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TaxTim says: 16 October 2014 at 17:42 No you do not, it is a travel reimbursement and recorded as such on your IRP5. |
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Chris says: 16 October 2014 at 17:51 Do I then need to pay tax on the full amount or only on the difference between the SARS rate and the rate I received. I received R4.10 per km and SARS is R3.24. I have a log book. Will this help? |
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TaxTim says: 16 October 2014 at 17:56 How many km's did you travel? |
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Chris says: 17 October 2014 at 9:40 I travelled 10080 km for the tax year. at a rate of R4.10. |
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TaxTim says: 17 October 2014 at 10:02 Unfortunately you will have to pay tax on the whole amount as they paid you more than the SARS rate and was greater than 8000km. |
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