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: 

Prepare business tax returns 
SAQA US ID UNIT STANDARD TITLE
13019  Prepare business tax returns 
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 5  Level TBA: Pre-2009 was L5  12 
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 generally found within the accounting technician field. On successful completion of the unit standard, people will be able to prepare tax computations and returns for business. The candidate will be able to submit tax returns, provisional tax returns and Secondary Tax on Companies (STC) returns, as well as provide advice to the client. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
  • Unit standards in bookkeeping at NQF level 4
  • Unit standards in basic tax law at NQF level 4 

  • UNIT STANDARD RANGE 
    Tax returns, Provisional tax returns, STC returns. 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Calculate taxable income from trade and complete business sections of tax returns. 
    OUTCOME RANGE 
    IT 12 returns 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Taxable income is calculated for inclusion in the tax return. 
    ASSESSMENT CRITERION RANGE 
    Computation of taxable income and split between partners
     

    ASSESSMENT CRITERION 2 
    2. In the case of partnerships, profits and losses are correctly divided amongst partners in accordance with the agreed procedures. 

    ASSESSMENT CRITERION 3 
    3. The IT 12-form is completed in full. 

    ASSESSMENT CRITERION 4 
    4. Computations and submissions are made in accordance with current tax legislation and take account of current SARS practice. 

    ASSESSMENT CRITERION 5 
    5. Consultations with SARS staff are conducted openly and constructively. 

    ASSESSMENT CRITERION 6 
    6. Returns are completed accurately and legibly and are submitted within the SARS time scale. 

    ASSESSMENT CRITERION 7 
    7. Timely and constructive advice is given to clients on the maintenance of records relevant to tax returns. 
    ASSESSMENT CRITERION RANGE 
    Sole traders, Partnerships, Farmers
     

    ASSESSMENT CRITERION 8 
    8. Confidentiality of the client is maintained at all times. 

    SPECIFIC OUTCOME 2 
    Prepare computations of capital allowances and recoupments. 
    OUTCOME RANGE 
    Recoupments refers to general, set-off and further recoupments 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Computations and submissions are made in accordance with current legislation and take account of current SARS practice. 

    ASSESSMENT CRITERION 2 
    2. Expenditure on capital assets is classified according to capital and revenue expenditure. 
    ASSESSMENT CRITERION RANGE 
    Capital expenditure on plants and machinery, industrial buildings, residential buildings, leased assets, other assets.
     

    ASSESSMENT CRITERION 3 
    3. Entries and calculations relating to the computation of capital allowances are correct. 
    ASSESSMENT CRITERION RANGE 
    Repairs versus improvements. Wear and Tear (wear and tear, initial allowances, annual allowances, investment allowances, special depreciation allowances, allowances on plant, residential building allowances, scrapping allowances, connected persons)
     

    ASSESSMENT CRITERION 4 
    4. Consultations with SARS staff are conducted openly and constructively. 

    ASSESSMENT CRITERION 5 
    5. Returns are completed accurately and legibly and are submitted within the SARS time scale. 

    ASSESSMENT CRITERION 6 
    6. Timely and constructive advice is given to clients on the maintenance of records relevant to tax returns. 

    ASSESSMENT CRITERION 7 
    7. Confidentiality of the client is maintained at all times. 

    SPECIFIC OUTCOME 3 
    Calculate and account for provisional tax payments. 
    OUTCOME RANGE 
    Clients - persons other than companies 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Computations and submissions are made in accordance with current legislation and take account of SARS practice. 

    ASSESSMENT CRITERION 2 
    2. Details of charges and credits are correctly identified and entered on appropriate documentation. 

    ASSESSMENT CRITERION 3 
    3. Tax due is calculated in accordance with established procedures. 

    ASSESSMENT CRITERION 4 
    4. Returns are completed accurately and legibly and are submitted within the SARS time scale. 

    ASSESSMENT CRITERION 5 
    5. Timely and constructive advice is given to clients on the maintenance of records relevant to tax returns. 

    ASSESSMENT CRITERION 6 
    6. Confidentiality of the client is maintained at all times. 

    SPECIFIC OUTCOME 4 
    Adjust income or losses of companies to taxable income and complete company tax returns. 
    OUTCOME RANGE 
    Companies and Close Corporations, IT 14 return 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Accounting profits/ losses are accurately adjusted to taxable income/ loss. 

    ASSESSMENT CRITERION 2 
    2. Confidentiality of the client is maintained at all times. 

    ASSESSMENT CRITERION 3 
    3. South African normal tax is correctly calculated. 

    ASSESSMENT CRITERION 4 
    4. Assessed losses and provisional payments are brought into account during the tax return process. 

    ASSESSMENT CRITERION 5 
    5. The IT 14-form is completed in accordance with current tax legislation and takes account of current SARS practice. 

    ASSESSMENT CRITERION 6 
    6. Schedules are prepared where required and the impact of information is taken into account. 

    ASSESSMENT CRITERION 7 
    7. Deferred tax reconciliation is prepared correctly. 

    ASSESSMENT CRITERION 8 
    8. The effect of transfer pricing is taken into account in the tax return process. 

    ASSESSMENT CRITERION 9 
    9. Consultations with SARS staff are conducted openly and constructively. 

    ASSESSMENT CRITERION 10 
    10. Timely and constructive advice is given to clients on the maintenance of records relevant to tax returns. 

    SPECIFIC OUTCOME 5 
    Calculate and account for STC (Secondary Tax on Companies). 
    OUTCOME RANGE 
    Companies and Close Corporations 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Computations and submissions are made in accordance with current tax legislation and take account of current SARS practice. 

    ASSESSMENT CRITERION 2 
    2. Details of changes and credits are correctly identified and entered on appropriate documentation. 

    ASSESSMENT CRITERION 3 
    3. STC due is calculated in accordance with established procedures. 

    ASSESSMENT CRITERION 4 
    4. Returns are completed accurately and legibly and are submitted within the SARS time scale. 

    ASSESSMENT CRITERION 5 
    5. Timely and constructive advice is given to clients on the maintenance of records relevant to tax returns. 

    ASSESSMENT CRITERION 6 
    6. Confidentiality of the client is maintained at all times. 


    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:
  • Knowledge and understanding of;
  • The business environment
  • Taxation principles and theory
  • The client
  • What constitutes trade
  • Gross income (general definition and specific inclusions)
  • Deductions (general, specific, negative, special rules)
  • Exemptions (in terms of section 10)
  • Farming income/ loss (determination of gross income, stock on hand, expenses, capital improvement, taxable income/ loss)
  • When to claim finance charges
  • Leasing (Lease premiums, lease improvements, relief to lessors, limitation on allowances, recoupments)
  • Dividends (Constitution, dividend cycle, exemptions, apportionment, deemed)
  • Determination of net amount
  • Dates of payment

    Legal Requirements:
  • SARS regulations
  • South African normal taxation liability

    Terminology:
  • STC - Secondary Tax on Companies
  • SARS - South African Revenue Services

    Notes:
  • This unit does not include the tax implications relating to trusts 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team, group, organisation and community. 

    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, mathematical and language skills in the modes of oral and written presentations. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of related systems. 

    UNIT STANDARD CCFO CONTRIBUTING 
    Be culturally and aesthetically sensitive across a range of social contexts. 

    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  35926   National Diploma: Payroll Administration Services  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered" 
    2009-03-31  Was SERVICES until Last Date for Achievement 
    Core  36213   National Diploma: Technical Financial Accounting  Level 5  NQF Level 05  Reregistered  2023-06-30  FASSET 
    Elective  50017   National Diploma: Club Professional Golfing  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Registered" 
    2008-11-30  Was CATHSSETA until Last Date for Achievement 
    Elective  67229   National Diploma: Payroll Administration Services  Level 5  NQF Level 05  Reregistered  2023-06-30  SERVICES 


    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.