SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Determine what is taxable income 
SAQA US ID UNIT STANDARD TITLE
13025  Determine what is taxable income 
ORIGINATOR
SGB HET Accountancy and Financial Management 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
FASSET - Financial and Accounting Services SETA 
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 6  Level TBA: Pre-2009 was L6  16 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
People credited with this unit standard are able to establish what is gross income, determine which income is exempt from tax and calculate deductions and allowances in order to determine the portion of taxable income. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Unit standards in accounting at NQF level 4. 

UNIT STANDARD RANGE 
Within context, excluding specialist areas covered by current tax legislation. 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Determine what is gross income. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Receipts and accruals in cash or otherwise are identified as defined in the relevant tax legislation. 

ASSESSMENT CRITERION 2 
2. Both the true and deemed source of an amount is identified per Section 9 of the Income Tax Act. 

ASSESSMENT CRITERION 3 
3. The income or capital nature of receipts and accruals is determined in accordance with the relevant legislation. 

ASSESSMENT CRITERION 4 
4. Receipts and accruals of amounts specifically included in gross income are identified per gross income special inclusions. 

ASSESSMENT CRITERION 5 
5. The deemed accruals of certain amounts are identified per the relevant tax legislation. 

SPECIFIC OUTCOME 2 
Determine and advise on which income is exempt from tax. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Certain interest accruing to non-residents is identified per the relevant section of the Income Tax Act. 

ASSESSMENT CRITERION 2 
2. The taxation of lump sums on retirement or retrenchment is determined in accordance with the relevant tax legislation. 

ASSESSMENT CRITERION 3 
3. Interest from certain investments that is exempt from normal tax is identified per regulations in the Income Tax Act. 

ASSESSMENT CRITERION 4 
4. Dividends received or accrued that are exempt from normal tax are identified according to current tax legislation. 

ASSESSMENT CRITERION 5 
5. The exemptions relative to employment are identified and calculated per the relevant sections of tax legislation. 

ASSESSMENT CRITERION 6 
6. Other exemptions from normal tax are identified as according to tax regulations. 

ASSESSMENT CRITERION 7 
7. The taxation of purchased annuities is determined in line with the relevant tax laws. 

SPECIFIC OUTCOME 3 
Identify and calculate deductions and allowances. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The various aspects of the general deduction formula are identified and applied to expenses and losses incurred as per the relevant sections of the Income Tax Act. 

ASSESSMENT CRITERION 2 
2. The particular deductions and allowances are identified and calculated where necessary. 


UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
Accreditation for this unit standard shall be obtained from the relevant Education and Training Quality Assurance Body, through summative assessment by a registered assessor.

Moderation activity comments by SGB's, organisations and individuals may be forwarded to NSB03. 

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
A demonstrated understanding of:
  • Taxable income: gross income, exempt income, deductions and allowances
  • Current case law

    Legal requirements
  • The Income Tax Act 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Solve problems 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team/group 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities responsibly and effectively 

    UNIT STANDARD CCFO COLLECTING 
    Collect, organise and critically evaluate information 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematics and language skills in the modes of oral and written presentations 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively and critically 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    N/A 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  36213   National Diploma: Technical Financial Accounting  Level 5  NQF Level 05  Reregistered  2023-06-30  FASSET 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    1. Training for Results (Pty) Ltd 



    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.