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Is my travel allowance too high for tax purposes?

Posted 18 August 2014 under Tax Q&A


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Please help, I receive a fixed travel allowance of R9400pm (car R4400 fuel R5000) under code 3701 which is taxed at 80% by my employer. My cars value is 160K and I do approximately 45K a year (12-15K personal) I keep a logbook. Will this be regarded negatively by SARS and more importantly would I possibly have to pay in an amount?

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TaxTim TaxTim says:
18 August 2014 at 9:12

What exactly is your question? Will what be perceived negatively by SARS?

MikeKnight says:
18 August 2014 at 10:17

Will SARS consider this allowance too high since my salary is 11K and will I have to pay SARS or will SARS give me a refund.

TaxTim TaxTim says:
18 August 2014 at 11:23

SARS may consider this out of proportion and be too high compared to your salary and see it as an avoidance measure and impose tax. You will then have to pay extra if SARS considers this to be true.


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