As technology replaces routine transactions, it is crucial that you understand the practical knowledge of value-added tax (VAT). In order to remain relevant in the Fourth Industrial Revolution, you will need to be able to utilise technology via data extractions to perform VAT reconciliations and VAT saving reviews.
This short learning programme (SLP) is designed to empower you with this crucial skill in addition to the applied working and practical knowledge of the fundamentals of VAT, whilst focusing on simulated real-life scenarios and the VAT 201 form.
After the successful completion of this course, you will have gained the skills and knowledge to identify crucial VAT savings for your own business, employer, or client’s business.
Mode of delivery
Online learning with flexible weekly study plans.
Duration and effort
Duration: 12 weeks.
Weekly effort: Four to six hours per week.
What you will learn in this course
The following modules include both the knowledge and practical skills in order to master the subject:
-
Introduction and calculation of VAT.
-
Output VAT.
-
Input tax.
-
Rulings and interpretation, VAT adjustments and dispute resolution process.
-
VAT management.
Admission requirements
-
A national senior certificate or equivalent NQF 4 qualification, with a minimum of 40% in English, Maths or Maths Literacy and one other academic subject.
-
A sufficient level of mathematical and computer literacy skills to be able to participate in the learning programme.
-
English communication skills.
This course is for you if:
-
You want to gain the required practical and technical skills to complete VAT returns.
-
You are a bookkeeper or tax practitioner responsible for calculating and submitting VAT submissions on behalf of a company.
-
You require a VAT refresher course.
Outcomes
After successful completion of the course, you will be able to:
-
Demonstrate the ability to gather and use information from a range of sources and communicate information reliably, accurately, and coherently, using conventions and computerised tools appropriate to the business context to complete VAT returns and perform VAT calculations.
-
Apply an informed understanding of the legal VAT requirements and context applicable in South Africa and its impact on taxpayers.
-
Demonstrate an informed understanding of the core areas of VAT as well as the key terms, concepts, facts, general principles, rules, and theories related to VAT.
-
Compute, complete and review routine tax returns and calculations related to VAT.
Accreditation
This course is presented as a SLP by The Tax Faculty (TTF). TTF is recognised as a continuous professional development (CPD) provider by controlling bodies accredited in terms of the Tax Administration Act, 2011 (Act No 28 of 2011), and holds accreditation with the Quality Council for Trades and Occupations (QCTO) as a skills development partner (SDP) under the Skills Development Act, 1998 (Act No 97 of 1998).
Assessment and award of certificate
Learners are assessed via a number of practical assignments and a final integrated assessment. Successful learners will receive a SLP certificate of competence issued by The Tax Faculty. In addition, this just-in-time learning programme also qualifies for verifiable Tax CPD.
Student support and online campus
The academic and practical skills component of the qualification is delivered on The Tax Faculty's online Tax Campus.
This will be your virtual campus for the duration of the programme. The course is presented as micro-learning videos, study guides, practice quizzes, discussion forums, practical case studies, assignment briefs and guided presentations on how to master case studies and assignments. Academic lecturers are available on the Q&A portal as they would be in a classroom.
At the beginning of each semester, you'll be presented with the course content plan, a study plan and important assignment dates which are set out at manageable deadlines. This will help you study at your own pace.
In addition, you will be allocated a course consultant who will help you navigate the online campus, support you with your weekly participation and deadlines, and will be able to answer any administrative queries you may have.
Flexible payment options
Payment option 1: Once-off payment
Total: R5 950.00.
Payment option 2: Debit order
Application fee (non-refundable): R450.00.
Two instalments: R3 400.00 per month.
Total: R7 250.00.
* First debit order will be collected on course start date. Remaining debit orders will be collected on the first working day of each month.
Payments and cancellations
- All required minimum payments must be made by direct EFT or by credit card before the commencement of a course. The once-off payment is required to be paid before the course start date, as well as the application fee of learners on a debit order plan (the first debit order is also required on the start date of the course).
- Kindly note that should debit order payment terms not be adhered to; legal action will be taken and access to the online learning platform suspended.
- Proof of payment may also be requested before access to the online platform will be communicated, should your payment not reflect on The Tax Faculty’s bank account.
- Only written notice of cancellation will be accepted.
Conditions
For all short learning programmes (SLPs) with a seven-month or less rollout period, the following will apply:
-
If the cancellation is requested more than 10 working days prior to the course start date, no cancellation fee will be applicable.
-
If the cancellation occurs less than 10 working days prior to the course start date, a 100% cancellation fee will be applicable.
-
Students who register for a course and fail to attend will be held liable for the full course fee.
-
The course application fee is non-refundable.
-
The Tax Faculty’s liability in the case of a course being cancelled will be limited to a refund of the course fee.
-
Students who have failed to successfully complete the course, and wishing to repeat will be charged the full course fee to repeat.
Why wait?
Get your application in to avoid disappointment. Click below to start your application.
- Teacher: Barbara Roccon
- Teacher: Richelle Van den Berg
Does the concept of deferred tax and reviewing tax disclosures and reconciliations in the financial statement notes for tax risk intimidate you?
This professional certificate will provide you with the practical skills to account for all types of taxes in the financial statements and gain the skills to reconcile accounting tax balances to SARS tax balances.
After successfully completing this course, you will be able to calculate, reconcile and disclose current tax, deferred tax, and tax payable or receivable as well as the accounting treatment of other taxes such as dividends tax.
Mode of delivery
Online learning with flexible weekly study plans.
Duration and effort
Duration: 12 weeks.
Weekly effort: Four to six hours per week.
What you will learn in this course
The following modules include both the knowledge and practical skills in order to master the subject:
-
Accounting for current income tax.
-
Accounting for deferred tax.
-
Disclosure in the financial statements.
-
Reconciling SARS balances.
-
Accounting treatment of other taxes (dividend tax, donations tax, foreign taxes, and indirect taxes).
A simulated scenario integrating the knowledge from all the topics will be worked through prior to the final assessment.
Admission requirements
This is a short learning programme (SLP) and tested at a NQF level 8, it is therefore recommended that delegates have a degree in accounting, tax, or law. Experience with tax or financial accounting will be beneficial.
This course is for you if:
-
You are an accountant or tax professional who needs to calculate or review deferred tax and tax reconciliation statements under IFRS.
-
You’re a business owner, chief financial officer or financial director looking to understand how deferred tax can affect your financial performance and position and why the effective tax rate is different to the applicable tax rate of the company.
-
You’re a tax law expert who does not have an accounting background.
Outcomes
On successful completion of the course, you will be able to:
-
Demonstrate the ability to gather and use information from a range of sources and communicate information reliably, accurately, and coherently, using conventions and computerised tools appropriate to the business context.
-
Apply an informed understanding of the accounting treatment of current income tax and deferred tax in the annual financial statements of a company, as well as the legal framework and context applicable in South Africa.
-
Demonstrate an understanding of the core areas of the accounting treatment of various taxes in the Annual Financial Statements of a company. As well as an informed understanding of the key terms, concepts, facts, general principles, rules and theories of the accounting and tax profession.
-
Compute, complete and review current income tax and deferred tax calculations.
Accreditation
This course is presented as a short learning programme (SLP) by The Tax Faculty (TTF). TTF is recognised as a continuous professional development (CPD) provider by controlling bodies accredited in terms of the Tax Administration Act, 2011 (Act No 28 of 2011), and holds accreditation with the Quality Council for Trades and Occupations (QCTO) as a skills development partner (SDP) under the Skills Development Act, 1998 (Act No 97 of 1998).
Assessment and award of certificate
Learners are assessed via a number of practical assignments and a final integrated assessment. Successful learners will receive a SLP certificate of competence issued by The Tax Faculty.
In addition, this just-in-time learning programme also qualifies for verifiable Tax CPD.
Student support and online campus
The academic and practical skills component of the qualification is delivered on The Tax Faculty's online Tax Campus.
This will be your virtual campus for the duration of the programme. The course is presented as micro-learning videos, study guides, practice quizzes, discussion forums, practical case studies, assignment briefs and guided presentations on how to master case studies and assignments. Academic lecturers are available on the Q&A portal as they would be in a classroom.
At the beginning of each semester, you'll be presented with the course content plan, a study plan and important assignment dates which are set out at manageable deadlines. This will help you study at your own pace.
In addition, you will be allocated a course consultant who will help you navigate the online campus, support you with your weekly participation and deadlines, and will be able to answer any administrative queries you may have.
Flexible payment options
Payment option 1: Once-off payment
Total: R5 950.00.
Payment option 2: Debit order
Application fee (non-refundable): R450.00.
Two instalments: R3 400.00 per month.
Total: R7 250.00.
* First debit order will be collected on course start date. Remaining debit orders will be collected on the first working day of each month.
Payments and cancellations
- All required minimum payments must be made by direct EFT or by credit card before the commencement of a course. The once-off payment is required to be paid before the course start date, as well as the application fee of learners on a debit order plan (the first debit order is also required on the start date of the course).
- Kindly note that should debit order payment terms not be adhered to; legal action will be taken and access to the online learning platform suspended.
- Proof of payment may also be requested before access to the online platform will be communicated, should your payment not reflect on The Tax Faculty’s bank account.
- Only written notice of cancellation will be accepted.
Conditions
For all short learning programmes (SLPs) with a seven-month or less rollout period, the following will apply:
-
If the cancellation is requested more than 10 working days prior to the course start date, no cancellation fee will be applicable.
-
If the cancellation occurs less than 10 working days prior to the course start date, a 100% cancellation fee will be applicable.
-
Students who register for a course and fail to attend will be held liable for the full course fee.
-
The course application fee is non-refundable.
-
The Tax Faculty’s liability in the case of a course being cancelled will be limited to a refund of the course fee.
-
Students who have failed to successfully complete the course, and wishing to repeat will be charged the full course fee to repeat.
Why wait?
Get your application in to avoid disappointment. Click below to start your application.
- Teacher: Barbara Roccon
- Teacher: Richelle Van den Berg
Overview
As tax is both a legal requirement and social responsibility, it is critical that individuals and tax professionals have a solid grasp of the principles of taxation and their related obligations. This professional certificate will empower individuals with the skills to manage their own tax affairs. During this course, you will develop the knowledge and gain a deeper understanding of the tax rules and requirements. You will cover practical issues impacting individual taxes such Airbnb/rental income, home office expenses, medical tax credits and travel allowances. Upon completing this course, you will be equipped with the practical skills you need to calculate tax payable and to file an individual tax return (ITR12).
Mode of delivery
Online and self-paced.
Effort and duration
Minimum duration: 12 weeks. The course must be completed in 14 weeks.
Weekly effort: Four to ten hours per week.
What you will learn in this course
The course is delivered online and covers the following modules, topics, and practical areas:
Module 1: Introduction to taxation
Module 2: Income
-
Gross income (including capital in nature, resident, and non-resident).
-
Special inclusions (such as annuities, dividends and rental or Airbnb income).
-
Exempt (such as tax-free investments, alimony, bursaries etc.).
Module 3: Deductions
-
General deductions available to individuals:
-
Home office expenses.
-
Medical expenses and disability expenses.
-
Prohibited deductions such as fines.
-
Assessed losses.
-
Module 4: Fringe benefits
-
Right of use of an asset, including motor vehicle and residential accommodation.
-
Meals, refreshments, vouchers, and other services.
-
Low or zero interest rate loans and loan subsidies.
-
Medical aid contributions and retirement fund contributions.
Module 5: Allowances
-
Travel allowances and subsistence allowances.
-
Specific transactions (such as passive and foreign income).
-
Special deductions/tax credits including:
-
Contributions to retirement funds.
-
Medical rebates, and medical credits.
-
-
Completing the ITR12.
-
Calculating the tax for individual taxpayers.
-
Capital gains tax:
-
Chargeable and exempt assets (including the consequences of claiming home office expenses).
-
Admission requirements
A minimum of an NQF 4.
Outcomes
-
Calculate the taxable income of an individual taxpayer.
-
Demonstrate an understanding of when income received by an individual taxpayer should be taxed and when deductions are claimable.
-
Differentiate between fringe benefits and allowances and the inclusion in a taxpayer’s taxable income.
-
Evaluate various options for the structuring of salary packages.
-
Demonstrate when deductions (including home office expenses) are claimable and what the subsequent consequences of this deduction will be.
-
Calculate and explain the tax consequences related to allowances paid by an employer to an employee and the related deductions claimable against these allowances.
Accreditation
This course is presented as a short learning programme (SLP) by The Tax Faculty (TTF). TTF is accredited as a continuous professional development (CPD) provider by the South African Institute of Taxation (SAIT), a South African Revenue Services Recognised Controlling Body (RCB) under the Tax Administration Act, 2011 (Act No 28 of 2011).
TTF is registered as a skills development partner (SDP) under the Skills Development Act, 1998 (Act No 97 of 1998) by the Quality Council for Trades and Occupations (QCTO).
Assessment, NQF level and award of certificate
Learners are assessed via a number of formative and summative assessments. Successful learners will receive a SLP certificate issued by The Tax Faculty. This SLP certificate is non-credit bearing, however, successful learners articulating into the Occupational Certificate: Tax Technician (NQF 6) programme, will obtain recognition for prior learning (RPL) towards the NQF 6 qualification. In addition, this just-in-time learning programme also qualifies for verifiable CPD.
Student support and online campus
The academic and practical skills component of the qualification is delivered on The Tax Faculty's online Tax Campus.
This will be your virtual campus for the duration of the programme. The course is presented as micro-learning videos, study guides, practice quizzes, discussion forums, practical case studies, assignment briefs and guided presentations on how to master case studies and assignments. Academic lecturers are available on the Q&A portal as they would be in a classroom.
At the beginning of each semester, you'll be presented with the course content plan, a study plan and important assignment dates which are set out at manageable deadlines. This will help you study at your own pace.
In addition, you will be allocated a course consultant who will help you navigate the online campus, support you with your weekly participation and deadlines, and will be able to answer any administrative queries you may have.
Flexible payment options
Payment option 1: Once-off payment
Total: R5 950.00.
Payment option 2: Debit order
Application fee (non-refundable): R450.00.
Two instalments: R3 400.00 per month.
Total: R7 250.00.
* First debit order will be collected on course start date. Remaining debit orders will be collected on the first working day of each month.
Payments and cancellations
- All required minimum payments must be made by direct EFT or by credit card before the commencement of a course. The once-off payment is required to be paid before the course start date, as well as the application fee of learners on a debit order plan (the first debit order is also required on the start date of the course).
- Kindly note that should debit order payment terms not be adhered to; legal action will be taken and access to the online learning platform suspended.
- Proof of payment may also be requested before access to the online platform will be communicated, should your payment not reflect on The Tax Faculty’s bank account.
- Only written notice of cancellation will be accepted.
- Learners who have failed to successfully complete the course and wish to repeat, will be charged the full normal fee to repeat.
Conditions
For all short learning programmes (SLPs) with a seven-month or less rollout period, the following will apply:
-
If the cancellation is requested more than 10 working days prior to the course start date, no cancellation fee will be applicable.
-
If the cancellation occurs less than 10 working days prior to the course start date, a 100% cancellation fee will be applicable.
-
Students who register for a course and fail to attend will be held liable for the full course fee.
-
The course application fee is non-refundable.
-
The Tax Faculty’s liability in the case of a course being cancelled will be limited to a refund of the course fee.
Why wait?
Get your application in to avoid disappointment. Click below to start your application.
- Teacher: Barbara Roccon
- Teacher: Richelle Van den Berg
- Teacher: Hanri (TTF) van der Merwe