Calculate company car fringe benefit tax (3.5% of vehicle value) or car allowance deductions. SARS fringe benefit and travel allowance calculator.
Calculate the monthly taxable fringe benefit at 3.5% of vehicle cost, with reduction for maintenance plans
Work out how much of your travel allowance is taxable using business kilometres and the simplified rate
Understand the tax implications of a company car versus a travel allowance to make the best financial decision
Calculate your vehicle fringe benefit or travel allowance tax
Select your benefit type and enter your details to see the tax impact
Understanding the key differences between vehicle benefit options
| Feature | Company Car | Travel Allowance |
|---|---|---|
| Vehicle Ownership | Employer owns the car | Employee owns the car |
| Tax Calculation | 3.5% of cost per month | Allowance less deductions |
| Maintenance Plan | Reduces rate to 3.0% | N/A |
| Logbook Required | To reduce 80% deemed private use | To claim business km deduction |
| Best For | Low business travel | High business travel |
Keep a logbook to reduce your tax
Without a logbook: SARS deems 80% of vehicle use as private, meaning you pay tax on 80% of the fringe benefit
With a logbook: You can prove a lower private use percentage, potentially reducing your taxable benefit significantly
Common questions about vehicle benefits and tax in South Africa
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Accounter does not provide accounting, tax, business or legal advice. This calculator has been provided for information purposes only. You should consult your own professional advisors for advice directly relating to your business.