Sbo says: 20 January 2017 at 14:18 I have a code 3701 on my IRP5, can you tell me how the tax is calculated on the amount please? |
TaxTim says: 23 January 2017 at 8:47 SARS requires that your employer calculates tax on 80% of the amount next to the 3701 code. In order to claim back the tax on it you should have kept a logbook as proof of the expense you incurred. |