Scale for determining the
costs of traveling
2006 - 2007
| Right of use of motor vehicle |
|
| The monthly fringe benefit is computed at 2,5%
of the determined value of the first vehicle and 4% of each
additional vehicle. Should a travel allowance be granted, the right of use of a motor vehicle will be 4% of the determined value. |
| The determined value is the cash cost (excluding VAT) of the vehicle or the market value in the case of a lease or donation.
The cost is reduced by 15% for each year from the date of acquisition by the employer to the date the employee was granted the use of the vehicle. |
|
| Traveling allowance |
|
| The allowance may be paid at fixed monthly rate
or per kilometre. PAYE on 60% of the allowance is deductible
where allowance is not based on actual business travel costs. |
| The allowance can be based on actual figures, where detailed costs and travel records are kept; deemed costs per table
and actual kilometres where a logbook is kept or deemed figures for both where only the total kilometres travelled during year are required. Where totla kilometres are used, the first 18 000km and those in excess of 32 000km are deemed private. |
|
| Scale for determining the costs of travelling |
|
|
|
Value of
the vehicle
(including VAT) |
|
|
Fixed
Cost
(R p.a) |
Fuel
Cost
(c/km) |
Maintenance
Cost
(c/km) |
|
| 0 |
- |
R 40 000 |
15 364 |
47,3 |
22,5 |
| R 40 001 |
- |
R 60 000 |
20 910 |
49,4 |
26,2 |
| R 60 001 |
- |
R 80 000 |
25 979 |
49,4 |
26,2 |
| R 80 001 |
- |
R 100 000 |
31 513 |
54,8 |
30,5 |
| R 100 001 |
- |
R 120 000 |
36 978 |
54,8 |
30,5 |
| R 120 001 |
- |
R 140 000 |
41 771 |
54,8 |
30,5 |
| R 140 001 |
- |
R 160 000 |
47 512 |
57,2 |
39,8 |
| R 160 001 |
- |
R 180 000 |
52 629 |
57,2 |
39,8 |
| R 180 001 |
- |
R 200 000 |
58 334 |
65,9 |
43,8 |
| R 200 001 |
- |
R 220 000 |
64 591 |
65,9 |
43,8 |
| R 220 001 |
- |
R 240 000 |
69 072 |
65,9 |
43,8 |
| R 240 001 |
- |
R 260 000 |
74 777 |
65,9 |
43,8 |
| R 260 001 |
- |
R 280 000 |
79 918 |
69,3 |
52,5 |
| R 280 001 |
- |
R 300 000 |
85 440 |
69,3 |
52,5 |
| R 300 001 |
- |
R 320 000 |
88 793 |
69,3 |
52,5 |
| R 320 001 |
- |
R 340 000 |
95 218 |
69,3 |
52,5 |
| R 340 001 |
- |
R 360 000 |
100 011 |
77,1 |
68,0 |
| exceeding R 360 000 |
100 011 |
77,1 |
68,0 |
|
|
|
| Where reimbursement received for less than 8 000
km for business may deduct R 2.46 per km if no other allowance
or reimbursement received, option of receipt |
|
|
|