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Source Code Travel Allowance

Posted 4 May 2016 under Tax Q&A


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Rooster says:
3 May 2016 at 15:05

Can a company included both tax codes 3701 and 3702 on the IRP5? How will this affect the tax payable on the income?

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TaxTim TaxTim says:
4 May 2016 at 11:03

Does the company reimburse you for travel and do you also receive a travel allowance?

Rooster says:
4 May 2016 at 11:05

Yes I get a travel allowance, and have a petrol allowance that is added to my Income on my payslip, and then also deducted in my deductions section on the payslip.

TaxTim TaxTim says:
4 May 2016 at 11:15

Yes, then it is correct to include both. You need to ensure you keep a logbook to record all business travel and then complete the travel allowance section of your Tax Return in order to reduce the tax payable on your travel allowance.

Please Register for TaxTim and let us assist you to complete and submit your tax return to SARS.

Rooster says:
4 May 2016 at 11:17

Thank you so much. I will do that!

TaxTim TaxTim says:
4 May 2016 at 13:24

Great news - only a pleasure!


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