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Income Tax Act, 1962 (Act No. 58 of 1962)

Notices

2016 Notices

Fixing of rate per kilometre in respect of motor vehicles for the purposes of section 8(1)(b)(ii) and (iii)

3. Cost scale

 

Where the value of the vehicle—

Fixed Cost

 

R

Fuel Cost

 

c/km

Maintenance Cost

 

c/km

does not exceed R80 000

26 675

82.4

30.8

exceeds R80 000 but does not exceed R160 000

47 644

92.0

38.6

exceeds R160 000 but does not exceed R240 000

68 684

100.0

42.5

exceeds R240 000 but does not exceed R320 000

87 223

107.5

46.4

exceeds R320 000 but does not exceed R400 000

105 822

115.0

54.5

exceeds R400 000 but does not exceed R480 000

125 303

132.0

64.0

exceeds R480 000 but does not exceed R560 000

144 784

136.5

79.5

exceeds R560 000

144 784

136.5

79.5