n Tax Breaks Newsletter - Taxing issues




Extracted from text ... TAXING ISSUES Kathy Thersby Editor SHORTLY after this issue goes to press, the Finance Minister will announce his 2006 Budget, the thought of which reminded me of some unpleasant changes brought about by the 2005 Budget but which only take effect in 2006. Those receiving a travel allowance must note that the deemed private kilometres will be increased from 16 000 to 18 000, and drivers of company cars must expect the fringe benefit rate to be hiked to 2.5 per cent from 1.8 per cent (4 per cent for second and subsequent cars) from next month. ..


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