Incredible Non Taxable Reimbursive Travel Allowance References
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Non Taxable Reimbursive Travel Allowance. With effect from 1 march 2020 both a travel allowance and reimbursive travel allowance are included in the definition of variable remuneration. If it isn't taxable then it will not be included in your taxable income so you will not be taxed on the amount.
SARS Tax Tables for 2014 Pay Solutions from www.paysol.co.za
Reimbursive travel allowance (it) 3703. If the employer agrees to structure the maximum travel allowance of r120 000, the cost to the employer is now r620 000 and not r500 000 as on a ctc model. Attached to this email you will find:
SARS Tax Tables for 2014 Pay Solutions
Hi reneengelbrecht, if you get reimbursed at a rate of more than r3.61 or have a travel allowance along with your reimbursement then you can not use the tax free code and you will have to use the taxed on assessment code (5520). If it isn't taxable then it will not be included in your taxable income so you will not be taxed on the amount. An alternative to providing an employee with a monthly travel allowance amount is to provide the employee with a reimbursive travel allowance. Hi reneengelbrecht, if you get reimbursed at a rate of more than r3.61 or have a travel allowance along with your reimbursement then you can not use the tax free code and you will have to use the taxed on assessment code (5520).
