2021 COURSE CATALOGUE - Flexible. Online. Part-time. taxfaculty.ac.za
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2021 COURSE CATALOGUE Flexible. Online. Part-time. registrations@taxfaculty.ac.za +27 (0)12 943 7002 @thetaxfaculty GET SOCIAL WITH US @TheTaxFaculty Riverwalk Office Park | 41 Matroosberg Road | Ashlea Gardens | Pretoria taxfaculty.ac.za @thetaxfaculty
PREPARING FUTURE TAX LEADERS, TODAY Our accredited online courses in taxation will help you solve the most pressing tax problems, freshen up on your critical thinking skills and remain relevant through the Fourth Industrial Revolution. Our course experts give you the tools, simulations, advice and best practices you need to succeed. At the core of our educational methodology, we enable you to approach business and tax problems using critical thinking skills. We developed a unique tax learning methodology to prepare future tax professionals with metacognitive skills, and to develop higher order thinking skills through analysis, evaluation and synthesis. It consists of three parts, namely academic knowledge, practical simulation and critical thinking. We invite you to use this catalogue to learn more about our portfolio of courses and to go on to enrol on one of these exclusive training opportunities today. Your future starts here.
CONTENTS 01. QUALIFICATIONS Leading to a SAIT designation Professional Certificate in Taxation 05 Diploma: Tax Technician 06 Diploma: Tax Technician (Accelerator Programme) 07 Specialist Diploma: Tax Professional (Accelerator Programme) 08 02. PROFESSIONAL CERTIFICATES Three to twelve-month certificates Professional Certificate in Taxation of Individuals 10 Professional Certificate in Taxation of Corporates 11 Professional Certificate in Transfer Pricing and International Tax 12 Professional Certificate in Principles of International Taxation 13 Professional Certificate in Transfer Pricing 14 Professional Certificate in Estate and Trust Administration 15 Professional Certificate in Payroll Taxes and Administration 16 Professional Certificate in Tax Opinion and Dispute Writing 17 03. SHORT COURSES One to three-month certificates Short Course in Value-Added Tax 19 Short Course in Accounting for Tax in Financial Statements 20 Short Course in International Value-Added Tax and Trade 21
01 QUALIFICATIONS Leading to a SAIT designation Taxation 05 Diploma: Tax Technician 06 Diploma: Tax Technician 07 (Accelerator Programme) Specialist Diploma: Tax Professional 08 (Accelerator Programme) taxfaculty.co.za
PROFESSIONAL CERTIFICATE IN TAXATION The course is designed to empower learners with applied working and practical knowledge of the fundamentals of taxation. The knowledge and practical skills gained in this professional certificate will provide learners with the foundational knowledge and practical skills to perform SARS tax compliance functions and services including the preparation and submission of tax returns for individuals, corporates, farmers, partnerships, sole traders, companies, close corporations and trusts. The academic and practical skills component of this professional certificate is recognised by the South African Institute of Tax Professionals (SAIT) to maintain/apply for professional membership and the licence to practice as a registered tax practitioner with SARS. COURSE DELIVERY This professional certificate is delivered by The Tax Faculty through the virtual campus and webinar DURATION OF THE COURSE platforms. 12 months. LANGUAGE The teaching medium is English. COURSE PROGRAMME ENTRY REQUIREMENTS The course is divided into two semester modules. At least three years structured working experience and recently The first module, Taxation of Individuals, covers completed annual tax CPD programme updates with SAIT or the fundamentals of taxation, salaried employees’ similar such as SARS internal training. income tax, self-employed individual taxes (including farming) and payroll taxes. It also covers FEES basic elements of international taxation, donations Payment option 1: Once-off payment tax, retirement fund savings and capital gains tax. R21 950.00. The outcome of this module is to ensure learners are able to submit individual tax returns without Payment option 2: Debit order errors including the ITR12, IRP6, EMP501 and Application fee (non-refundable): R450.00. EMP201 returns. 12 installments: R2 104.00 per month. Total: R25 248.00. The second module, Corporate Taxes, will cover Payment option 3: SAIT members in good standing VAT, corporate income tax, key tax administrative Application fee (non-refundable): R450.00. procedures and gives learners guidance on practice Once-off payment: Qualify for a 50% discount. management, ethics and responsibilities. The skills Monthly options: Application fee and a 25% discount on the gained in this module will ensure that theoretical total amount. * The discount will decrease the number of debit knowledge can be practically applied in the orders and not the monthly amount, thus 12 months would become completion and submission of tax returns without 9 months of debit orders. errors namely the ITR14 and VAT201 returns as well as the IT14SD. FOR MORE INFORMATION ON THIS COURSE CLICK HERE taxfaculty.ac.za 5
DIPLOMA: TAX TECHNICIAN The knowledge and practical skills gained in this qualification will provide course participants with the foundational knowledge and practical skills to perform SARS tax compliance functions and services, including the preparation and submission of tax returns. Completion of this course, as well as the knowledge, practical skills and workplace experience modules, provides entry into the final external integrated summative assessment (EISA) which is administered by the South African Institute of Tax Professionals (SAIT) and the Quality Council of Trades and Occupations (QCTO). COURSE DELIVERY The knowledge and practical components of the DURATION OF THE COURSE course are delivered via The Tax Faculty’s virtual 30 months. campus and webinar platforms whilst the final EISA exam is administered by SAIT at an additional fee. LANGUAGE The teaching medium is English. On successful completion of the EISA, you REGISTRATION REQUIREMENTS will receive the Tax Technician Occupational A senior certificate or equivalent NQF 4 qualification. At least Qualification from QCTO. Successful learners will be one-year experience in completing tax returns. eligible to maintain/apply for membership of SAIT FEES and the designation Tax Technician (SA). Payment option 1: Once-off payment Once-off payment: R43 564.00. Payment option 2: Debit order Application fee (non-refundable): R450.00. COURSE PROGRAMME 20 instalments: R2 505.00 per month. Total: R50 100.00. The tasks of a Tax Technician include the Payment option 3: SAIT members in good standing demonstration of the following competencies: discount Application fee (non-refundable): R450.00. • Registering a taxpayer, calculation and finalising Once-off payment: Qualify for a 50% discount. income tax, payroll tax and VAT returns for both Monthly options: Application fee (non-refundable) of R450.00 and a 25% discount on the total amount. Individuals and Corporates. • Analysing assessments. * The discount will decrease the number of debit orders and not the monthly amount. • Initiating disputes as part of dispute resolution. FOR MORE INFORMATION ON THIS COURSE CLICK HERE taxfaculty.ac.za 6
DIPLOMA: TAX TECHNICIAN (ACCELERATOR PROGRAMME) The knowledge and practical skills gained in this bridging programme for experienced tax practitioners will provide course participants with the foundational knowledge and practical skills to perform SARS tax compliance functions and services, including the preparation and submission of tax returns. Completion of this course, as well as the knowledge, practical skills and workplace experience modules, provides entry into the final external integrated summative assessment (EISA) which is administered by the South African Institute of Tax Professionals (SAIT) and the Quality Council of Trades and Occupations (QCTO). COURSE DELIVERY The Tax Faculty recognises that learning is achieved through past experience and therefore the learning DURATION OF THE COURSE 18 months. journey will begin with a diagnostic from which tailored learning journeys are implemented, giving you the best opportunity to gain your qualification LANGUAGE The teaching medium is English. without having to start from scratch. The knowledge and practical components of the ENTRY REQUIREMENTS NQF 4 with at least three years’ working experience and course are delivered via The Tax Faculty’s virtual recently completed annual tax CPD programme updates campus and webinar platforms whilst with SAIT or similar such as SARS internal training. the final EISA exam is administered by the SAIT at an additional fee. On successful completion of the EISA, FEES you will receive the Tax Technician Occupational Payment option 1: Once-off payment Qualification from QCTO. Successful learners will be Once-off payment: R27 500.00. eligible to maintain/apply for membership of SAIT and the designation Tax Technician (SA). Payment option 2: Debit order Application fee (non-refundable): R450.00. 12 instalments: R2 635.00 per month. COURSE PROGRAMME Total: R31 620.00. Payment option 3: SAIT members in good standing The occupational tasks of a Tax Technician include Application fee (non-refundable): R450.00. the demonstration of the following competencies: Once-off payment: Qualify for a 50% discount. • Registering a taxpayer, calculation and finalising Monthly options: Application fee and a 25% discount on the of income tax, payroll tax and VAT returns. total amount. * The discount will decrease the number of debit orders and not the monthly amount, thus 12 months would become • Developing packs for audit purposes. 9 months of debit orders. • Analysing assessments. • Initiating disputes as part of dispute resolution. FOR MORE INFORMATION ON THIS COURSE CLICK HERE taxfaculty.ac.za 7
SPECIALIST DIPLOMA: TAX PROFESSIONAL (ACCELERATOR PROGRAMME) This bridging programme for experienced tax practitioners provides participants with the advanced skill to practice as a tax consultant and advisor. Successful course participants will be eligible to apply for membership of the South African Institute of Tax Professionals (SAIT) and the designation Tax Advisor (SA). Completion of this course, as well as the knowledge, practical skills and workplace experience modules, provides entry into the final external integrated summative assessment (EISA) which is administered by SAIT and the Quality Council of Trades and Occupations (QCTO). COURSE DELIVERY The Tax Faculty recognises that learning is achieved DURATION OF THE COURSE through past experience and therefore the learning 18 months. journey will begin with a diagnostic from which tailored learning journeys are implemented, giving Semester 1: Taxation of Individuals (6 months). you the best opportunity to gain your qualification Semester 2: Taxation of Corporates (6 months). without having to start from scratch. Semester 3: Auxiliary topics and EISA preparation (6 months). The knowledge and practical components of the LANGUAGE The teaching medium is English. course are delivered via The Tax Faculty’s virtual campus and webinar platforms whilst the final REGISTRATION REQUIREMENTS EISA exam is administered by SAIT at an additional NQF 7 such as BCom in the fields of commerce, accountancy fee. On successful completion of the EISA, you or law (or equivalent). Three years tax experience or signed will receive the Tax Professional Occupational learnership. Qualification from QCTO. FEES Payment option 1: Once-off payment Once-off payment: R29 500.00. COURSE OUTCOME Payment option 2: Debit order Application fee (non-refundable): R450.00. The occupational tasks of a Tax Professional include 12 instalments: R2 827.00 per month. the demonstration of the following competencies at Total: R33 924.00. an advanced level: Payment option 3: SAIT members in good standing Application fee (non-refundable): R450.00. • Registering a taxpayer and finalising income tax, Once-off payment: Qualify for a 50% discount. Monthly options: Application fee and a 25% discount on the payroll tax and VAT returns. total amount. * The discount will decrease the number of debit • Reviewing or auditing tax balances. orders and not the monthly amount, thus 12 months would become • Mediating tax disputes. 9 months of debit orders. • Writing tax opinions. FOR MORE INFORMATION ON THIS COURSE CLICK HERE taxfaculty.ac.za 8
02 PROFESSIONAL CERTIFICATES Three to twelve-month certificates Taxation of Individuals 10 Taxation of Corporates 11 Transfer Pricing and International Tax 12 Principles of International Taxation 13 Transfer Pricing 14 Estate and Trust Administration 15 Payroll Taxes and Administration 16 Tax Opinion and Dispute Writing 17 taxfaculty.co.za
PROFESSIONAL CERTIFICATE IN TAXATION OF INDIVIDUALS This is the first semester module of the Professional Certificate in Taxation and can be taken as a standalone module. The outcome of this module is to ensure participants are able to submit individual tax returns without errors including the ITR12, IRP6, EMP501 and EMP201 returns. It covers the fundamentals of taxation, salaried employees’ income tax, self-employed individual taxes (including farming) and payroll taxes. It also covers basic elements of international taxation, donations tax, retirement fund savings and capital gains tax. COURSE DELIVERY The professional certificate is delivered by The Tax Faculty through the virtual campus and webinar DURATION OF THE COURSE platforms. The course material is built upon practical 6 months. simulations and simulates reality in a tax practice. LANGUAGE The teaching medium is English. COURSE PROGRAMME REGISTRATION REQUIREMENTS A senior certificate or equivalent qualification. The knowledge and practical skills across the following topics are covered: FEES Payment option 1: Once-off payment • Income (individuals). R11 950.00 (incl. VAT). • Deductions (individuals). • Salaried employees. Payment option 2: Debit order • International tax. Application fee (non-refundable): R450.00 (incl. VAT). • Retirement fund savings. Six instalments: R2 290.00 per month (incl. VAT). • Farming. Total: R13 740.00 (incl. VAT). • Capital gains tax (individuals). • Donations tax. • Prepaid tax. • Practical payroll. For each section you will receive guidance on how to practically complete the return, practical case studies (self-paced) and a detailed lecture. FOR MORE INFORMATION ON THIS COURSE CLICK HERE taxfaculty.ac.za 10
PROFESSIONAL CERTIFICATE IN TAXATION OF CORPORATES This is the second semester module of the Professional Certificate in Taxation and can be taken as a standalone module. The module will cover VAT, corporate income tax, key tax administrative procedures and gives participants guidance on practice management, ethics and responsibilities. The course is divided into a theoretical knowledge and a practical simulation component. The simulation component will ensure that theoretical knowledge can be practically applied in the completion and submission of tax returns without errors namely the ITR14 and VAT201 returns as well as the IT14SD. COURSE DELIVERY The professional certificate is delivered by The Tax Faculty through the virtual campus and webinar DURATION OF THE COURSE platforms. The course material is built upon practical 6 months. simulations and simulates reality in a tax practice. LANGUAGE The teaching medium is English. COURSE PROGRAMME REGISTRATION REQUIREMENTS This semester module forms part of the Professional Certificate in Taxation and the first module (Certificate in Taxation of The knowledge and practical skills across the Individuals) needs to be completed before attempting this following topics are covered: module. • The world of business tax. FEES • Value-added tax (VAT). Payment option 1: Once-off payment • Income (corporates). R11 950.00 (incl. VAT). • Deductions (corporates). • Capital allowances. Payment option 2: Debit order • Capital gains tax (corporates). Application fee (non-refundable): R450.00 (incl. VAT). • Dividends tax. Six installments: R2 290.00 per month (incl. VAT). Total: R13 740.00 (incl. VAT). • Taxation of other entities. • Trusts. • Tax Administration Act. • Tax avoidance and evasion. FOR MORE INFORMATION ON THIS COURSE CLICK HERE taxfaculty.ac.za 11
PROFESSIONAL CERTIFICATE IN TRANSFER PRICING AND INTERNATIONAL TAX International tax and transfer pricing is a complex speciality that represents a unique blend of tax law, accounting, business practice and economics and remains a top priority for revenue authorities globally, with a growing emphasis on audits and disputes. The purpose of this professional certificate is to equip learners with the adequate skills to understand the intricacies of the international tax laws, transfer pricing rules and methods, compliance issues and dispute resolution within a South African context. COURSE DELIVERY The course is delivered via The Tax Faculty’s virtual campus via an interactive online platform. DURATION OF THE COURSE 12 months. LANGUAGE COURSE PROGRAMME The teaching medium is English. The course is delivered across two semesters: REGISTRATION REQUIREMENTS Open to individuals currently working within transfer pricing Semester 1: Focus on international tax or for experienced tax practitioners/accountants wanting to specialise in transfer pricing. • Basic principles of international tax law. • Double taxation conventions (DTCs), focusing on An NQF7 qualification in taxation, law or accounting is the Organisation for Economic Co-operation and recommended. Development (OECD) model tax convention. • Transfer pricing and thin capitalisation rules. FEES • International tax avoidance. Payment option 1: Once-off payment • Miscellaneous topics. R22 950.00 (incl. VAT). Semester 2: Transfer pricing specialism Payment option 2: Debit order • Fundamental sources. Application fee (non-refundable): R450 (incl. VAT). • The arm’s length principle. 12 instalments: R2 199.00 per month (incl. VAT). • Functional analysis. Total: R26 392.50 (incl. VAT). • Transfer pricing methods. • Comparability. Payment option 3: SAIT members in good standing discount • Specific transactions. Once-off payment: Qualify for a 25% discount. • Permanent establishments. Monthly options: application fee (non-refundable) of R450.00 • Compliance issues and required documentation. and a 25% discount on the total amount. * The discount will • Application within the ITR14. decrease the number of debit orders and not the monthly amount, • Avoiding double taxation. thus 12 months would become 9 months of debit orders. • Dispute resolution. FOR MORE INFORMATION ON THIS COURSE CLICK HERE taxfaculty.ac.za 12
PROFESSIONAL CERTIFICATE IN PRINCIPLES OF INTERNATIONAL TAXATION The purpose of this professional certificate is to equip learners with the adequate skills to understand the intricacies of the international tax laws. It will develop learners’ understanding of double taxation conventions, transfer pricing, thin capitalisation rules and international tax avoidance. The course prepares learners to successfully complete the first compulsory module of the Advanced Diploma in International Tax (ADIT), offered in partnership with the Chartered Institute of Taxation. COURSE DELIVERY The course is delivered via The Tax Faculty’s DURATION OF THE COURSE virtual campus via an interactive online platform. 6 months. Learning resources include study guides, prescribed reading, numerous short video lectures, short self- LANGUAGE assessments and longer simulated scenarios. The teaching medium is English. REGISTRATION REQUIREMENTS Open to individuals currently working within transfer pricing COURSE PROGRAMME or for experienced tax practitioners/accountants wanting to specialise in transfer pricing. An NQF 7 qualification in taxation, law or accounting is recommended. The course is divided into five parts: 1. Basic principles of international tax law. FEES 2. Double taxation conventions (DTCs), focusing on Payment option 1: Once-off payment the Organisation for Economic Co-operation and R11 950.00 (incl. VAT). Development (OECD) model tax convention. Payment option 2: Debit order 3. Transfer pricing and thin capitalisation rules Application fee (non-refundable): R450.00 (incl. VAT). 4. International tax avoidance. Six instalments: R2 290.00 per month (incl. VAT). 5. Miscellaneous topics. Total: R13 740.00 (incl. VAT). Further detail on each part is stipulated on our This fee excludes any external exams via SAIT or ADIT. website. FOR MORE INFORMATION ON THIS COURSE CLICK HERE taxfaculty.ac.za 13
PROFESSIONAL CERTIFICATE IN TRANSFER PRICING Transfer pricing is a complex specialty that represents a unique blend of tax law, accounting, business practice and economics, and remains a top priority for revenue authorities globally, with a growing emphasis on audits and disputes. This professional certificate covers the fundamentals of transfer pricing both on a compliance and advisory level. COURSE DELIVERY The course is delivered via The Tax Faculty’s DURATION OF THE COURSE virtual campus via an interactive online platform. 6 months. Learning resources include study guides, prescribed reading, numerous short video lectures, short self- LANGUAGE assessments and longer simulated scenarios. The teaching medium is English. REGISTRATION REQUIREMENTS Open to individuals currently working within transfer pricing COURSE PROGRAMME or for experienced tax practitioners/accountants wanting to specialise in transfer pricing. It is preceded by The Professional Certificate in Principles of International Taxation; therefore, a The course will cover the following modules and base level of transfer pricing and tax knowledge is required. topics: 1. Fundamental sources. An NQF 7 qualification in taxation, law or accounting is 2. The arm’s length principle. recommended. 3. Functional analysis. 4. Transfer pricing methods. FEES 5. Comparability. Payment option 1: Once-off payment R11 950.00 (incl. VAT). 6. Specific transactions. 7. Permanent establishments. Payment option 2: Debit order 8. Compliance issues and required documentation. Application fee (non-refundable): R450.00 (incl. VAT). 9. Application within the ITR14. Six instalments: R2 290.00 per month (incl. VAT). 10. Avoiding double taxation. Total: R13 740.00 (incl. VAT). 11. Dispute resolution. FOR MORE INFORMATION ON THIS COURSE CLICK HERE taxfaculty.ac.za 14
PROFESSIONAL CERTIFICATE IN ESTATE AND TRUST ADMINISTRATION This professional certificate covers the planning and administration of deceased estates (including insolvent deceased estates), trusts, basic tax principles involved, and the functions of the Master of the High Court. It will also address the matrimonial property regime, as well as testate and intestate succession, with a focus on the relevant pieces of legislation. The course will also equip participants with the theoretical and practical knowledge required to effectively use trusts and other vehicles in estate planning. COURSE DELIVERY The professional certificate is delivered by The Tax Faculty through the virtual campus and webinar DURATION OF THE COURSE platforms. 7 months. LANGUAGE The teaching medium is English. COURSE PROGRAMME REGISTRATION REQUIREMENTS After an induction and orientation session, the A minimum of a senior certificate with a basic understanding of theoretical fundamentals of administration of taxable income and appropriate experience in administration estates and trusts are covered including: of estates. • The estates landscape. FEES • Trust law and practice. Payment option 1: Once-off payment • Donations tax and estate duty. Total: R11 950.00 (incl. VAT). • Income tax and estate planning. Payment option 2: Debit order • Administration of deceased estates. Application fee (non-refundable): R450.00 (incl. VAT). Upon successful completion of the theoretical Seven instalments: R1 790.00 per month (incl. VAT). modules, a series of real-life practical simulations are Total: R12 530.00 (incl. VAT). presented which bridges the gap between theory and successful practical application. FOR MORE INFORMATION ON THIS COURSE CLICK HERE taxfaculty.ac.za 15
PROFESSIONAL CERTIFICATE IN PAYROLL TAXES AND ADMINISTRATION This professional certificate provides foundational technical training relating to payroll and employee taxation, including the practical elements of completing a basic payroll run and submitting the relevant SARS returns. The course is focused on integrating theory by simulating the real-life world of work and will enable participants to advance their career in payroll administration. COURSE DELIVERY This professional certificate is delivered by The Tax DURATION OF THE COURSE Faculty through the virtual campus and webinar 6 months. platforms. LANGUAGE The teaching medium is English. COURSE PROGRAMME REGISTRATION REQUIREMENTS A senior certificate or equivalent qualification or • Understanding the world of tax and payroll. appropriate experience. • Statutory requirements. • Income related to salaried employees. FEES • Fringe benefits. Payment option 1: Once-off payment • Allowances. Total: R11 950.00 (incl. VAT). • Payroll process. Payment option 2: Debit order • Payroll reports. Application fee (non-refundable): R450.00 (incl. VAT). • Third party requirements. • Monthly returns and reports. Six instalments: R2 290.00 per month (incl. VAT). Total: R13 740.00 (incl. VAT). • Annual returns and reports. FOR MORE INFORMATION ON THIS COURSE CLICK HERE taxfaculty.ac.za 16
PROFESSIONAL CERTIFICATE IN TAX OPINION AND DISPUTE WRITING The purpose of this professional certificate programme is to develop the critical research, problem solving and writing skills to draft Tax Administration Act (TAA) compliant tax opinions that will mitigate the South African Revenue Service (SARS) penalty risk. It will equip learners to effectively respond to SARS letter of audit findings and prepare technical sound SARS objections and appeals. COURSE DELIVERY The course is divided into four parts: DURATION OF THE COURSE 6 months. 1. Understanding the Tax Administration framework. LANGUAGE The teaching medium is English. 2. Issue identification, research and internal issue memoranda. REGISTRATION REQUIREMENTS 3. Advisory opinions. A minimum of BCom or LLB degree. Completed three years structured work experience in tax, 4. Controversy. accounting or law or five years unstructured experience. Each part will contain a number of lecture videos FEES and practical study notes which are available via Payment option 1: Once-off payment iLearn (our interactive, online learning platform). R13 950.00 (incl. VAT). This will be followed by two practical assignments Payment option 2: Debit order and two reflective virtual classrooms to develop Application fee (non-refundable): R450.00 (incl. VAT). critical thinking skills. Six installments: R2 674.00 per month (incl. VAT). Total: R16 044.00 (incl. VAT). FOR MORE INFORMATION ON THIS COURSE CLICK HERE taxfaculty.ac.za 17
03 SHORT COURSES One to three-month certificates Value-Added Tax 19 Accounting for Tax in Financial Statements 20 International Value-Added Tax and Trade 21 taxfaculty.co.za
SHORT COURSE IN VALUE-ADDED TAX This short course is designed to empower course participants with applied working and practical knowledge of the fundamentals of value-added tax (VAT), whilst focusing on simulated real-life scenarios and the VAT 201 form. During this practical short course, you will gain the skills to assist your business with implementing VAT correctly and how to thrive in the Fourth Industrial Revolution. COURSE DELIVERY The professional certificate is delivered by The Tax Faculty through the virtual campus, webinar DURATION OF THE COURSE platforms and practical simulations. 3 months. LANGUAGE The teaching medium is English. COURSE PROGRAMME ENTRY REQUIREMENTS Experience in taxation of individuals and trusts are required. An Topic 1: Introduction and calculation of VAT, NQF 4 in the field of tax or law is recommended. registration and how to complete a VAT 201 return. Topic 2: Output VAT including zero-rated, exempt FEES Payment option 1: Once-off payment supplies, deemed supplies, and how to complete an Total: R4 980.00 (incl. VAT). IT14SD. Payment option 2: Debit order Topic 3: Input VAT including general input Application fee (non-refundable): R450.00 (incl. VAT). deductions, input VAT, specific inputs, notional input Three instalments: R1 908.00 per month (incl. VAT). tax, agent principal transaction and apportionment. Total: R5 724.00 (incl. VAT). Topic 4: Dispute resolutions and how to submit objections, appeals, ruling applications and requests for remissions. Topic 5: Fourth Industrial Revolution and how data extractions can assist your business to perform VAT reconciliations and VAT saving reviews. FOR MORE INFORMATION ON THIS COURSE CLICK HERE taxfaculty.ac.za 19
SHORT COURSE IN ACCOUNTING FOR TAX IN FINANCIAL STATEMENTS The short course delves into specific considerations, theoretical aspects and calculations relating to financial statements and accounting for taxation. The course will provide you with a good understanding of the accounting treatment and reconciliation of income tax and deferred tax in the statement of profit and loss and comprehensive income and statement of financial position. We will also briefly discuss the accounting treatment of other taxes such as dividend tax, donations tax and foreign taxes. COURSE DELIVERY This short course is delivered by The Tax Faculty through the virtual campus and webinar platforms. DURATION OF THE COURSE 2 months. LANGUAGE COURSE PROGRAMME The teaching medium is English. ENTRY REQUIREMENTS Topic 1: Accounting for current income tax. The course is geared towards tax law experts who do not have an accounting background. Topic 2: Accounting for deferred tax. Assessments are via short multiple-choice quizzes and a final Topic 3: Disclosure in the financial statements. assignment. Successful candidates will receive a certificate of competence and 10 CPD-hours. Topic 4: Reconciling SARS balances. FEES Topic 5: Accounting treatment of other taxes Payment option 1: Once-off payment (dividend tax, donations tax, foreign taxes and Total: R3 000.00 (incl. VAT). indirect taxes). Payment option 2: Debit order Application fee (non-refundable): R450.00 (incl. VAT). Topic 6: Ratios in financial statements and Two instalments: R1 600.00 per month (incl. VAT). management accounts. Total: R3 200.00 (incl. VAT). Topic 7: Let’s get practical: a simulated scenario integrating the knowledge from all the topics. FOR MORE INFORMATION ON THIS COURSE CLICK HERE taxfaculty.ac.za 20
SHORT COURSE IN INTERNATIONAL VALUE-ADDED TAX AND TRADE South Africa has a destination-based value-added tax (VAT) system. The VAT rules dealing with the international movement of goods or services are closely linked to the rules governing customs and excise, exchange control, as well as general commercial rules governing international trade. This online, interactive, short course covers the relevant rules governing international trade from a customs and VAT perspective and explores other regulatory frameworks in a practical manner. COURSE DELIVERY This short course is delivered by The Tax Faculty through the virtual campus and webinar platforms. DURATION OF THE COURSE 3 months. LANGUAGE COURSE PROGRAMME The teaching medium is English. The knowledge and practical skills across the ENTRY REQUIREMENTS Minimum NQF 4, however, NQF 6 with a good understanding following topics are covered: of the VAT Act is recommended. • International movement of goods and services. FEES • Direct exports of goods. Payment option 1: Once-off payment • Indirect exports of goods. R5 950.00 (incl. VAT). • Zero-rated supplies to foreign going ships and aircraft, and to foreign railway operators. Payment option 2: Debit order • Zero-rated export related services. Application fee (non-refundable): R450.00 (incl. VAT). • Importation of goods. Three instalments: R2 200.00 per month (incl. VAT). • Input tax on imported goods. Total: R 6 600.00 (incl. VAT). • Imported services. FOR MORE INFORMATION ON THIS COURSE CLICK HERE taxfaculty.ac.za 21
Riverwalk Office Park | 41 Matroosberg Road | Ashlea Gardens | Pretoria registrations@taxfaculty.co.za +27 (0)12 943 7002 taxfaculty.ac.za GET SOCIAL WITH US @TheTaxFaculty @thetaxfaculty
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