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Fleet Cards

Posted 24 August 2015 under Tax Questions


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Tax says:
21 August 2015 at 11:45

How should employer tax work on the following:

Employee uses a company fleet card for fuel cost. Example of the July:
July Fleet Card Balance of statement R3 500
Travel claim (1 000 km @ R2. 05 p/km) R2 050
Deduction from employee for private use of fleet card R1 450 (R3 500 - 2 050)

Under which IRP 5 code should the travel claim be?
Should it be 3702 because the employee pays back the private use of the fleet card therefore there is no fringe benefit.

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TaxTimTaxTim says:
24 August 2015 at 8:09

You would use the 3703 source code for the business travel and ignore the rest if he is paying it back as a personal amount.


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