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

Notices

2014 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

3. Cost scale

 

 

Where the value of the vehicle—

Fixed Cost

 

R

Fuel Cost

 

c/km

Maintenance Cost

c/km

does not exceed R80 000

25 946

92.3

27.6

exceeds R80 000 but does not exceed R160 000

46 203

103.1

34.6

exceeds R160 000 but does not exceed R240 000

66 530

112.0

38.1

exceeds R240 000 but does not exceed R320 000

84 351

120.5

41.6

exceeds R320 000 but does not exceed R400 000

102 233

128.9

48.8

exceeds R400 000 but does not exceed R480 000

120 997

147.9

57.3

exceeds R480 000 but does not exceed R560 000

139 760

152.9

71.3

exceeds R560 000

139 760

152.9

71.3