Income Tax Act, 1962 (Act No. 58 of 1962)Notices2007 NoticesDetermination of daily allowance for meals and incidental costsNotice No. 149 of 2007 |
Notice No. 149
21 February 2007
GG 29649
South African Revenue Service
By virtue of the powers vested in me by section 8(1)(c)(ii) of the Income Tax Act, 1962 (Act No. 58 of 1962), I, Pravin Jamnadas Gordhan, Commissioner for South African Revenue Service, hereby determine in the Schedule hereto the amounts which shall be deemed to have been actually expended by a person in respect of meals and incidental costs for the purposes of section 8(1)(a)(i)(bb) of that Act.
The amounts determined in this notice apply in respect of the year of assessment commencing 1 March 2007.
P.J. Gordhan
Commissioner for the South African Revenue Service SERVICE
Schedule
| (1) | Unless the context otherwise indicates, any word or expression to which a meaning has been assigned in the Income Tax Act, 1962, bears the meaning so assigned. |
| (2) | The following amounts will be deemed to have been actually expended by a recipient to whom an allowance or advance has been granted or paid— |
| (a) | where the accommodation to which that allowance or advance relates is in the Republic and that allowance or advance is paid or granted to defray— |
| (i) | incidental costs only, an amount equal to R63-50 per day; or |
| (ii) | the cost of meals and incidental costs, an amount equal to R208-00 per day; or |
| (b) | where the accommodation to which that allowance or advance relates is outside the Republic and that allowance or advance is paid or granted to defray the cost of meals and incidental costs, an amount equal to US$200 per day. |