Assessment: Tax Fundamentals : Online CPD Course

What is the primary function of the South African budget?

How does the South African budget support education?

Which agency is responsible for tax collection in South Africa?

What type of tax system does South Africa follow?

Which tax is a significant contribution made by individuals at different income levels?

What is the purpose of a sins tax?

How does VAT contribute to the concept of tax pyramiding prevention?

What is the main role of tax practitioners?

How are companies taxed in South Africa?

What role does the South African government play in the tax system?

What happens if an individual’s income is below a certain threshold?

In what scenario is PAYE (Pay as You Earn) used?

If a trust is used for asset protection, how is its income typically taxed?

What impact does the excise tax on tobacco aim to have?

What is the purpose of exempt supplies in VAT?

How does a progressive tax system impact taxpayers with higher incomes?

How does VAT on sugary beverages relate to public health?

How does the RAF (Road Accident Fund) Levy affect the price of petroleum products?

How does the Skills Development Levy (SDL) contribute to South Africa’s development?

What is the implication of a tax system that levies taxes based on both earnings and consumption?