Non Taxable Reimbursive Travel Allowance at Traveling
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Non Taxable Reimbursive Travel Allowance. The reimbursement must be reflected on the employee’s payslip and accrue to irp 5 code 3703. The distance travelled for business purposes will also be deemed to be travelled in such a year of assessment.
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The rate per kilometre used to calculate the travel reimbursement does not exceed the prescribed rate per kilometre. If it isn't taxable then it will not be included in your taxable income so you will not be taxed on the amount. A reimbursive travel allowance is where an allowance or advance is based on the actual distance travelled for business purposes (that is excluding private use).
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If the rate paid exceeds r2.92 per kilometre and exceeds the rate per kilometre determined according to the above table, the reimbursement is. In summary, the following irp5 source codes must be used to report travel reimbursements: If it isn't taxable then it will not be included in your taxable income so you will not be taxed on the amount. Non taxable business travel up to 12 000 km at the minister of finance’s set tariff per km;and is taxable above 12 000 km business travel.
