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

Source Code Travel Allowance

Posted 4 May 2016 under Tax Questions



Blog Categories


Ask TaxTim

Got a question you want answered about tax?

Visit our helpdesk →
Rooster says:
3 May 2016 at 15:05

Can a company included both tax codes 3701 and 3702 on the IRP5? How will this affect the tax payable on the income?

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

TaxTimTaxTim says:
4 May 2016 at 11:03

Does the company reimburse you for travel and do you also receive a travel allowance?


Rooster says:
4 May 2016 at 11:05

Yes I get a travel allowance, and have a petrol allowance that is added to my Income on my payslip, and then also deducted in my deductions section on the payslip.


TaxTimTaxTim says:
4 May 2016 at 11:15

Yes, then it is correct to include both. You need to ensure you keep a logbook to record all business travel and then complete the travel allowance section of your Tax Return in order to reduce the tax payable on your travel allowance.

Please Register for TaxTim and let us assist you to complete and submit your tax return to SARS.


Rooster says:
4 May 2016 at 11:17

Thank you so much. I will do that!


TaxTimTaxTim says:
4 May 2016 at 13:24

Great news - only a pleasure!


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 →