Simulation: Personal income tax
Author: Karen van Wyk CA(SA)
Study time: 4 hours
Having the knowledge of how to do a tax calculation, is not enough. As a tax or accounting professional, you have to know how to do a computation and file a taxpayer's tax return in the real world. In this course, you are provided with a box job tax submission and are required to work through supporting evidence provided by a taxpayer to distinguish between what is relevant and what is not relevant, and then perform the tax computation and complete an actual ITR12. This simulation aims to bridge the gap between tax knowledge (theory) and what happens in practice.