Review Of Non Taxable Reimbursive Travel Allowance 2022
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Non Taxable Reimbursive Travel Allowance. The reimbursement does also not have to be substantiated by a logbook. If the rate paid exceeds r2.92 per kilometre and exceeds the rate per kilometre determined according to the above table, the reimbursement is.
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Non taxable business travel up to 12 000 km at the minister of finance’s set tariff per km;and is taxable above 12 000 km business travel. In such a case, the reimbursive allowance is not subject to employees tax nor is it taxable on assessment. The full amount of the allowance is disclosed in the irp5 under code 3701.
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This entry was posted in tax q&a and tagged salary / irp5, independent contractor, deductions, commission, travel allowance, audit / verification, sars & efiling. Use of motor vehicle acquired by employer via operating lease (paye) 8 july 2013 at 13:39. Codes 3701, 3702 and 3722 cannot be used in conjunction with this code.
