Hide
Earn under R350,000? Click here to see why you still need to file to get your Tax Refund.
CLOSE
Get SARS Tax Dates and Deadlines in your Inbox
 

We'll tell you when you need to file, along with tax tips and updates.
Try Tim Now

Employer provided vehicle

Posted 28 July 2015 under Tax Questions


Hi, I'm Tim!
I'll help you do your Tax Return with Confidence
Quickly, Easily
And Correctly
Do your Tax Online with Expert Help from Me, Step-by-Step.
LEARN MORE

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
Tax girl says:
30 June 2015 at 15:22

How is taxation calculated on employer provided vehicle? Should it be taxed monthly or do you calculate it when you submit your income tax return? Can you deduct fuel cost? Should a logbook be maintained?

This entry was posted in Tax Questions and tagged , , , . Bookmark the permalink.

TaxTimTaxTim says:
30 June 2015 at 15:25

A logbook must always be maintained which will allow you to deduct the business portion of travel and the vehicle-related expenses you mention.

Employer provided vehicles are calculated at 3.25% of the value of the car (including VAT) per month if a maintenance plan is kept or 3.5% if no plan.


Get SARS Tax Dates and Deadlines in your Inbox
 

We'll tell you when you need to file, along with tax tips and updates.

Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →

Hi, I'm Tim!
I'll help you do your Tax Return with Confidence
Quickly, Easily
And Correctly
Do your Tax Online with Expert Help from Me, Step-by-Step.
LEARN MORE