ACCA P6 (ZA) Advanced Taxation aims to apply relevant knowledge, skills and exercise professional judgement in providing relevant information and advice to individuals and businesses on the impact of the major taxes on financial decisions and situations

MAIN CAPABILITIES

After completing this examination paper students should be able to:

  • Apply further knowledge and understanding of the South African tax system through the study of further taxes, together with more advanced topics within the taxes studied previously
  • Identify and evaluate the impact of relevant taxes on various situations and courses of action, including the interaction of taxes
  • Provide advice on minimizing and/or deferring tax liabilities by the use of standard tax planning measures
  • Communicate with clients, South African Revenue Service and other professionals in an appropriate manner.

RATIONALE

The Advanced Taxation syllabus further develops the key aspects of taxation introduced in the compulsory Taxation syllabus within the Skills module and extends the candidates’ knowledge of the tax system, together with their ability to apply that knowledge to the issues commonly encountered by individuals and businesses; such that successful candidates should have the ability to interpret and analyse the information provided and communicate the outcomes in a manner appropriate to the intended audience.

The syllabus builds on the basic knowledge of core taxes from the earlier taxation paper and introduces candidates to additional taxes in the form of donations tax, estate duty and transfer duty. As this is an optional paper, aimed at those requiring/desiring more than basic tax knowledge for their future professional lives, the syllabus also extends the knowledge of income tax, company tax and capital gains tax, to encompass further overseas aspects of taxation, the taxation of trusts and additional exemptions and reliefs.

Candidates are not expected to concentrate on the computational aspects of taxation. Instead this paper seeks to develop candidates’ skills of analysis, interpretation and communication. Candidates are expected to be able to use established tax planning methods and consider current issues in taxation.

APPROACH TO EXAMINING THE SYLLABUS

The paper consists of two sections:

  • Section A consists of two compulsory questions.

Question 1 has 35 marks, including 4 professional marks, and question 2 has 25 marks

  • Section B consists of three 20-mark questions, two of which must be answered.

Questions will be scenario based and will normally involve consideration of more than one tax together with some elements of planning and the interaction of taxes. Computations will normally only be required in support of explanations or advice and not in isolation.

The examination is a three hour paper, with 15 minutes additional reading and planning time.

Tax rates, allowances and information on certain reliefs will be given in the examination paper.

Course Curriculum

ACCA P6ZA SECTION A: Knowledge and understanding of the South African tax system through the study of further taxes, together with more advanced topics within the taxes studied previously
ACCA P6ZA A1: Income tax liabilities in situations involving overseas aspects and in relation to trusts, and the application of additional exemptions and reliefs
ACCA P6ZA A1: Income tax liabilities in situations involving overseas aspects and in relation to trusts, and the application of additional exemptions and reliefs Details 00:00:00
Quiz ACCA P6ZA A1: Income tax liabilities in situations involving overseas aspects and in relation to trusts, and the application of additional exemptions and reliefs 00:00:00
ACCA P6ZA A2: Company tax liabilities in situations involving overseas and group aspects and in relation to specific types of company and the application of additional exemptions and reliefs
ACCA P6ZA A2: Company tax liabilities in situations involving overseas and group aspects and in relation to specific types of company and the application of additional exemptions and reliefs Details 00:00:00
Quiz ACCA P6ZA A2: Company tax liabilities in situations involving overseas and group aspects and in relation to specific types of company and the application of additional exemptions and reliefs 00:00:00
ACCA P6ZA A3: Chargeable gains and capital gains tax liabilities in situations involving overseas aspects, company liquidations and in relation connected persons and trusts, and the application of additional exemptions and reliefs
ACCA P6ZA A3: Chargeable gains and capital gains tax liabilities in situations involving overseas aspects, company liquidations and in relation connected persons and trusts, and the application of additional exemptions and reliefs Details 00:00:00
Quiz ACCA P6ZA A3: Chargeable gains and capital gains tax liabilities in situations involving overseas aspects, company liquidations and in relation connected persons and trusts, and the application of additional exemptions and reliefs 00:00:00
ACCA P6ZA A4: Estate duty and donations tax
ACCA P6ZA A4: Estate duty and donations tax Details 00:00:00
Quiz ACCA P6ZA A4: Estate duty and donations tax 00:00:00
ACCA P6ZA A5: Transfer duty
ACCA P6ZA A5: Transfer duty Details 00:00:00
Quiz ACCA P6ZA A5: Transfer duty 00:00:00
ACCA P6ZA A6: Value added tax and tax administration
ACCA P6ZA A6: Value added tax and tax administration Details 00:00:00
Quiz ACCA P6ZA A6: Value added tax and tax administration 00:00:00
ACCA P6ZA SECTION B: The impact of relevant taxes on various situations and courses of action, including the interaction of taxes
ACCA P6ZA B1: Taxes applicable to a given situation or course of action and their impact
ACCA P6ZA B1: Taxes applicable to a given situation or course of action and their impact Details 00:00:00
Quiz ACCA P6ZA B1: Taxes applicable to a given situation or course of action and their impact 00:00:00
ACCA P6ZA B2: Alternative ways of achieving personal or business outcomes may lead to different tax consequences
ACCA P6ZA B2: Alternative ways of achieving personal or business outcomes may lead to different tax consequences Details 00:00:00
Quiz ACCA P6ZA B2: Alternative ways of achieving personal or business outcomes may lead to different tax consequences 00:00:00
ACCA P6ZA B3: Taxation effects of the financial decisions made by businesses (corporate and unincorporated) and by individuals
ACCA P6ZA B3: Taxation effects of the financial decisions made by businesses (corporate and unincorporated) and by individuals Details 00:00:00
Quiz ACCA P6ZA B3: Taxation effects of the financial decisions made by businesses (corporate and unincorporated) and by individuals 00:00:00
ACCA P6ZA B4: Tax advantages and/or disadvantages of alternative courses of action
ACCA P6ZA B4: Tax advantages and/or disadvantages of alternative courses of action Details 00:00:00
Quiz ACCA P6ZA B4: Tax advantages and/or disadvantages of alternative courses of action 00:00:00
ACCA P6ZA B5: Statutory obligations imposed in a given situation, including any time limits for action and the implications of non-compliance
ACCA P6ZA B5: Statutory obligations imposed in a given situation, including any time limits for action and the implications of non-compliance Details 00:00:00
Quiz ACCA P6ZA B5: Statutory obligations imposed in a given situation, including any time limits for action and the implications of non-compliance 00:00:00
ACCA P6ZA SECTION C: Minimizing and/or deferring tax liabilities by the use of standard tax planning measures
ACCA P6ZA C1: Types of investment and other expenditure that will result in a reduction in tax liabilities for an individual and/or a business
ACCA P6ZA C1: Types of investment and other expenditure that will result in a reduction in tax liabilities for an individual and/or a business Details 00:00:00
Quiz ACCA P6ZA C1: Types of investment and other expenditure that will result in a reduction in tax liabilities for an individual and/or a business 00:00:00
ACCA P6ZA C2: Legitimate tax planning measures, by which the tax liabilities arising from a particular situation or course of action can be mitigated
ACCA P6ZA C2: Legitimate tax planning measures, by which the tax liabilities arising from a particular situation or course of action can be mitigated Details 00:00:00
Quiz ACCA P6ZA C2: Legitimate tax planning measures, by which the tax liabilities arising from a particular situation or course of action can be mitigated 00:00:00
ACCA P6ZA C3: The appropriateness of such investment, expenditure or measures, given a particular taxpayer’s circumstances or stated objectives
ACCA P6ZA C3: The appropriateness of such investment, expenditure or measures, given a particular taxpayer’s circumstances or stated objectives Details 00:00:00
Quiz ACCA P6ZA C3: The appropriateness of such investment, expenditure or measures, given a particular taxpayer’s circumstances or stated objectives 00:00:00
ACCA P6ZA C4: The mitigation of tax in the manner recommended, by reference to numerical analysis and/or reasoned argument
ACCA P6ZA C4: The mitigation of tax in the manner recommended, by reference to numerical analysis and/or reasoned argument Details 00:00:00
Quiz ACCA P6ZA C4: The mitigation of tax in the manner recommended, by reference to numerical analysis and/or reasoned argument 00:00:00
ACCA P6ZA C5: Ethical and professional issues arising from the giving of tax planning advice
ACCA P6ZA C5: Ethical and professional issues arising from the giving of tax planning advice Details 00:00:00
Quiz ACCA P6ZA C5: Ethical and professional issues arising from the giving of tax planning advice 00:00:00
ACCA P6ZA C6: Current issues in taxation
ACCA P6ZA C6: Current issues in taxation Details 00:00:00
Quiz ACCA P6ZA C6: Current issues in taxation 00:00:00
ACCA P6ZA SECTION D: Communicating with clients, South African Revenue Service and other professionals
ACCA P6ZA D1: Communication of advice, recommendations and information in the required format
ACCA P6ZA D1: Communication of advice, recommendations and information in the required format Details 00:00:00
Quiz ACCA P6ZA D1: Communication of advice, recommendations and information in the required format 00:00:00
ACCA P6ZA D2: Presentation of written information, in language appropriate to the purpose of the communication and the intended recipient
ACCA P6ZA D2: Presentation of written information, in language appropriate to the purpose of the communication and the intended recipient Details 00:00:00
Quiz ACCA P6ZA D2: Presentation of written information, in language appropriate to the purpose of the communication and the intended recipient 00:00:00
ACCA P6ZA D3: Conclusions reached, together where necessary with relevant supporting computations
ACCA P6ZA D3: Conclusions reached, together where necessary with relevant supporting computations Details 00:00:00
Quiz ACCA P6ZA D3: Conclusions reached, together where necessary with relevant supporting computations 00:00:00
ACCA P6ZA D4: Assumptions made or limitations in the analysis provided; together with any inadequacies in the information available and/or additional information required to provide a fuller analysis
ACCA P6ZA D4: Assumptions made or limitations in the analysis provided; together with any inadequacies in the information available and/or additional information required to provide a fuller analysis Details 00:00:00
Quiz ACCA P6ZA D4: Assumptions made or limitations in the analysis provided; together with any inadequacies in the information available and/or additional information required to provide a fuller analysis 00:00:00
ACCA P6ZA D5: Other non-tax factors that should be considered
ACCA P6ZA D5: Other non-tax factors that should be considered Details 00:00:00
Quiz ACCA P6ZA D5: Other non-tax factors that should be considered 00:00:00

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