Taxable income: individuals and businesses
ID:CVTIB
Video Overview
In this tutorial we will be looking at the taxable income of individuals, as well as of businesses. It is important to bear in mind that South African income tax legislation is well-developed and comprehensive in scope. On top of that we have a sophisticated and world class income tax collection system. This means that it takes quite a bit of study to absorb all of our income tax rules and regulations. The focus of this tutorial is to give you a broad introductory definition of taxable income and its components… so that in your future studies you can use these general definitions to build up your knowledge of how to calculate the specific annual income tax due for a particular individual or a business.
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