ACCA F6 (ZA) Taxation paper aims to develop knowledge and skills relating to the tax system as applicable to individuals, single companies, and groups of companies using South African Tax System.

EXAM AIM

To develop knowledge and skills relating to the tax system as applicable to individuals, single companies, and groups of companies using South African Tax System.

MAIN CAPABILITIES

 After completing this examination paper students should be able to:

  • Explain the operation and scope of the South African tax system and the obligations of tax payers and/or their agents
  • Explain and compute the income tax liabilities of individuals
  • Explain and compute the income tax liabilities of companies
  • Explain and compute the chargeable capital gains arising on companies and individuals
  • Explain and compute the effects of value added tax on incorporated and unincorporated businesses

RATIONALE

 This syllabus introduces candidates to the subject of taxation and provides the core knowledge of the underlying principles and major technical areas of taxation, as they affect the activities of individuals and businesses.

In this syllabus, candidates are introduced to the rationale behind and the functions of the tax system. The syllabus then considers the separate taxes that an accountant would need to have a detailed knowledge of, such as income tax relating to employment, independent trades and investments, the tax liability of companies, the value added tax liability of businesses; and chargeable capital gains arising on disposals of assets by both individuals and companies.

Having covered the core areas of the basic taxes, the candidate should be able to compute tax liabilities, explain the basis of their calculations, apply tax planning techniques for individuals and companies and identify the compliance issues for each major tax through a variety of business and personal scenarios and situations.

APPROACH TO EXAMINING THE SYLLABUS

The syllabus is assessed by a three-hour paper-based examination.

  • The paper will be predominantly computational and all questions are compulsory.
  • Section A of the exam comprises 15 multiple choice questions of 2 marks each.
  • Section B of the exam comprises four 10 mark questions and two 15 mark questions.
  • The two 15 mark questions will focus on income tax liabilities (syllabus area B) and company tax liabilities (syllabus area C).
  • The section A questions and the other questions in section B can cover any areas of the syllabus.

Course Curriculum

ACCA F6ZA SECTION A: The South African tax system
ACCA F6ZA A1: The overall function and purpose of taxation in a modern economy
ACCA F6ZA A1: The overall function and purpose of taxation in a modern economy Details 00:00:00
Quiz ACCA F6ZA A1: The overall function and purpose of taxation in a modern economy 00:00:00
ACCA F6ZA A2: Principal sources of revenue law and practice
ACCA F6ZA A2: Principal sources of revenue law and practice Details 00:00:00
Quiz ACCA F6ZA A2: Principal sources of revenue law and practice 00:00:00
ACCA F6ZA A3: The systems for assessment and the making of returns
ACCA F6ZA A3: The systems for assessment and the making of returns Details 00:00:00
Quiz ACCA F6ZA A3: The systems for assessment and the making of returns 00:00:00
ACCA F6ZA A4: The time limits for the submission of information, claims and payment of tax, including provisional tax
ACCA F6ZA A4: The time limits for the submission of information, claims and payment of tax, including provisional tax Details 00:00:00
Quiz ACCA F6ZA A4: The time limits for the submission of information, claims and payment of tax, including provisional tax 00:00:00
ACCA F6ZA A5: The procedures relating to enquiries, appeals and disputes
ACCA F6ZA A5: The procedures relating to enquiries, appeals and disputes Details 00:00:00
Quiz ACCA F6ZA A5: The procedures relating to enquiries, appeals and disputes 00:00:00
ACCA F6ZA A7: Tax Practitioner effects
ACCA F6ZA A7: Tax Practitioner effects Details 00:00:00
Quiz ACCA F6ZA A7: Tax Practitioner effects 00:00:00
ACCA F6ZA A8: Penalties for non-compliance
ACCA F6ZA A8: Penalties for non-compliance Details 00:00:00
Quiz ACCA F6ZA A8: Penalties for non-compliance 00:00:00
ACCA F6ZA SECTION B: Income tax liabilities
ACCA F6ZA B1: The scope of income tax
ACCA F6ZA B1: The scope of income tax Details 00:00:00
Quiz ACCA F6ZA B1: The scope of income tax 00:00:00
ACCA F6ZA B2: Income from employment
ACCA F6ZA B2: Income from employment Details 00:00:00
Quiz ACCA F6ZA B2: Income from employment 00:00:00
ACCA F6ZA B3: Income from independent trades
ACCA F6ZA B3: Income from independent trades Details 00:00:00
Quiz ACCA F6ZA B3: Income from independent trades 00:00:00
ACCA F6ZA B4: Property and investment income
ACCA F6ZA B4: Property and investment income Details 00:00:00
Quiz ACCA F6ZA B4: Property and investment income 00:00:00
ACCA F6ZA B5: The comprehensive computation of taxable income and income tax liability
ACCA F6ZA B5: The comprehensive computation of taxable income and income tax liability Details 00:00:00
Quiz ACCA F6ZA B5: The comprehensive computation of taxable income and income tax liability 00:00:00
ACCA F6ZA B6: The use of exemptions and reliefs in deferring and minimizing income tax liabilities
ACCA F6ZA B6: The use of exemptions and reliefs in deferring and minimizing income tax liabilities Details 00:00:00
Quiz ACCA F6ZA B6: The use of exemptions and reliefs in deferring and minimizing income tax liabilities 00:00:00
ACCA F6ZA SECTION C: Company tax liabilities
ACCA F6ZA C1: The scope of company tax
ACCA F6ZA C1: The scope of company tax Details 00:00:00
Quiz ACCA F6ZA C1: The scope of company tax 00:00:00
ACCA F6ZA C2: Profits chargeable to company tax
ACCA F6ZA C2: Profits chargeable to company tax Details 00:00:00
Quiz ACCA F6ZA C2: Profits chargeable to company tax 00:00:00
ACCA F6ZA C3: The comprehensive computation of company tax liability
ACCA F6ZA C3: The comprehensive computation of company tax liability Details 00:00:00
Quiz ACCA F6ZA C3: The comprehensive computation of company tax liability 00:00:00
ACCA F6ZA C4: The use of exemptions and reliefs in deferring and minimizing company tax liabilities
ACCA F6ZA C4: The use of exemptions and reliefs in deferring and minimizing company tax liabilities Details 00:00:00
Quiz ACCA F6ZA C4: The use of exemptions and reliefs in deferring and minimizing company tax liabilities 00:00:00
ACCA F6ZA SECTION D: Chargeable capital gains
ACCA F6ZA D1: The scope of the taxation of capital gains
ACCA F6ZA D1: The scope of the taxation of capital gains Details 00:00:00
Quiz ACCA F6ZA D1: The scope of the taxation of capital gains 00:00:00
ACCA F6ZA D2: The basic principles of computing gains and losses.
ACCA F6ZA D2: The basic principles of computing gains and losses. Details 00:00:00
Quiz ACCA F6ZA D2: The basic principles of computing gains and losses. 00:00:00
ACCA F6ZA D3: The computation of the tax on capital gains.
ACCA F6ZA D3: The computation of the tax on capital gains. Details 00:00:00
Quiz ACCA F6ZA D3: The computation of the tax on capital gains. 00:00:00
ACCA F6ZA D4: The use of exemptions and reliefs in deferring and minimizing tax liabilities arising on the disposal of capital assets
ACCA F6ZA D4: The use of exemptions and reliefs in deferring and minimizing tax liabilities arising on the disposal of capital assets Details 00:00:00
Quiz ACCA F6ZA D4: The use of exemptions and reliefs in deferring and minimizing tax liabilities arising on the disposal of capital assets 00:00:00
ACCA F6ZA SECTION E: Value added tax
ACCA F6ZA E1: The scope of value added tax (VAT)
ACCA F6ZA E1: The scope of value added tax (VAT) Details 00:00:00
Quiz ACCA F6ZA E1: The scope of value added tax (VAT) 00:00:00
ACCA F6ZA E2: The VAT registration requirements
ACCA F6ZA E2: The VAT registration requirements Details 00:00:00
Quiz ACCA F6ZA E2: The VAT registration requirements 00:00:00
ACCA F6ZA E3: The computation of VAT liabilities or assets
ACCA F6ZA E3: The computation of VAT liabilities or assets Details 00:00:00
Quiz ACCA F6ZA E3: The computation of VAT liabilities or assets 00:00:00
ACCA F6ZA E4: The effect of special schemes
ACCA F6ZA E4: The effect of special schemes Details 00:00:00
Quiz ACCA F6ZA E4: The effect of special schemes 00:00:00

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