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SARS Travel eLogbook 2023/24
- 05 April 2023
- Accounting
- South African Accounting Academy
This handy document sets out how a taxpayer should go about calculating a travel deduction if they are in receipt of a travel allowance.
Without a logbook, a taxpayer will not be able to claim a travel deduction.
It is now compulsory to keep a logbook of all travel in which the taxpayer records their business kilometres if you want to claim a travel deduction.
The logbook must contain the following minimum information relating to your business travel:
- Date of travel
- Kilometres travelled
- Travel details (where to and reason for the trip)
Click here to download the Travel eLogbook:
https://www.sars.gov.za/wp-content/uploads/Docs/Logbook/2023-24-SARS-eLogbook.pdf
Relevance to Auditors, Independent Reviewers & Accountants:
- The Income Tax Act is yet another piece of legislation that your clients must comply with, and which you must assess compliance with. If they don’t comply with the relevant laws and regulations, you have certain reporting obligations in terms of NOCLAR (NOn-Compliance with Laws And Regulations) – this could include reporting to management, qualifying your audit opinion, reporting a Reportable Irregularity, etc.
- As an auditor, independent reviewer or accoutant, you need to consider the latest publications and tools that have been issued by Regulatory bodies, e.g. SARS.
- As a tax practitioner, you need to advise your clients on the latest publications available from SARS to facilitate any travel deduction.
- As a taxpayer who receives a travel allowance, you also need to keep a logbook which records your business travel in order to claim the relevant deduction at the end of the tax year.
Relevance to Your clients:
- As a taxpayer who receives a travel allowance, your clients need to keep a logbook which records their business travel in order to claim the relevant deduction at the end of the tax year.
To stay current with all the latest changes and updates subscribe to our Monthly Compliance and Legislative Update series for R 250.00 per month. This gives you access to a monthly 2-hour webinar and monthly newsletter:
https://accountingacademy.co.za/profession/monthly-legislation-update
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https://cpd.accountingacademy.co.za.