Travel allowance?

By Marc Sevitz · Updated 16 October 2014

If you have a travel remibursement recorded under code 3702 by your employee do you record that as a travel allowance?

TaxTim Marc said:
16 October 2014 at 17:42

No you do not, it is a travel reimbursement and recorded as such on your IRP5.

Chris said:
16 October 2014 at 17:51

Do I then need to pay tax on the full amount or only on the difference between the SARS rate and the rate I received.

I received R4.10 per km and SARS is R3.24.

I have a log book. Will this help?

TaxTim Marc said:
16 October 2014 at 17:56

How many km's did you travel?

Chris said:
17 October 2014 at 9:40

I travelled 10080 km for the tax year. at a rate of R4.10.

TaxTim Marc said:
17 October 2014 at 10:02

Unfortunately you will have to pay tax on the whole amount as they paid you more than the SARS rate and was greater than 8000km.