Faculty of Management Sciences
Chapter 1:Nature of
Income Tax
,CHAPTER 1 ON NATURE
OF INCOME TAXATION
, Objectives:
▶
Identify the different taxes levied by the
Income tax Act (SA)
▶
Identify the different taxes in South Africa
▶
Demonstrate how taxable income and tax
payable are calculated
▶
Describe how the Income Tax Act is
administered
Chapter 1:Nature of
Income Tax
,CHAPTER 1 ON NATURE
OF INCOME TAXATION
, Objectives:
▶
Identify the different taxes levied by the
Income tax Act (SA)
▶
Identify the different taxes in South Africa
▶
Demonstrate how taxable income and tax
payable are calculated
▶
Describe how the Income Tax Act is
administered