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

Notices

2022 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 R95 000

29 836

131.7

40.9

exceeds R95 000 but does not exceed R190 000

52 889

147.0

51.1

exceeds R190 000 but does not exceed R285 000

76 033

159.7

56.3

exceeds R285 000 but does not exceed R380 000

96 197

171.8

61.5

exceeds R380 000 but does not exceed R475 000

116 438

183.8

72.3

exceeds R475 000 but does not exceed R570 000

137 735

210.8

84.9

exceeds R570 000 but does not exceed R665 000

159 031

218.0

105.5

exceeds R665 000

159 031

218.0

105.5