Payroll and Taxation

The programme

Programme overview

Ratomac Payroll and Taxation Training course offers an in-depth understanding of South African Direct and Indirect Taxation as well as Payroll Management. It provides a comprehensive update on annual income tax, payroll tax, and important legislative changes. Ratomac Payroll and Taxation Training course aims to ensure that delegates fully understand the origins of different tax types and gain detailed insights into the various building blocks per tax type. This seminar is designed to assist with day-to-day challenges and improve the practical application of taxation and revenue laws.

Who should attend

Who is this programme for?

This Payroll and Taxation Training course is ideal for:

• Payroll Managers and Administrators
• Human Resource Professionals
• Financial Managers and Accountants
• Tax Consultants and Advisors
• Business Owners and Entrepreneurs
• Any professional involved in payroll and tax compliance

Learning outcomes

What you will learn

By the end of this Payroll and Taxation Training course, participants will be able to:

• Understand and apply the fundamental principles of Payroll Building Blocks and cost centres.
• Gain insights into Residence-Based Taxation and its implications.
• Navigate the complexities of foreign income taxation and double taxation agreements.
• Understand the taxation framework for non-resident trusts and transfer pricing.
• Manage payroll allowances, advances, reimbursements, and subsistence allowances effectively.
• Comprehend and apply share incentive schemes and fringe benefits taxation.
• Define and apply terms and definitions widely used in Payroll Management.
• Conduct accurate tax reconciliation for organizational tax payments.

Explore the programme

Detailed programme outline

• Introduction to Payroll and TaxationOverview of South African taxation systemKey legislative changes and updates
• Payroll Building BlocksUnderstanding payroll cost centresRemuneration structures and components
• Residence-Based TaxationResidence and its impact on taxationTaxation of foreign incomeDouble taxation agreements and relief
• Advanced Tax ConceptsNon-resident trusts taxationTransfer pricing and thin capitalization rules
• Payroll Allowances and ReimbursementsTypes of payroll allowancesAdvances and reimbursements handlingSubsistence allowances and their tax implications
• Share Incentive SchemesTax treatment of share incentivesCompliance and reporting requirements
• Exempt Income and DeductionsIdentification of exempt income sourcesTax-deductible deductions and how to apply them
• Fringe Benefits and Payroll ManagementOverview of fringe benefits taxationKey terms, definitions, and rules
• Tax ReconciliationTechniques for reconciling tax paymentsBest practices for ensuring compliance
• Q&A and Practical ApplicationAddressing specific challenges faced by participantsPractical exercises and real-world scenarios

Learning approach

How you will learn

Our diverse instructional approaches ensure effective learning:

– Lectures & Presentations: Engage with expert-driven, stimulating content.– Course Material: Access well-crafted supporting resources.– Group Work: Collaborate on discussions and case studies for practical insights.– Workshops & Role-Play: Participate in immersive, scenario-based activities.– Practical Application: Focus on applying theoretical knowledge in real situations.– Post-Training Support: Receive extensive support after training for skill implementation.

Discuss your requirements

Dates, duration & arrangements

Contact Ratomac to confirm dates, duration, delivery format, entry requirements and any applicable assessment or certification before booking.