Sars vehicle log book 2013

The south african revenue service reserves the right to audit and query the. South african revenue service travel logbook 20 14. This logbook enables you to claim a deduction from income tax for business travel. You will find the cost tables which apply to the tax year from 1 march 20 to 28 february 2014 on the next page of this logbook. A vehicle log book maintains a record of the servicing of your automobile.

This sars tax guide has been developed to provide a synopsis of the most. Jul 10, 2012 travel log book sars alot of you are probably trying to sort out your log book into the correct format for submitting your 2012 sars returns. Sars released trade statistics for february 2020 recording a trade surplus of r14. Our client is a medical practitioner and we have deducted deprecation from the taxable income for the assets related business activities. Travel log book 2018 download here travel log book 2017 download here travel log book 2016 download here. The actual distance travelled during a tax year and the distance travelled for business purposes substantiated by a log book are used to determine. Severe acute respiratory syndrome sars is a viral respiratory disease of zoonotic origin that surfaced in the early 2000s caused by severe acute respiratory syndrome coronavirus sarscov or sarscov1, the firstidentified strain of the sars coronavirus species severe acute respiratory syndrome related coronavirus sarsrcov. Sars vehicle tax log book for the period 1 march 2011 to 29 february 2012 september 2011 52.

Logbooks critical for diesel refunds george herald. The rates in the fixed cost table are adjusted periodically. A separate logbook must be kept for each motor vehicle where more than one motor vehicle has been used for business travel during the year of assessment. Jul 25, 2017 section 240a of the tax administration act, 2011 as amended requires that all tax practitioners register with a recognized controlling body before 1 july 20. Travel elog book sars logbook used to claim a deduction. Start recording your work trips now for next year with our free handy logbook app. Mslb is a crossplatform simple logbook program application to write work logs or even a diary.

I was away on business for a total of 10 days 9 nights for the period 1 march 20 until the date of my. We have a vehicle log book, as the name implies, used for vehicular pass. That is the reason why vehicle log book is becoming the most important and popular way to measure and claim car usage expenditures. Whether you are claiming business mileage from the taxman, billing clients for travel expenses, keeping tabs on your employees and business vehicles or. I did not keep a vehicle logbook and now sars wants more details. The rates in the table on this page relate only to the 201011 tax year, i. Suitable for individuals who need to compile a vehicle logbook for income tax purposes and for. When connected to a computer, your logged data is uploaded to the gps log book server, to be readily exported into an accurate sars compliant tax logbook. Vehicle log book template for ms excel and calc document hub. May 16, 2019 the fixed cost must be reduced on a prorata basis if the vehicle is used for business purposes for less than a full year. The fixed cost must be reduced on a prorata basis if the vehicle is used for business. Vehicle log book enables a user to record all vehicle related details and info at a place in an organized manner that can be used to claim car expense dedications when making income tax return. Budget 20 14 36 budget 201415 42 budget 201516 33 budget 201617 42. An employerprovided vehicle is a vehicle owned by the company that is given to you for business travel.

For the weekend option you can enter a number from 1 to 17 which tells excel what to consider a weekend i. The software generates tax compliant reports so you can claim from the taxman. Aug 01, 20 what about a vehicle supplied by your employer. Sars efiling is a free, online process for the submission of returns and declarations and other related services. It is compulsory for the owner of the vehicle to have a log book of the vehicle. Sars vehicle tax log book for the period 1 march 2011 to 29. If you are not an efiler, please log on to za to register if you require. I did not keep a vehicle logbook and now sars wants more. Fringe benefits right of use of motor vehicle sa tax guide. Aug 25, 2015 download vehicle log book to track your cars mileage and more.

This free service allows taxpayers, tax practitioners and businesses to register free of charge and submit returns and declarations, make payments and perform a number of other interactions with sars in a secure online environment. You are now ready to calculate the amount of your claim. An excel spreadsheet designed for the log book is a great tool for keeping yourself updated on your vehicles performance. If you receive a travel allowance you can claim a deduction for the use of your private vehicle for business purposes. You can calculate your claim based on the table of costs supplied by sars each year.

If you use a vehicle for your own business or for company kilometres, you need to keep track of the distances you travel andor fuel usage in order to claim a travel allowance and sars fuel rebates. No fuel cost may be claimed if the employee has not borne the full cost of fuel used in the vehicle and no maintenance cost may be claimed if the employee has not borne the full cost of maintaining the vehicle e. Generic diesel rebate logbook forestry in south africa. High precision gps technology records and manages your kilometres effortlessly, while your data is readily exported into customisable spreadsheets for seamless, accurate and first class trip analysis. A site rebate is only applicable to the 2012 and 20 tax years for a taxpayer. Sars vehicle tax log book for the period 1 march 2011 to. Travelling has become the most important part of life that one cant ignore it for sure.

The gps log book live device represents advanced telemetric and gsm technology, all wrapped up in a compact housing. Now you can keep your vehicle log book up to date with oneclick simplicity from taxtim. Even though the hand written logbook is still compliant to the requirements of sars, it is definitely a very time consuming affair. Logbook and worktime training course for heavy vehicle. Must an independent contractor keep a travel logbook to get a. Take your completed travel logbook together with all other supporting documents with. So each time a certain vehicle enters a property, an entry will the be added on the vehicle logbook. Car logbook is the perfect app to keep track of your vehicle expenses, mileage and fuel consumption. The report includes your starting location and stopping destination for each time you turn off the vehicle, along with the number of miles for that trip. It is compulsory to keep a logbook for south african revenue services to submit a claim for your vehicle expenses on year end. This can be easily done with the help of vehicle log template. Travel log book 2019 download here ctf provides you with a workable sample here car log book.

One item, motor vehicle expenses is being analysed. In this case you also have to keep a logbook to support your claim for related expenses, but you do not need to submit the log book with your itr12 return. This course covers work time, rest time, extensions, exemptions, offences, secondary employment and more. Keeping a vehicle log book in an electronic form can bring lots of benefits for the owner. A vehicle log book is a document which is used by many vehicle owners to prove their ownership. Use this log book template to compile a complete vehicle logbook for all business and private travel. This sars tax guide has been developed to provide a synopsis. Updating the vehicle log on daily basis will also give you the true value of your asset by the end. Depreciation faqs posted 17 february 2017 under taxtims blog. Collect your free travel logbook for sars here it is compulsory to keep a logbook for south african revenue services to submit a claim for your vehicle expenses on year end.

Is it required to submit a logbook as proof of deprecation. Now sars wants me to forward them more details, what do i do. Commonly, the meter reading at the start of the trip and at the end are also added so that the mileage. The fixed cost must be reduced on a pro rata basis if the vehicle is used for business purposes for less than a full year. Diesel usage logbook received from storage facility unit diesel used received from storage unit number type of vehicle machine vehicle registration no machine serial no purpose specific eligible activity performed when activity performed where activity performed unit no. Travel e log book sars logbook used to claim a deduction on personaltax.

A sars contact centre agent will assist to customise your return and then it will. Mar 01, 2012 logbook for 01 march 2012 to 28 february 20 in pdf format. Sars often ask to see your logbook if it is not completed as per sars. The logbook becomes a muchneeded document when the owner of the vehicle wants to sell it. Comprehensive guide to the itr12 return for individuals. This log book should be sent to the buyer along with all the registration details. Where you used more than one vehicle in the tax year, a separate logbook must be kept for each vehicle that was used. Here, we offer different types of logbook to fit an individuals preference.

Vehicle logbook app for recording work trips taxtim sa. Can i claim depreciation for my car as a sole proprietor if i have a log book by using the tax table. It is a very easy way to provide the good security to your dear ones. If you get a travel allowance, you can claim a deduction for the use of your private vehicle for business purposes but only if you keep a logbook and your. Mslb can also use a bunch of presets that you can add with a simple doubleclick. You may only claim travel expenses if you kept a valid vehicle logbook. Firstly, record your motor vehicles odometer reading on 1 march, i. At the time when you would like to sell, it will be very easy for you to determine the real market value of vehicle.

For the rates for other tax years please visit the sars website at. The details of that certain person are also included in the log book. In fact, all tax payers with a car need to submit a logbook to sars with their tax return. Jul 12, 2017 it is not necessary to record details of private travel for example, that the recipient went to the movies on x date and the distance travelled was y kilometres or daily opening and closing odometer readings. Calculating a travel deduction if you are in receipt of a. Free travel logbook online electronic tax logbook dryk. A site rebate is only applicable to the 2012 and 20 tax years for a taxpayer who earned. A taxable benefit shall be deemed to have been granted where an employee is granted the right of use of any motor vehicle for private or domestic purposes, the cash equivalent of the value of the taxable benefit shall be so much of the value of the private use of such vehicle as exceeds any consideration given by the. The gps log book live launched two years later in june 20. The income tax act 58 of 1962 gives taxpayers who receive a travel allowance the right to claim this deduction if they use their private vehicles for business purposes, but. Gps tracking or manual entry for vehicle mileage either km or miles.

Ive been using excel to do my logbook for quite some time now, and the spreadsheet posted on this blog has helped me quite a bit. The actual distance travelled during a tax year and the distance travelled for business purposes substantiated by a log book are used to determine the costs which may be claimed against a travelling allowance. If you receive a travel allowance from an employer or principal, you can claim a deduction on assessment of your annual income tax return for the use of a private motor vehicle for business purposes. Travel elog book sars logbook used to claim a deduction on. As members are no doubt aware, there has been some confusion regarding what specific information and in which format sars requires growers to supply them in order for them to comply with the regulations and hence obtain the rebate. Travel logbook for 1 march 2012 to 28 february 20 sa. After the data has been uploaded to the gps log book server, via a user friendly online interface, then sars compliant log books can be created. Once plugged into the socket, our high sensitivity gps and intelligent logging software accurately records the time, position and speed of your vehicle at any point in your journey. These expenses include fuel, oil, repairs and maintenance, car licence, insurance, wearandtear and finance charges or lease costs. Basically, a vehicle log book contains the information regarding the vehicle. I did not keep a log book but when i did efiling i said.

This accessible template is simple and generic and can be used for multiple scenarios such as trucking, ships, fishing, piloting, scuba diving, amateur radio, etc. The logbook should contain a detailed record of your business mileage for the tax year i. You need not have kept an accurate record of all your expenses simply use the costs linked to the value of your vehicle. If you use your car to travel for business, you must keep a sars logbook to record how far you drive to claim. It allows you to keep track of business and private trips. The gps log book device plugs into the cigarette lighter in your car and automatically records all vehicle mileage. Free excel logbook for sars download at the bottom of the page. Vehicle logger is the easiest and simplest way to create, share and report vehicle log books for mileage, fuel, expenses, and tax purposes. Logbooks critical for diesel refunds national news sars has made a special allowance for farmers who have not kept a careful log of diesel consumption. Live life simply by using the sars tax logbook for automated travel, fuel and maintenance reporting. Tax professional 20 knowledge competency assessment. The template accommodates multiple vehicles and can also be used to calculate travel charges for invoicing to clients. Sars logbook for business travel mybroadband forum. It pays to travel the sa institute of tax professionals.

For example, a car with a value of r250 000 with 20 000 business kilometres travelled, could result in a payment to sars of r15 892 at the end of the year. With matrixs electronic sars tax logbook, you can easily and effortlessly track, measure and monitor vehicle mileage, fuel consumption and maintenance costs. Little logbook is a gps device that plugs into your vehicle lighter socket and logs mileage as you drive. Logbook for 01 march 2012 to 28 february 20 in pdf format. The fixed cost must be reduced on a prorata basis if the vehicle is used for business purposes for less than a full year. Travel logbook for 1 march 2012 to 28 february 20 sa tax. In other words, the vehicle log book keeps the record of the ownership of the vehicle. To do this, youll have to keep an accurate record of all your expenses during the year, in addition to keeping a log book.

The number of audits conducted in 201220 rose by 42% over the previous year. It is a criminal offense to not register with both a recognized controlling body and sars. Without a logbook, you will not be able to claim a travel deduction. Nov 10, 2014 is it required to submit a logbook as proof of deprecation for a motor vehicle used for business purposes. I receive a travel allowance or taxable reimbursive allowance. I thought a travel logbook is only applicable to travel allowances for employees. If you use your own car to travel for business, you need to keep a sars logbook to record how far you drive for business purposes. Once the person succeeds in proving his ownership, he becomes liable to register the vehicle and pay the tax. Gps log book logs and provides a detailed and sars compliant. Best bet most relevant search result site page pdf document. Advanced telemetric and gsm technology, gps log book.

Gps log book classic plugs into your cigarette lighter. How to claim travel expenses without a logbook taxtim sa. For the rates for other tax years please visit your nearest sars branch office, call the sars contact centre on 0800 00 sars. Alternatively, you can calculate your claim based on. If you are looking to create an excel logbook for sars and you want it to include the dates for working days only, you can easily create it in excel using the workday function. We are providing you three excel sheets as sample and all of them are printable. Keeping your sars travel logbook in order used to be a headache. Logbook 20 travel logbook for 1 march 2012 to 28 february 20 logbook for 01 march 2012 to 28 february 20 in excel format. This logbook is required to be filled every time the ownership of the vehicle changes. Gps log book sars travel logbook za 1 of 2 sars vehicle tax log book for the period 1 march 2011 to 29 february 2012.

When i travelled to the different universities refer point 5 above i stayed overnight at guest houses booked by my employer. This gps logbook is webbased so you access your trip data anytime, anywhere, provided you have an internet connection. One of our clients has been selected for and income tax audit. Learn how to fill out a vehicle logbook to avoid fines, suspensions and demerit points. This little unit can be plugged into any vehicle with an obdii port.

I have submitted incorrect logbook information to sars. Sars travel logbook daily business travel records date kilometre recording total business kms business travel details. I have kept a log book that meets sars requirements. It is now compulsory to keep a logbook of all your travel in which you. Additionally, you can save a record of your business trips for tax purposes. Its maintenance is very necessary along with the detail record. You will find the cost tables which apply to the tax year from 1 march 2012 to 28 february 20 on the next page of this logbook. Tax planning log book sars have now made it compulsory to have a detailed car log book. Car workshops keep such records for each of their clients. This is why matrix offers all mx3 customers access to the best, stateoftheart automated sars tax logbook. Having a copy of your vehicle log with you will be h.

This is a letter from sars to explain the necessity of logbooks for reclaiming diesel expenditure. A logbook which taxpayers may use is available on the sars website. Opening kilometers at the beginning of the year of assessmentclosing kilometers at the end of the year of assessmentdaily business travel recordsprimary information to be furnished by a tax payer as required by sarsgrand totaltotaltotalmodelryearvehicle reg no. This assists in the log book submission of an annual tax return. A typical rental vehicle log book contains details of the vehicle the sheet is about along with the details of when and why the vehicle is rented out to a certain person. I have submitted incorrect logbook information to sars, what does that mean. The first gps log book prototype was developed in 2010 and the gps log book classic was officially launched in south africa in november 2011. This is where gps log book can make your life hasslefree. Matrix understands that keeping track of your trips can be a little bit tiresome. Download vehicle log book to track your car s mileage and more.