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Fuel Reimbursement

Posted 19 February 2016 under Tax Questions


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Zee says:
19 February 2016 at 11:20

What tax code must be used when a company reimburses fuel only and business km's exceeds 8000km per annum. There is no refunds for wear and tear, repairs and maintenance or insurance. At present the code on the IRP5 is 3702, is this correct?

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TaxTimTaxTim says:
19 February 2016 at 17:57

That is correct yes if the km's traveled exceeds 8000km.


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