Travel allowances and SARS logbook requirements

f you received a travel allowance during the 2009 tax year, you needed to record your mileage reading as at 28 February 2009. From 1 March 2010, it is compulsory for taxpayers who receive a travel allowance and who wish to claim for the business mileage deduction, to keep a logbook of their business mileage.

It is best to keep a logbook of the business mileage travelled to maximise the allowance received during the year – it should include the date, odometer reading and purpose of trip/client’s name. Opening and closing odometer readings for each tax year must also be noted.

Taxpayers who do not comply will forfeit the benefit of their allowances and could owe money to SARS on assessment.

SARS has also provided a Free Travel logbook for all taxpayers to use to record their business mileage for their tax claim – See the following link to the SARS Travel Logbook 2008/2009.

Please contact us should you have any queries on how to maintain a logbook on a daily basis to maximise your travel allowance claim.

Should you require any further information, please do not hesitate to contact us.

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