Income tax 2601 - Study guides, Class notes & Summaries

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INCOME TAX - 2601 SUMMARY
  • INCOME TAX - 2601 SUMMARY

  • Summary • 14 pages • 2021
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  • INCOME TAX - 2601 SUMMARY TAX2601 STUDY UNIT 1 – Introduction Governments collect the income they need through taxation in order to provide services to citizens. (SA government has fiscal year 1 April – 31 March) List taxes or duties that are collected by SARS  Income tax (capital gains tax, turnover tax, dividends tax)  Value added tax (VAT)  Estate duty  Excise duty  Customs duty  Transfer duty  Air passenger tax  Securities transfer tax  Unemployme...
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