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fringe benefit-conmpany provided vehicle

Posted 27 June 2013 under Tax Questions



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Hi TaxTim,

I earn a basic and my commission is more than 50% of my annual basic. I sell luxury automobiles for a living.

I see on my IRP5 under "Income received "an amount of R65 000 "Use of Motor Vehicle" (PAYE)

Is there a specefic place where I insert this amount on my tax return?

I kept a logbook stipulating opening,closing KM'S, private and business KM'S

My company provides me with a company vehicle in order to sell and generate an income.

I'm not sure what I can claim for and how to claim?

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

TaxTimTaxTim says:
27 June 2013 at 14:05

Your IRP5 will already be on your tax return, but there is a separate part of the return which deals specifically with the use of an employer owned vehicle which you will complete the mileage and other details of the car.


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