Hi, I'm an independent contractor and my income is indicated under code 3616. I don't get any allowance, and my company pays income tax every month. What I want to know is can I claim, under the allowable expenses, for things such as vehicle depreciation/KMs traveled/vehicle service costs etc?
Almost all my work related travels are from home to the client site and back, which I have kept a log book for.
Yes you can, you would include the costs expended under the Other Section of the Tax Deductions section on TaxTim. Your travel costs can also be claimed, if you traveled less than 8000km, then you can claim the SARS rate per km x the business travel you did. we ask all these questions under the Tax Deductions section on our process.
Indie Contractorsays: 10 July 2015 at 10:04
Thanks for the response TaxTim. I can now continue with my tax submission on your platform.
TaxTimsays: 10 July 2015 at 10:07
Excellent, let me know you have any further problems.
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