n Tax Breaks Newsletter - Vehicle finance, travel claims, and SARS : income tax
|Article Title||Vehicle finance, travel claims, and SARS : income tax|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Tax Breaks Newsletter|
|Publication Date||Aug 2009|
|Pages||3 - 4|
About three or four years ago I stuck my neck out and predicted that the day would come where the "deemed kilometre" method of claiming business travel against a travel allowance falls away, making it compulsory for travel allowance recipients to keep a logbook for claiming business travel. This year's Budget proved that prediction to be true, in that as from 1 March 2010 any claims for business travel must now be substantiated by a logbook - the deemed method will be no more.
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