Travel Allowance Updates Effective March 2018
As of 1 March 2018, travel allowances where employees are reimbursed per kilometre are now taxable on the payslip if it exceeds the prescribed rate.
As of 1 March 2018, travel allowances where employees are reimbursed per kilometre are now taxable on the payslip if it exceeds the prescribed rate.
With the start of the new financial year looming ahead of us, lawmakers have been hard at work drafting legislative changes that will require Payroll administrators to keep their wits about them if they want to keep up.