Introduction To Business Taxation Fundamentals

1. Introduction

Welcome to the Higher Certificate In Entrepreneurship programme. As part of your studies, you are required to study and successfully complete a course on Basic Taxation Concepts.

2. Module Overview

This course is designed to enable you to understand the basic concepts in taxation. These include the minimum salary or earnings which is subject to taxation as well as the purport of Value-Added-Tax and on which items it is levied against and which are exempt from it.

3. Aim of the Module

This module aims to: The aim of this course is to provide the learner with knowledge and skills in understanding the basic concepts of taxation. The outcomes of the course are as follows:

Understand who pays tax and the table used to calculate the tax amount due
Understand the purpose of Value-Added-Tax and upon which items it is levied and which are exempt
Understand the calculation of Pay-As-You-Earn
Understand how the Unemployment Insurance Fund works
Understand how the Skills Development Levy works
Understand the concept of Turnover Tax and how it is calculated
Understand the concept of Small Business Tax

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