What is the tax implication if have use of a company car? and can I claim any deductions on my ITR12



What is the tax implication if have use of a company car and can I claim any deductions on my tax return. Do I have to keep logbook?

When submitting return what documents do I need to have?

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TaxTim TaxTim says:
4 July 2013 at 22:37

You have to keep a logbook and maintain records of all business Km's travelled as well expenses made on the car. You can enter these when you submit your income tax return under 'employer provided vehicle'




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