Motor Vehicle Odometer Readings
The last day of February marks the end of the tax year for individual taxpayers.
We would like to remind all individual taxpayers who receive a motor vehicle allowance about the importance of recording the closing kilometre readings of their odometers at the end of Wednesday, 28 February 2007.
This reading is vital in order for taxpayers to claim a tax deduction for business travel – without it any claim will be disallowed.
Please keep these records in a safe place should SARS require proof thereof at a future date.
Should you require any further information, please do not hesitate to contact us.