I am currently at the travel allowance part of my tax return. This question arises. Do you receive a travel allowance from your employer? Click Yes if source codes 3701 or 3702 appear on your IRP5, AND if you kept a vehicle logbook. My answer is no as those source codes do not appear on my IRP5. However I am a full commission earner and keep a logbook. Where will I input those figures/amounts?
Then you will include this amount under the Tax Deduction section for travel and or depreciation.
Izhaarsays: 6 November 2015 at 11:36
What amount do I input. I travel 68% business. 17500 kms business
TaxTimsays: 6 November 2015 at 15:33
You would then take all the expenses related to the car such as fuel, maintenance, license, insurance etc and multiply that by 68% as this is the apportionment for business travel. Include that under the travel deduction section. The car itself would be depreciated over 5 years and then apportioned for the 68%.
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