Tax Happy Hour: Income Tax for Beginners

To provide participants with a basic overview of the following: Origins of Income Tax Principles and contributions to national budget. Income Tax as applicable to various taxpayers, i.e. Corporates, Trusts, Natural persons, Residents and Non-residents. Lay-out and taxes governed by the Income Tax Act Normal Tax Capital Gains Tax Donations Tax Interest WTH Tax Dividend Tax Schedules to the Income Tax Act Explanation of formula to derive at Taxable Income Gross Income Exempt Income Income Deductions S26A inclusion of Taxable Capital Gains Assessed losses Tax credits (Foreign Tax, PAYE, Provisional Tax)

1 CPD unit 23 April 2025 1 presenter

What will set you apart

By completing this course you will gain the following competencies

To provide participants with a solid understanding of the fundamentals of the Income Tax Act. This is necessary to enable participants to analyse complex tax problems in future.
To understand the basic concepts and lay-out of the Income Tax Act.
To apply principles to various types of taxpayers.
Resident and non-residents
Companies, Trusts, Natural Persons

Event breakdown

Why Income Tax?
Rationale for varying tax rates as applicable to Corporates, Trusts and individuals.
The layout of the Income Tax Act
What is Gross Income for residents and non-residents
What is exempt income and where to find this in the Income Tax Act
What is the concept of “Income”.
Where do I find qualifying deductions to arrive at “Taxable Income” as defined.
How is the 8 th Schedule (Capital Gains Tax) incorporated into Income Tax.
What is the purpose of the various schedules to the Income Tax Act.
Where do I find anti-avoidance legislation.
Where in the Income Tax Act do I find Donations Tax, Dividend Tax, Interest Withholding Tax.
What is the interaction between the Income Tax Act and the Tax Administration Act.

Category: TaxationType: CPD CourseCPD category: Tax

Description

Income Tax collected from individuals and corporates constitutes approximately 56% of total taxes collected by SARS. The vast majority of Income Tax courses deal with complex tax legislation as applied to complex areas of business. Tax practitioners would however not be able to provide valuable advice regarding complex tax issues unless he/she has a solid understanding of the fundamental principles of the Income Tax Act. This course is designed as a “go back to basics” course and will be invaluable for a tax professional who wish to refresh his/her memory as to the fundamentals of Income Tax as well as the aspiring tax professional who requires an overview of the basic principles of Income Tax.

Presenters

Johan Heydenrych — Johan Heydenrych is a Chartered Accountant and tax specialist with more than 30 years of experience in taxation. He was a Tax Partner at KPMG from 1997 to 2020 and is currently a Partner in the Kreston SA network. Johan holds an MCom in Taxation (Cum Laude) and advises clients across a wide range of industries on tax governance, compliance, disputes, technical tax matters, restructurings, mergers and acquisitions.

You will earn a certificate

On successful completion you will receive a certificate for 1 CPD unit in Tax.

Requirements

Laptop, desktop, or mobile device with internet access
Microsoft Edge, Google Chrome, Safari, or Firefox browser