Gavin Bramley

Principles of Personal Income tax

Who should attend?

This program was specifically designed to meet  INSETA requirements for the unit standard SAQA US ID 10389, NQF level 4, 3 credits.

The program is designed to assist the learner with a basic understanding of Income Tax in South Africa.

Any one who wants to reduce their annual tax bill will benefit by attending this program. If you feel your accountant or book keeper is working for the tax man instead of you, a better understanding of income tax will go a long way to helping you to decide if you are in fact paying more than you need to,

It considers why we pay tax, what these raised taxes are used for, what an individuals tax liabilities and duties are. How to complete and calculate a personal income tax return.

What this seminar promises:

This informative and interactive program will considers why we pay tax, what these raised taxes are used for, what an individuals tax liabilities and duties are. It will cover how to complete and calculate a personal income tax return.

What kinds of direct and indirect taxed we pay in South Africa and what effect both these forms of tax have on the taxpayer. In other words, how much tax do we really pay, and what can we do to minimize these taxes.

What your responsibilities are as a taxpayer to pay your taxes and to keep records.

Several simple examples are worked through to facilitate an even better understanding of how tax is calculated that will inspire confidence in the attendee to perhaps even attempt to do his / her own tax in future, even if only to check up on the accountant!

Seminar content

Describing what constitutes income, what is taxable and what is not.

A brief look at VAT, Fuel taxes, sin taxes, death taxes, Capital Gains Tax, Income tax.

Documents that need to be retained for tax purposes and for how long.

What expenses may be used to claim a reduction in personal income tax and whether there are any limits to these claims.

The program also includes several practical examples that can be  worked through to enhance the understanding of how taxes are calculated, with particular emphasis on tax exemptions and claimable income tax deductions.