The various forms of taxation in South Africa can be very complicated and often confusing. However, taxation affects every business and therefore a basic understanding of the tax system is necessary to ensure compliance with the relevant laws. This course focuses on the two forms of taxation that affects all businesses on a daily basis, i.e. Value-added tax and Employees’ tax.
This course includes latest developments for the 2008 filing season and addresses employers’ obligations in this regard. The material also includes a useful tax guide and several case studies.
Who should attend?
Entrepreneurs, accounts staff at any level, HR staff, payroll clerks, bookkeepers and similar
Duration
One day
Outcomes
Participants will:
Gain an overview of the different types of tax in South Africa including who is liable for tax and how tax is collected by SARS
Understand salary structures, taxable and non-taxable benefits, etc.
Understand allowances and fringe benefits
Understand how to calculate and administer employees’ tax
Understand Value added tax (VAT) – structure and registration
Understand how to calculate VAT
Understand the VAT implications of specific transactions
Understand the administration of VAT
Gain an overall understanding of SARS e-Filing
Course content
An overview of the different types of tax payable in South Africa
Normal taxation for natural persons
Salary structures
Allowances
Fringe benefits
Exemptions and deductions
Collection and calculation of employees’ tax
Budget for tax payments
Value-added tax (VAT)
Calculation of VAT
Input tax claims
Administration of VAT
An overview of SARS e-Filing
