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Income Tax Act, 1962 (Act No. 58 of 1962)


2023 Notices

Fixing of Rate Per Kilometre in respect of Motor Vehicles for the purposes of Section 8(1)(b)(ii) and (iii) of the Income Tax Act, 1962

4. Simplified method



(a) the provisions of section 8(1)(b)(iii) are applicable in respect of the recipient of an allowance or advance; and
(b) no other compensation in the form of a further allowance or reimbursement (other than for parking or toll fees) is payable by the employer to that recipient,

that rate per kilometre is, at the option of the recipient, equal to 464 cents per kilometre.