Travel Log



Travel Log

Travel Allowances made Easy with a Handy Daily Travel Log Book With the new South African Revenue Services regulations individuals who receive a travel allowance or the use of company cars are required to keep a Log Book. To make your life easier we have included a handy new Daily Travel log in the Management diary that allows you to record your daily business travel and expenses in your diary and then transfer the totals to the Log Book in the back of the diary. The Travel Log has been designed to comply with SARS requirements for a Log Book and can be submitted as a record should you be required to do so.

80% of your travel allowance or fringe benefit arising from the free use of a company vehicle is included in your remuneration and taxed according to the tax tables applicable to individuals.

In order to claim a tax deduction on assessment, in respect of your business travel for the year, it is imperative that you maintain a log book detailing your business travel. You may claim a deduction based on actual or deemed costs however your kilometres travelled must be based on actual kilometres as recorded in your log book. Failure to do so may result in you having to pay a significant amount of tax to the South African Revenue Services on assessment of your taxes.

The fringe benefit arising from the free use of a company vehicle is now calculated at a rate of 3.5% of the cost of the vehicle including VAT.
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