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HOME >> Cadillac BLS

Cadillac BLS

 

PERKS TAX EXAMPLE

Example 1

 

4 DOOR SEDAN
Recommended Retail Price
Annual Kilometers
Annual Car Allowance
Marginal Tax rate
 


R 268 000
32 000 km
R 96 000
38
 

 

Actual Annual tax contribution paid upfront R 21,888.00
Total perks tax due R 15,314.14
Total Tax R 6,544.56 Rebate due To you

 

Example 2 - Keeping a Logbook.
Reducing the 18 000 personal km to 16 000km per year

 

4 DOOR SEDAN
Recommended Retail Price
Annual Kilometers
Annual Car Allowance
Marginal Tax rate
 


R 268 000
32 000 km
R 96 000
38
 

 

Actual Annual tax contribution paid upfront R 21,888.00
Total perks tax due R 12,323.59
Total Tax R 9,564.41 Rebate due To you

That is a extra R 3,019.85 back to you at the end of the tax year by just keeping a logbook

Work out your Perks Tax

2008 Marginal Tax rate table

1 Enter Vehicle Price
2 Enter Total Annual Kilometres
3 Annual Car Allowance Received
4 Personal Kilometres driven
  Default value = 18000
4 Enter Marginal Tax Rate ?

RESULTS
Taxable Income (R) Rates of Tax (R)
0 - 122 000   18% of each R1  
122 001 - 195 000 21 960 +25% of the amount above 122 001
195 001 - 270 000 40 210 + 30% of the amount above 180 000
270 001 - 380 000 62 710 + 35% of the amount above 270 000
380 001 - 490 000 101 210 + 38% of the amount above 380 000
490 001 and above 143 010 + 40% of the amount above 490 000

 

While every effort is made to ensure their accuracy FleetCUBE.com cannot be held liable for the use of the calculators, including any incorrect information generated by the calculators and/or arising pursuant to your reliance on such information. Under no circumstances will FleetCUBE.com be liable for any consequential loss or damage howsoever arising from the aforesaid

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