Tax Happy Hour: Income Tax for Beginners – 23 April 2025

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)

Date:

23 April, 2025

Time:

16:00

Hours:

1 hour

CPD Units:

Category:

Taxation

Group:

Channel 1: Compliance

Format:

Webinar

Tax Happy Hour: Income Tax for Beginners - 23 April 2025

Out of stock

Product Information

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.

What will set you apart

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^thSchedule (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.

Certificate

The following event is awarded 3 CPD units in Taxation.

Presenter/s

Johan Heydenrych

Johan Heydenrych is a taxation specialist since 1991, Johan is known for his expertise in complex tax advisory and compliance, currently serving as a partner at Kreston SA.