n Tax Breaks Newsletter - Which is better - a car allowance or a company car? : Questions & Answers
|Article Title||Which is better - a car allowance or a company car? : Questions & Answers|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Tax Breaks Newsletter|
|Publication Date||Oct 2008|
The tax that you pay on the two options are markedly different. In the case of the company car, you are liable for fringe benefits tax based on 2.5% of the so-called "determined value" of the vehicle (normally calculated as the cost price excluding VAT and finance charges).
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