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Can I claim work related bank fees?

Posted 25 August 2014 under Tax Q&A


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Making withdrawals from a PayPal account into my SA bank account incurs FNB transaction fees that run me a few hundred rand every month. 100% of my funds in my PayPal account are earnings for freelance jobs I do online, so can I claim those FNB fees since it is basically an expense to get my income into the country?

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TaxTim TaxTim says:
27 August 2014 at 10:31

Yes you can claim these expenses as bank charges against your income earned.


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