Acts Online
GT Shield

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

Notices

2013 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 R60 000

19 310

81.4

26.2

exceeds R60 000 but does not exceed R120 000

38 333

96.1

29.5

exceeds R120 000 but does not exceed R180 000

52 033

90.8

32.8

exceeds R180 000 but does not exceed R240 000

65 667

98.7

39.4

exceeds R240 000 but does not exceed R300 000

78 192

113.6

46.3

exceeds R300 000 but does not exceed R360 000

90 668

130.3

54.4

exceeds R360 000 but does not exceed R420 000

104 374

134.7

67.7

exceeds R420 000 but does not exceed R480 000

118 078

147.7

70.5

exceeds R480 000

118 078

147.7

70.5