Subsistence allowance expenses

By Marc Sevitz · Updated

Jakes

Jakes said:
16 November 2015 at 15:51

If I received a taxable subsistence allowance, but did not keep record of expenses (or proof) will I be able to deduct a deemed expense on my tax return.
TaxTim Marc

TaxTim Marc said:
16 November 2015 at 17:54

Do you have an IRP5 which reflects the subsistence allowance under code 3704?
Jakes

Jakes said:
17 November 2015 at 4:33

Yes it does have code 3704
TaxTim Marc

TaxTim Marc said:
17 November 2015 at 14:16

Yes, you may claim a deemed expense equal to R353 per night away from home if you had to cover meals and incidental costs; or R109 per night away if you had to cover incidentals only (e.g. minor costs such as refreshments, snacks etc).
Jakes

Jakes said:
18 November 2015 at 3:56

Thank you.
TaxTim Marc

TaxTim Marc said:
18 November 2015 at 13:02

Only a pleasure!