Page 27 - P6 Slide Taxation - Lecture Day 3 - VAT Part 2

Right of use of a vehicle:

( [ (determined value x 0.3% of 0.6%)

- Amount paid by employee ]x 14/114 x % TS

3. Deductions

- If employee bears full costs of repair and maintenance and

receives no allowance for this, the consideration in money could

be reduced monthly with the lesser of:

→ R85 per month; or

→ amount of consideration in money determined monthly.