You see, if you don't know when and how to tax the use of a company car, you could end up under-deducting Pay As You Earn (PAYE).
This is the last thing you want because making this mistake means a 10% penalty from SARS is coming your way.
The good news is our experts have got you covered. Today they reveal seven key things you need to know about company cars so you can avoid SARS penalties.
Let's take a look.
According to the experts behind the Practical Tax Loose Leaf Service:
That's not all.
#7: If you still need more clarity regarding company cars check out this article. Here, our experts answer two of your burning company car questions.
There you have it: We hope these seven things will make you understand the tax treatment of company cars better.
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