College of Business and Economics

School of Accounting

Department of Commercial Accounting

TAXATION 3A

TAX33A3

2024

ACKNOWLEDGEMENT
Authors:
Mrs Esterhuizen, Mr. Masehela and
Mrs. Soobramoney

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 The design and development of
this integrated learning material package
was facilitated by
CenTAL
(Centre for Technology Assisted Learning
) of the University of Johannesburg.

The following team members of

CenTAL
were involved:

Instructional designer E Pretorius

Other role players:

Graphic designers UJ Graphic Studio

Sikhuthaza imfundo!
We energise learning!
Ons gee woema aan
leer!
Re fa thuto mafolofolo!
 Table of
Departmental Information Contents 3
Prescribed Text Book and Other Recommended Books. 4

Section A: Module specific information.

Module NQF level 6
Duration of module 6
Purpose of the module 6
BlackBoard access and use 6
Composition of module (brief outline) 6
Module learning outcomes 7
Module assessment criteria 7
Lecture / work schedule 8

Section B: Assessment guidelines.

Assessment mark allocation. 10

Section C: Facilitation of learning.

Learning unit 1 11
Learning unit 2 11
Learning unit 3 12
Learning unit 4 12
Learning unit 5 13

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 Departmental
Information
Welcome to the Department of Commercial Accounting
Instructional offering: Taxation

1. Lecturers

Name Office no Ext. no Email address

Mr. K Masehela GNA 122 5589 [email protected]
Ms. J Soobramoney GNA 120 5064 [email protected]
Ms. K Esterhuizen GNA 120 5064 [email protected]

Consultation with Lecturers:

You are welcome to email your lecturers at any time during the semester from Monday to
Friday to schedule a consultation. They will do their best to respond to you as soon as possible,
within 24 hours.
Please do not leave your queries for the day before the assessment opportunities.

2. Purpose and use of this learning guide

The purpose of this learning guide is to provide students with important administrative,
organisational and module information and as such, a frame of reference and road map to
guide students in their planning and preparation in this module through the semester. It is
of critical importance that students continually refer to the learning guide throughout the
semester.

The learning guide and textbook are not substitutes for lectures/tutorials. The learning
guide, textbook, other learning material, lectures, assessments and other activities
comprise an inclusive and integrated learning experience aimed at achieving the outcomes
of this module. Attendance at lectures is crucial, as lectures do not only allow for more
guidance and direction regarding the scope of the module, but also allows for meaningful
engagement which is expected to facilitate an in-depth understanding of the core issues
covered in the module.

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 3. Student conduct

It is expected that all students’ hold high values in academic honesty and general ethical
behaviour for the holistic development of an individual, particularly in the early years of
student life.

Prescribed / Recommended Text Book

Prescribed:
Notes on South African Income Tax 2023
Author: Haupt, Hedron

Please note it is compulsory for ALL students to have access to this textbook.

If the student is using a previous version of the textbook, it is the student’s

responsibility to ensure all updates to the book are noted.

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5
 Section A: Module specific information

Module NQF level

NQF level 6
Credits 16
Study field 23 Intermediate pre-diplomate
Subfields 401 Accounting

Duration of module

One Semester – Semester 1.

This semester we will follow a blended approach.

This means every week you will have to attend the following compulsory sessions:
 online lectures on blackboard collaborate,
 face to face lectures on campus,
 as well as tutorials on campus.

Purpose of the module

The purpose of this module is to provide an introduction to Taxation of companies in South

Africa and will cover Gross income; Exempt income; Deductions, Capital allowances and
recoupments; Capital Gains Tax for CC’s and companies; and VAT (value added tax);.

BlackBoard access and use

It is the students’ responsibility to regularly monitor BlackBoard, atleast once a day!

Information that will be available on BlackBoard is as follow: All lecture material,
important announcements, assignment submission.

Composition of module (brief outline)

Gross Income, Exempt Income & General

Learning unit 1
Deductions
Special Deductions, Capital Allowances &
Learning unit 2
Recoupments
Learning unit 3 Capital Gains Tax
Learning unit 4 CC’s & Companies Integrated Questions
Learning unit 5 Value-Added Tax (“VAT”)

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Module learning outcomes

At the end of this module you should be able to do the following:

 establish what constitutes gross income;

 determine which income is exempt from tax for a company;
 determine the allowable general deductions, special deductions, capital allowances
and recoupments in terms of the income Tax Act applicable to a company;
 determine the taxable capital gain for companies;
 calculate the taxable income and tax liability of a CC and a company; and
 determine the imposition of value-added tax;

Module assessment criteria

The respective outcomes will be assessed in the following manner:
Learners will be competent if:

 Students can correctly identify and calculate the Gross income amounts to be
included in the Income Tax calculation, correctly determine which income is exempt
from tax from a Company’s perspective, and correctly apply the general deduction
formula;

 Students can correctly identify and calculate the Special Deductions, Capital
Allowances and Recoupments applicable in the context of a Company;

 The amounts subject to the provisions relating to Capital Gains Tax can be
correctly calculated and treated in terms of the tax framework; and

 The provisions from other learning units can be integrated and applied to correctly
determine of the Taxable Income and Tax Liability of a CC and a Company.

 Students can correctly perform the VAT asset/ liability calculation in line with current
VAT legislation;

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Lecture Plan for the Semester

8
Wee
k Week Ending Topic Lecturer Assignment
1 Introduction and
16-Feb Gross Income Ms. Esterhuizen
2 Weekly quiz – Online
Opens: 20 February
Due: 2 March at 22:00
Gross income Ms. Esterhuizen COUNTS TOWARDS
23-Feb Exempt Income YOUR FINAL MARK
3 Weekly quiz – Online
Opens: 27 February
Due: 9 March at 22:00
General deductions COUNTS TOWARDS
01-Mar Trading Stock Ms. Esterhuizen YOUR FINAL MARK
4 Weekly quiz – Online
Opens: 5 March
Due: 6 April at 22:00
COUNTS TOWARDS
08-Mar Special deductions Mr. Masehela YOUR FINAL MARK
Test NB: You will still have
Week your Tax Online class
11 - 18 Mar on 18 March

18 March Assessment opportunity 1

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22-Mar Special deductions Mr. Masehela

23 – 31 March Recess
6 Weekly quiz – Online
5-April Capital allowances Ms. Soobramoney Opens: 2 April
7 Due: 20 April at 22:00
Capital allowances COUNTS TOWARDS
12-April Recoupments Ms. Soobramoney YOUR FINAL MARK
Test NB: You will still have
Week your Tax Online class
15 - 22 April on 22 April

17 April Assessment opportunity 2

TAXTIM COMPANY ASSIGNMENT AND ITR14
Opens: 12 April
Due: 13 May 22:00
COUNTS TOWARDS YOUR FINAL MARK
8 Weekly quiz – Online
26-April Capital Gains Tax Ms. Soobramoney Opens: 30 April
9 Due: 11 May at 22:00
COUNTS TOWARDS
3-May Capital Gains Tax Ms. Soobramoney YOUR FINAL MARK
10 Weekly quiz
Mr. Masehela Opens: 14 May
10-May VAT Due: 18 May at 22:00
11 Mr. Masehela COUNTS TOWARDS
17-May VAT YOUR FINAL MARK
12
24-May Revision
TAXTIM VAT ASSIGNMENT (VAT201)
Opens: 14 May
Due: 24 May 22:00 9
COUNTS TOWARDS YOUR FINAL MARK
 Section B: Assessment guidelines
(As per UJ policy and Faculty regulations)

Assessment Mark Allocation

Assessment Opportunity 1 (Test 1) 35%

Assessment Opportunity 2 (Test 2) 40%

Weekly Quizzes 10%

TaxTim Assignments 15%

Semester Mark 100%

Your Final Mark is made up as follows:

Semester Mark 50%

Exam Mark 50%

Final Mark 100%

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 Section C: Facilitation of learning

Learning Unit Outcomes:

Learning Unit Outcomes

Learning outcomes are statements of what is expected that a student will be able to DO as
a result of a specified period and supported study.

Unit 1: Gross Income, Exempt Income & General Deductions

Learning Unit Outcomes:

Establish what constitutes Gross Income.
For Companies, determine which incomes are exempt from Tax from a Gross Income
perspective. Also, determine which are allowable General Deductions for Companies;

Assessment Criteria:
Students can correctly identify and calculate the Gross income amounts to be included in
the Income Tax calculation, correctly determine which income is exempt from tax from a
Company’s perspective, and correctly apply the general deduction formula.

Resources:
Notes on SA Income Tax: Chapter 2,4 & 5
Ulink

Learning activities
 Lecture examples
 Topic questions
 Tutorials
 Assignment

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Topic questions:
These questions will be included in your Question Pack.

Unit 2. Special deductions, Capital allowances & recoupments for a Company

Learning Unit Outcomes:

For Companies, determine which are allowable Special Deductions, as well as Capital
Allowances and Recoupments in terms of the Income Tax Act;

Assessment Criteria:
Students can correctly identify and calculate the Special Deductions, Capital Allowances
and Recoupments applicable in the context of a Company

Resources:
Notes on SA Income Tax: Chapter 6 & 7
Ulink

Learning activities
 Lecture examples
 Topic questions
 Tutorials
 Assignment

Topic questions:
These questions will be included in your Question Pack.

Unit 3. Capital Gains Tax

Learning Unit Outcomes:

Calculate the amounts which are subject to the provisions relating to Capital Gains Tax;
and calculate the taxable capital gain to be included in taxable income.

Assessment Criteria:
Students will be able to calculate the amounts that are subject to the provisions relating to
Capital Gains Tax and apply the provisions.

You will be assessed as competent if you can:

Correctly calculate the amounts which are subject to the provisions relating to Capital
Gains Tax; and
Correctly calculate the taxable capital gain to be included in taxable income.

Resources:
Notes on SA Income Tax: Chapter 21
Ulink

Learning activities:
 Lecture examples
 Topic questions
 Assignment
 Tutorial

12
Topic questions:
These questions will be included in your Question Pack.

Unit 4. Taxable Income of a CC and Company

Learning Unit Outcomes:

Calculate the Taxable Income and Tax Liability of a CC and a Company.

Assessment Criteria:
The provisions from other learning units can be integrated and applied to correctly determine
the Taxable Income and Tax Liability of a CC and a Company.

Resources:
Notes on SA Income Tax: Chapter 9

Learning activities
 Lecture examples
 Topic questions
 Tutorials
 Assignment

Topic questions:
These questions will be included in your Question Pack.

Unit 5. VAT

Learning Unit Outcomes:

Calculate the amount of VAT due by or to a vendor (i.e. VAT asset/liability).

Assessment criteria:
Students can correctly perform the VAT asset/ liability calculation in line with current VAT
legislation

Resources:
Notes on SA Income Tax: Chapter 30

Learning activities
 Lecture examples
 Topic questions
 Tutorials
 Assignment

Topic questions
These questions will be included in your Question Pack.

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