you must have a detailed "daily" log book showing business and private mileage now. you no longer can just use the excel spread sheet anymore. you must also show opening and closing on a daily basis.
There is no specific format. SARS just wants a record of your business travels because claiming this deduction will decrease your tax liability. And there is a lot of fraud with taxpayers fraudulently claiming this deduction. If you have a logbook you have written by hand, use that. Don't then waste time with excel. it should just be legible and understandable.
I agree with this.Yes they is no format but just making the logbook is kept
No-one looks after this forum really?
:wtf:
Per the 2014 SARS elogbook: “It is now compulsory to keep a logbook of all your business travel in which you record what travel was for business. There is no requirement to keep records of private travel. Private kilometres will be the difference between total kilometres (closing and opening kilometres) and business kilometres travelled”.
So I understand that you are only require to complete it for business trips and not a daily basis as per your comment? Or am I missing something?