The Tax for Beginners Self-Study Package is designed to simplify the complexities of South Africa’s tax system for both individuals and businesses. Covering everything from the basic tax framework, exempt income, rebates, and deductions, through to entity-specific tax treatment (such as sole proprietors, companies, trusts, and small business corporations), this package provides a clear understanding of how tax works in real-world scenarios.
You will also gain insight into capital allowances, capital gains tax, provisional tax, and the step-by-step process of completing your income tax return (ITR12). Whether you are managing your own personal tax or handling company obligations, this package equips you with the knowledge and tools needed to calculate taxable income, reduce liability legally, and confidently prepare for assessments and audits.
Personal & Company Income Tax For Beginners
- The Tax Framework (corporate taxpayers & individual taxpayers)
- Exempt Income
- Tax Free Investment
- Dividends Tax (S64 of the Income Tax Act)
- Rebates
- Tax Thresholds
- Tax treatment of the varying classes of taxpayers:
- Sole Proprietors and Partnerships
- Close Corporations and PTY LTD Companies
- Trusts
- Micro Business – Turnover Tax
- Small Business Corporations (SBC)
- Independent Contractors
- Personal Service Providers
- Revenue Deductions
- Capital Allowances
- Schedule of W&T Allowances
- Taxable Income and Accounting Income
- Working from Home
- Capital Gains Tax (CGT) – the basics
- Provisional Tax – the basics
Capital Gains Tax for Beginners
- Income tax framework
- Capital gains tax structure
- Net capital gain or losses
- Annual exclusion
- Assessed Capital losses
- Aggregate capital gain / (loss)
- Calculating capital gains on disposal of as asset:
- Proceeds
- Base cost
- Base cost before 01-10-2001
- Base cost after 01-10-2001
- Base costs paragraph 26 & 27
- Specific exclusions
- Primary residence
- Exclusions and limitations of losses
- Rollover of a capital gain
How to Complete Your Income Tax Return (ITR12)
- Married in and out of community of property- how does this affect your tax as an individual or sole proprietor
- Gross Income
- Special Inclusions
- Fringe Benefits (Travel allowances)
- Lump Sums
- Rental Income
- Exempt Income
- Allowable deductions
- General deductions
- Rental Expenses /deductions
- Capital gains tax
- Retirement fund contributions
- Donations
- Rebates
- Primary
- Secondary
- Tertiary
- Medical aid deductions Section 6A & B
- Calculating tax for Partnerships – what you need to know
- Completing the ITR a step by step guide (real world scenario)
How to Calculate Your Taxable Income
- Documentation needed to complete return.
- Additional benefits to reduce Tax liability.
- Preparing Return for Submission
- IT34 (Tax Assessment)
- Audit and Documentation if required
All Included:
- Video presented courses
- Downloadable course material
- Certificates of training
- SAIT Accredited (Verifiable CPD Hours)
- Assessments (optional)