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Wayne said: 19 July 2015 at 9:29 What is the maximum amount (percentage) that one is allowed as travel allowance based on the total package earned, ie: If my total package is say R10 000, maximum amount allowed as travel allowance is say 30%, then my salary will be R7000 and my travel allowance R3000. I just need to know the percentage amount so that I can structure my total package accordingly to get the maximum tax benefit. |
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TaxTim Evan said: 19 July 2015 at 10:02 There is no maximum percentage, however if SARS see a salary that is made up entirely of a travel allowance they will disallow the benefits. Ideally it should be in relation to your travelling and not really exceed 20/30%. |
