Income tax 2601 - Study guides, Class notes & Summaries
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TAX2601
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SUMMARY
INCOME TAX - 2601 SUMMARY

2
Exam (elaborations)
TAX2601 Assignment 02 Due 11 September 2019

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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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