fringe benefit-conmpany provided vehicle
By Marc Sevitz · Updated
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?
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.