South Africa Gazettes Notice Setting Business Travel Allowance Rates for Motor Vehicles

The South African Official Gazette March 1 published Notice No. 4456, setting business travel allowance rates for motor vehicles. The notice includes measures: 1) setting the optional, simplified method rate at 4.84 South African rand (US$0.25) per kilometer; 2) setting values for fixed costs, fuel costs, and maintenance costs, under the cost scale method for determining allowances based on the value of the vehicle; and 3) listing the requirements of an eligible motor vehicle under the regime. The notice applies to tax years beginning on or after March 1. [South Africa, Government Portal, 03/01/24]

Reference: View Notice No. 4456/2024, Official ...