtopic cover: Contextualising Provisional Tax Competencies developed in this short course (self-paced) After studying this short course, you should be able to: Understand the mechanics of provisional tax. Calculate provisional taxes. Calculate the penalties and interest when failing to meet the requirements of the required first, second and third provisional tax payments. Calculate the final amount payable after deducting all prepaid taxes including PAYE paid by an employee through the employer.


0.3 Hour | R217.00

Calculations

Overview A taxpayer’s taxable income is assessed after the end of the year of assessment when the taxpayer submits an income tax return. The taxpayer’s income tax liability is calculated from his/her assessed taxable income for the rel evant year of assessment. The calculated income tax liability might not be the amount payable by or refundable to the taxpayer. All provisional tax payments and employees’ tax (also referred to as Pay-As-You-Earn (“PAYE”)) payments made during the applicable year of assessment by the taxpayer are deducted from the taxpayer’s calculated income tax liability to determine the amount payable by, or refundable to, the taxpayer. Short course content (self-paced) This subtopic cover: Calculations Competencies developed in this short course (self-paced) After studying this short course, you should be able to: Understand the mechanics of provisional tax. Calculate provisional taxes. Calculate the penalties and interest when failing to meet the requirements of the required first, second and third provisional tax payments. Calculate the final amount payable after deducting all prepaid taxes including PAYE paid by an employee through the employer.


0.4 Hour | R217.00

Penalties and interest

Overview A taxpayer’s taxable income is assessed after the end of the year of assessment when the taxpayer submits an income tax return. The taxpayer’s income tax liability is calculated from his/her assessed taxable income for the rel evant year of assessment. The calculated income tax liability might not be the amount payable by or refundable to the taxpayer. All provisional tax payments and employees’ tax (also referred to as Pay-As-You-Earn (“PAYE”)) payments made during the applicable year of assessment by the taxpayer are deducted from the taxpayer’s calculated income tax liability to determine the amount payable by, or refundable to, the taxpayer. Short course content (self-paced) This subtopic cover: Penelaties and Interest Competencies developed in this short course (self-paced) After studying this short course, you should be able to: Understand the mechanics of provisional tax. Calculate provisional taxes. Calculate the penalties and interest when failing to meet the requirements of the required first, second and third provisional tax payments. Calculate the final amount payable after deducting all prepaid taxes including PAYE paid by an employee through the employer.


0.2 Hour | R217.00

Contextualising employees tax

Overview A taxpayer’s taxable income is assessed after the end of the year of assessment when the taxpayer submits an income tax return. The taxpayer’s income tax liability is calculated from his/her assessed taxable income for the rel evant year of assessment. The calculated income tax liability might not be the amount payable by or refundable to the taxpayer. All provisional tax payments and employees’ tax (also referred to as Pay-As-You-Earn (“PAYE”)) payments made during the applicable year of assessment by the taxpayer are deducted from the taxpayer’s calculated income tax liability to determine the amount payable by, or refundable to, the taxpayer. Short course content (self-paced) This subtopic cover: Contextualising Employees Tax Competencies developed in this short course (self-paced) After studying this short course, you should be able to: Understand the mechanics of provisional tax. Calculate provisional taxes. Calculate the penalties and interest when failing to meet the requirements of the required first, second and third provisional tax payments. Calculate the final amount payable after deducting all prepaid taxes including PAYE paid by an employee through the employer.


0.32 Hour | R217.00

Identifying other types of employees

Overview A taxpayer’s taxable income is assessed after the end of the year of assessment when the taxpayer submits an income tax return. The taxpayer’s income tax liability is calculated from his/her assessed taxable income for the rel evant year of assessment. The calculated income tax liability might not be the amount payable by or refundable to the taxpayer. All provisional tax payments and employees’ tax (also referred to as Pay-As-You-Earn (“PAYE”)) payments made during the applicable year of assessment by the taxpayer are deducted from the taxpayer’s calculated income tax liability to determine the amount payable by, or refundable to, the taxpayer. Short course content (self-paced) This subtopic cover: Identifying other types of employees Competencies developed in this short course (self-paced) After studying this short course, you should be able to: Understand the mechanics of provisional tax. Calculate provisional taxes. Calculate the penalties and interest when failing to meet the requirements of the required first, second and third provisional tax payments. Calculate the final amount payable after deducting all prepaid taxes including PAYE paid by an employee through the employer.


0.3 Hour | R217.00

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