Sars petrol log book 2015

Fringe benefits right of use of motor vehicle sa tax guide. Because most of the users were not aware of the logbook requirement, other documentary proof to substantiate the quantity of diesel used should be supplied. Individuals below the age of 65 who do not carry on a. This sars pocket tax guide has been developed to provide. In part 1 we had a look at the tax deductions made available to sole proprietors, commission earners and freelance artists but what if you are an employee earning a salary. The vehicle log book is perhaps one of the most important tools for your vehicle maintenance.

Matrix understands that keeping track of your trips can be a little bit tiresome. This assists in the log book submission of an annual tax return. Free travel logbook online electronic tax logbook dryk. Live life simply by using the sars tax logbook for automated travel, fuel and maintenance reporting whether youre selfemployed, a business owner or a corporate employee. Travel elog book sars logbook used to claim a deduction. Sars logbook for business travel mybroadband forum. This is a letter from sars to explain the necessity of logbooks for reclaiming diesel expenditure. Introduction it is now compulsory to keep a logbook of all your travel in which you.

If you use a vehicle for your own business or for company kilometres, you need to keep track of the distances you travel andor fuel usage in order to claim a travel. In other words, failure to provide a log book results in an unnecessary and entirely avoidable financial penalty. This includes any fixed travel allowances, petrol, garage and. This sars pocket tax guide has been developed to provide a synopsis of the most important tax, duty and levy related. Log book server, via a user friendly online interface, then sars compliant log.

Without the vehicle price the calculations cannot be performed. No fuel cost may be claimed if the employee has not borne the full cost of fuel used in the vehicle and no maintenance cost may be claimed if the employee has not borne the full. The gps log book device plugs into the cigarette lighter in your car and automatically records all vehicle mileage. Do i need a log book for a sole proprietor taxtim sa. Free excel logbook for sars download at the bottom of the page. This gps logbook is webbased so you access your trip data anytime, anywhere, provided you have an internet connection. The template accommodates multiple vehicles and can also be used to calculate travel charges for invoicing to clients. Can i claim and how does it work what must i claim and what do i get back. Since january 2001, the tax system was changed to residencebased wherein taxpayers residing in south africa are taxed on their. Car logbook is the perfect app to keep track of your vehicle expenses, mileage and fuel consumption. Logs april 15, 2015 february 7, 2019 kate log book, log book template, vehicle log book, vehicle log template, vehicle maintenace. Calculate mileage and fuel expenses with vehicle log book.

The gps log book device plugs into the cigarette lighter in your car and. You can even calculate your claim using the calculator on the gps log book website, based on the 2015 2016 sars cost table, which will provide you. Managing your tax compliance status with sars the issuing of the pr. You may only claim travel expenses if you kept a valid vehicle logbook. Taxation may involve payments to a minimum of two different levels of government. You go back to your complete fullyear mileage log for the 2015 tax year, which youve. Daily business travel records south african revenue service travel logbook 2014. Calculating a travel deduction if you are in receipt of a travel allowance the income tax act no. This is why matrix offers all mx3 customers access to the best, stateoftheart automated sars tax logbook. To do this, youll have to keep an accurate record of all your expenses during the year, in addition to keeping a log book. Alternatively you can calculate your claim based on actual costs.

Travel e log book sars logbook used to claim a deduction on personaltax. Started my new job and theyve given me a petrol allowance quite small 2 tanks and theyve said i need to kep a logbook for sars etc. The reimbursement does also not have to be substantiated by a logbook. This site can be used to keep all your vehicle logbook entries and to then see interesting reports like fuel consumption per refill, cost per month, etc. Suitable for individuals who need to compile a vehicle logbook for income tax purposes and for businesses needing to manage a. Buy now the rebate amount is based on a sample of 432 tracked drivers who logged at least 50 business trips in the 2015 2016 tax year. For example, a car with a value of r250 000 with 20 000 business kilometres travelled, could result in a payment to sars of r15 892 at the end of the year. Feeding logs infants and new born babies are very sensitive to different factors of the visitor log book template. Use this log book template to compile a complete vehicle logbook for all business and private travel. After the data has been uploaded to the gps log book server, via a user friendly online interface, then sars compliant log books can be created.

Learn how to use an automobile log book to keep track of business mileage so you can claim automobile expenses on your tax return. Best bet most relevant search result site page pdf document. Kiss i just love simple, easy to use tools which make my life easier and help cut out the hassle. Grain sa made an agreement with sars with regards to the keeping of logbooks for any periods before 1 april 2012 under audit. The south african revenue service reserves the right to audit and query the content or information recorded by the taxpayer in any logbook. These expenses include fuel, oil, repairs and maintenance, car licence. Gps logbook combines fuel logbook and travel for tax purposes. What can i claim as a tax deduction if i am an employee earning a salary. Even though the hand written logbook is still compliant to the requirements of sars, it is definitely a very time consuming affair.

Firstly, record your motor vehicles odometer reading on 1 march, i. I had an account query, late afternoon last week, but accounts already left. The sample of drivers drove a total on average of 24 872kms in the tax year with 8565kms of these kilometres being driven for business purposes 34%. If your mind immediately turns to laborious handwritten records, banish the thought immediately. With matrixs electronic sars tax logbook, you can easily and effortlessly track, measure and monitor vehicle mileage, fuel consumption and maintenance costs. The total quantity of liters not substantiated will be. If you are looking to create an excel logbook for sars and you want it to include the dates for working days only, you can easily create it in excel using the workday function. You can calculate your claim based on the table of costs supplied you are now ready to calculate the amount of your claim. Travel elog bookafrikaans south african revenue service. It is a criminal offense to not register with both a recognized.

Since the new tax compliance status tcs system in 2015, we advised that the printed tcc will be stopped at a future date. You need not have kept an accurate record of all your expenses simply use the costs linked to the value of your vehicle. It allows you to keep track of business and private trips. Meeting new people and having a conversation with the customers is. Unauthorised usage of content andor information is strictly prohibited. For you to get any tax benefit out of a travel allowance on your private motor vehicle, from 1st march 2009 you have to keep a logbook. Logbook 20 travel logbook for 1 march 2012 to 28 february 20 logbook for 01 march 2012 to 28 february 20 in excel format. Sars have now made it compulsory to have a detailed car log book. This sars pocket tax guide has been developed to provide a synopsis of the.

Must an independent contractor keep a travel logbook to. The accurate determination of what constitutes business travel is critically important and is determined by looking at the purpose of the trip and assessing whether it is for business purposes or private purposes. Prior to 2001 the south african tax system was sourcebased, wherein income is taxed in the country where it originates. As members are no doubt aware, there has been some confusion regarding what specific information and in which format sars requires growers to supply them in order for them to comply with the regulations and hence obtain the rebate. All information, content and data on sars websites and associated facilities, including but not limited to software, hyperlinks and databases, is the property of or licensed to sars and is protected under applicable south african laws. The device simply plugs into the vehicles obdii port, meaning zero install cost. Sars have thoughtfully provided an electronic travel elogbook here that you can download. National news sars has made a special allowance for farmers who have not kept a careful log of diesel consumption.

I phoned back today and she could remember the issue and just picked up and assisted even more. Must know information surrounding sars diesel rebates introduction this document is intended as a guideline that has been built on our experience with numerous diesel audits, as well as intensive discussions with sars officials during information sessions. This vehicle log book for excel in particular can help you calculate the various expenses that are part of owning a vehicle. Sars vehicle tax log book for the period 1 march 2011 to. For the rates for other tax years please visit the sars website at.

I get rxxx amount on my pay slip for petrol allowance. A fin24 user wants to know if he can claim mobile phone, 3g and travelling costs for work done for the same company that retrenched him as well as others. She asked if she can maybe help and then sorted out all queries i had even though it was not her job. It is a key document that ensures a perfect investment on your asset. Basically it is a device which looks like a car charger for a cellphone which you plug into the lighter socket and. From 1 january 2015 the debt from which the interest arises must. Travel log book 2015 download here travel log book 2014 download here. Logbooks critical for diesel refunds george herald.

Travel logbook for 1 march 2012 to 28 february 20 sa. Without a logbook you wont be able to claim the cost of business travel against your travel allowance. You can calculate mileage and fuel expenses with the vehicle log book for excel. You will find the cost tables which apply to the tax year from 1 march 2015 to 29 february 2016 on the next page. If you are an eligible taxpayer, you must keep a tax logbook firstly by recording your vehicles odometer reading on 1st march, the first day of the. If you often use your car for work, the car logbook method is a good way to boost. Travel log book 2019 download here ctf provides you with a workable sample here car log book travel log book 2018 download here travel log book 2017 download here travel log book 2016 download here.

This vehicle log book for excel is one of the many excel templates that you can use for just about any aspect of your home and business. Calculate your claim based on the cost scale table which sars supplies youll find this table in the introduction section to the travel elogbook calculate your claim based on actual costs. As said above use the same headings and keep all the required information eg reason for trip where business. Without a logbook, you will not be able to claim a travel deduction. Collect your free travel logbook for sars here it is compulsory to keep a logbook for south african revenue services to submit a claim for your vehicle expenses on year end. Little logbook offers you an unbelievably simple electronic solution to this requirement. Logbook for 01 march 2012 to 28 february 20 in pdf format. Do the motor vehicle expenses incurred require the support of a travel log book. Sars has changed its laws regarding business travel and fuel rebates and the onus is now on the individual to keep a detailed logbook of all business usage. Travel elog book sars logbook used to claim a deduction on personaltax. Travel elog book sars logbook used to claim a deduction on. Sars each year you will find the cost tables which apply to the tax year from 1 march 2010 to 28 february 2011 on the next page of this logbook.

I made the mistake of not keeping an accurate log book from last year march to this year feb. Sars binding rulings 67 share incentive scheme 50 shares 62. Travel elogbook the sa institute of tax professionals. Calculating a travel deduction if you are in receipt of a travel allowance introduction it is now compulsory to keep a logbook of all your travel in which you. Generic diesel rebate logbook forestry in south africa. Must an independent contractor keep a travel logbook to get a deduction for travel expenses. How to keep a mileage log to claim motor vehicle expenses a log book is key to substantiating automobile expense claims.