SYLLABUS: FUNDAMENTALS Available on Examinable Exam Guideline

OF SOUTH MyCourses
AFRICAN
TOPIC

INCOME TAX
2025
[TEXTBOOK]

Gross Income, Exempt

1 Income and Allowable
deductions.
Introduction to the Document Whole Tested as any type of
calculation of tax liability on document is exam question.
MyCourses examinable You need to be able to
calculate taxable income
using the tax framework.
Introduction Chapter 1 – The whole Tested as any type of
Notes on SA chapter is exam question.
Income Tax examinable

Employed Individuals Chapter 1 The whole Tested as any type of

chapter is exam question.
examinable You need to:
do an income tax
calculation from gross
income to the calculation
of an employee’s tax
liability or do part of an
income tax calculation.
know the theory of
employee’s tax and be
able to do a basic
calculation.
know what
remuneration includes or
not.

Passive Income, Chapter 2 The whole Tested as any type of

Exemptions and Deductions chapter is exam question.
examinable You need to:
do an income tax
calculation from gross
income to the calculation
of an employee’s tax
liability or do part of an
income tax calculation.
understand when a
taxpayer is a South
African resident for tax
purposes and to know
both the ordinary
residence test and the
physical presence test
for residence.

Investment earnings of an Document Whole Tested as any type of

individual on document is exam question.
MyCourses examinable
Spouses married in Document Whole Tested as any type of
community of property on document is exam question.
MyCourses examinable
 Trading Deductions and Chapter 4 4.1 to 4.5 Tested as any type of
Trading Stock exam question.

Capital Allowances,
2 Recoupments and Capital
Gains
Capital Allowances and Chapter 5 The whole Tested as any type of
Recoupments chapter is exam question.
examinable You need to:
be able to do a basic
wear and tear allowances
calculation.

Capital Gains Tax Chapter 6 The whole Tested as any type of

chapter is exam question.
examinable
You need to:
do a capital gains tax
for individuals and for
businesses as well as
explain the CGT
consequences relating to
specific events.
do a separate capital
gains tax calculation and
be able to integrate this
calculation into the
greater framework of the
income tax calculation.

3 Tax Liability of an individual

Retirement Benefits and Chapter 14- The whole Tested as any type of
Planning Notes on SA chapter is exam question.
Income Tax examinable You need to:
do a calculation of the
tax that is payable (or
the amount that a client
will receive after tax) on
retirement or withdrawal
from a retirement fund
and from multiple funds.
understand the
concept of a severance
benefit and know how to
calculate.

Tax Liability of Business

4
Entities
Business Entities and Chapter 3 The whole Tested as any type of
Provisional Tax chapter is exam question.
examinable You need to:
do an income tax
calculation from gross
income to the calculation
of a business entity’s tax
liability.
understand the theory
of provisional tax and be
able to do a basic
calculation.
be able to do part of
an income tax
calculation.
 Trading Deductions and Chapter 4 4.6 to 4.8 Tested as any type of
Trading Stock exam question.

Vat, Turnover and

5
Donations Tax
Value-added Tax Chapter 7 The whole Tested as any type of
chapter is exam question
examinable You need to:
do a Net Output Vat
calculation and be able
to calculate the VAT
payable/claimable.
be able to provide
reasons for your answers
(within the calculation or
as a separate
calculation) if you have
included or excluded
certain amounts.

Turnover Tax Chapter 8 The whole Tested as any type of

chapter is exam question
examinable You need to:
do an income tax
calculation from gross
income to the calculation
of a business entity’s tax
liability.

Donations Tax Chapter 27- 27.1 – 27.9 Tested as any type of

Notes on SA Is examinable. exam question
Income Tax You need to:
Valuation of be able to discuss the
donations tax consequences of a
27.10 & 27.11 donation for an
is not individual and for a
examinable. company.
be able to do a basic
calculation of donations
tax for an individual and
a company.
know the donations
that are exempt from
donations tax.

Tax Avoidance vs Tax

Evasion, Assessed losses
6 and Tax Administration Act

Tax Avoidance Chapter 20 – The whole Tested as a multiple

Notes on SA chapter is choice or a discussion
Income Tax examinable type question.
You need to be able to
discuss the anti-
avoidance provisions
with regards to a
scenario that will be
provided.
Assessed Losses Chapter 10 The whole Tested as any type of
chapter is exam question
examinable You will not be asked to
do an in-depth
calculation but could be
asked to explain the
 implications of a specific
scenario to a client. As
an example, we could
provide you with a
scenario and state that
the individual pays tax at
a marginal rate of 40%
and that he has a
business/trade which is
not a suspect trade. We
could then ask you to
discuss whether the
taxable income/loss from
the additional trade
Tax Administration Chapter 9 The whole Tested as multiple choice
chapter is or short questions.
examinable