Income Tax Act, 1962 (Act No. 58 of 1962)Notices2014 NoticesFixing of Rate per Kilometre in respect of motor vehicles for the purposes of section 8(1)(b)(ii) and (iii) of the Income Tax Act, 19623. Cost scale |
Where the value of the vehicle— |
Fixed Cost
R |
Fuel Cost
c/km |
Maintenance Cost c/km |
does not exceed R80 000 |
25 946 |
92.3 |
27.6 |
exceeds R80 000 but does not exceed R160 000 |
46 203 |
103.1 |
34.6 |
exceeds R160 000 but does not exceed R240 000 |
66 530 |
112.0 |
38.1 |
exceeds R240 000 but does not exceed R320 000 |
84 351 |
120.5 |
41.6 |
exceeds R320 000 but does not exceed R400 000 |
102 233 |
128.9 |
48.8 |
exceeds R400 000 but does not exceed R480 000 |
120 997 |
147.9 |
57.3 |
exceeds R480 000 but does not exceed R560 000 |
139 760 |
152.9 |
71.3 |
exceeds R560 000 |
139 760 |
152.9 |
71.3 |