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Income Tax - Online Logbook for 2013

04 March 2013   (0 Comments)
Posted by: Erich Bell
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As from 1 March 2013, taxpayers would be required to keep a logbook of all their business traveling expenses which can be obtained here:

Income Tax - Online Logbook for 2013, March 2013, Updated March 2013 

The SAIT would also like to inform its members that in order to claim a deduction, the first step is to record your vehicle’s odometer reading on 1 March each year (the first day of the tax year for individuals), and again on the last day of February the following year (the last day of the tax year for individuals). These opening and closing readings give you your total kilometres travelled for the year.


Without these readings, you cannot claim a tax deduction.


Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.


The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.

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