TAX1501/103/3/2022
Tutorial Letter 103/3/2022
TAXATION OF SALARIED PERSONS
TAX1501
Both semesters
Department of Taxation
Bar code
, 2
© 2022 University of South Africa
All rights reserved
Printed and published by the
University of South Africa
Muckleneuk, Pretoria
TAX1501/103/3/2022
Shutterstock.com images used
IMPORTANT INFORMATION:
Please register on the online platform, activate your myLife e-mail address, and ensure
that you have regular access to the TAX1501-22-S1 OR TAX1501-22-S2 online
module site, depending on which semester you are registered for.
Note: This is an online module; therefore, your module is available on the online platform.
.
, 3 TAX1501/103
CONTENTS
Page
1. GENERAL ................................................................................................................................. 4
LEARNING UNIT 5 .................................................................................. Error! Bookmark not defined.
5.1 Background.............................................................................................................................. 7
5.2 Definition of gross income ........................................................................................................ 8
5.3 Definition of resident .............................................................................................................. 13
5.4 Summary of requirements for gross income ........................................................................... 14
5.5 Specific inclusions in gross income ........................................... Error! Bookmark not defined.
5.6 Exempt income ......................................................................... Error! Bookmark not defined.
5.7 Travel allowance 21
LEARNING UNIT 6 ........................................................................................................................... 43
6.1 Background............................................................................................................................ 44
6.2 Definition of the general deduction formula ............................................................................ 46
6.3 Carrying on a trade ................................................................................................................ 47
6.4 Summary of the requirements for the general deduction formula ........................................... 47
6.5 Prohibited deductions ............................................................................................................ 51
LEARNING UNIT 7 ........................................................................................................................... 62
7.1 Background............................................................................................................................ 64
7.2 Right of use of motor vehicle .................................................................................................. 66
7.3 Meals, refreshments and vouchers ........................................................................................ 68
7.4 Residential accommodation ................................................................................................... 70
7.5 Low-interest loans .................................................................................................................. 71
7.6 Contributions to funds ............................................................................................................ 84
7.7 Travel allowance .................................................................................................................... 90
, 4
1. GENERAL
Please use this document to guide you through the contents of this module.
We wish you every success with your studies in taxation. Make the most of your opportunity to learn about
this dynamic and practical subject. If you work through the module diligently and practice the examples
on your own, then you will be well on your way to successfully completing this module.
Regards
TAX1501
Tutorial Letter 103/3/2022
TAXATION OF SALARIED PERSONS
TAX1501
Both semesters
Department of Taxation
Bar code
, 2
© 2022 University of South Africa
All rights reserved
Printed and published by the
University of South Africa
Muckleneuk, Pretoria
TAX1501/103/3/2022
Shutterstock.com images used
IMPORTANT INFORMATION:
Please register on the online platform, activate your myLife e-mail address, and ensure
that you have regular access to the TAX1501-22-S1 OR TAX1501-22-S2 online
module site, depending on which semester you are registered for.
Note: This is an online module; therefore, your module is available on the online platform.
.
, 3 TAX1501/103
CONTENTS
Page
1. GENERAL ................................................................................................................................. 4
LEARNING UNIT 5 .................................................................................. Error! Bookmark not defined.
5.1 Background.............................................................................................................................. 7
5.2 Definition of gross income ........................................................................................................ 8
5.3 Definition of resident .............................................................................................................. 13
5.4 Summary of requirements for gross income ........................................................................... 14
5.5 Specific inclusions in gross income ........................................... Error! Bookmark not defined.
5.6 Exempt income ......................................................................... Error! Bookmark not defined.
5.7 Travel allowance 21
LEARNING UNIT 6 ........................................................................................................................... 43
6.1 Background............................................................................................................................ 44
6.2 Definition of the general deduction formula ............................................................................ 46
6.3 Carrying on a trade ................................................................................................................ 47
6.4 Summary of the requirements for the general deduction formula ........................................... 47
6.5 Prohibited deductions ............................................................................................................ 51
LEARNING UNIT 7 ........................................................................................................................... 62
7.1 Background............................................................................................................................ 64
7.2 Right of use of motor vehicle .................................................................................................. 66
7.3 Meals, refreshments and vouchers ........................................................................................ 68
7.4 Residential accommodation ................................................................................................... 70
7.5 Low-interest loans .................................................................................................................. 71
7.6 Contributions to funds ............................................................................................................ 84
7.7 Travel allowance .................................................................................................................... 90
, 4
1. GENERAL
Please use this document to guide you through the contents of this module.
We wish you every success with your studies in taxation. Make the most of your opportunity to learn about
this dynamic and practical subject. If you work through the module diligently and practice the examples
on your own, then you will be well on your way to successfully completing this module.
Regards
TAX1501
