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Fleet Cards



Tax says:
21 August 2015 at 11:45

How should employer tax work on the following:

Employee uses a company fleet card for fuel cost. Example of the July:
July Fleet Card Balance of statement R3 500
Travel claim (1 000 km @ R2. 05 p/km) R2 050
Deduction from employee for private use of fleet card R1 450 (R3 500 - 2 050)

Under which IRP 5 code should the travel claim be?
Should it be 3702 because the employee pays back the private use of the fleet card therefore there is no fringe benefit.

TaxTim TaxTim says:
24 August 2015 at 8:09

You would use the 3703 source code for the business travel and ignore the rest if he is paying it back as a personal amount.

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