Company Tax Calculations Course

Corporate tax refers to a tax charged by the government on a company’s profits or net income. A business earns profits from different sources such as sales, capital gains, commission, and rent, among others. The tax imposed on these earnings is an essential source of revenue for the government.

During this course, all the different revenues taxable under South African law as well as the deductions allowed, will be unpacked in detail, in order to assist the learner to calculate the company tax obligations, correctly.

Content discussed:

• Income
  • Gross Income – Definition & Specific inclusions
  • Exempt Income
• Deductions
  • General deductions
  • Specific deductions
  • Capital allowances
• Taxable capital gains
• Taxation payable for different companies
  • SA Companies
  • Small business corporations
  • Nonresident companies
• Dividend tax
• Contributed tax capital
• Exemptions for dividend tax
• Tax implications of dividends to shareholders
• Trading stock
• Expenditure and allowances relating to Capital Assets
• Learnership Agreements
• Prepaid expenses