THE PRESCRIBED TRAVEL RATE PER KM INCREASES AND THE DETERMINED TRAVEL ALLOWANCE RATE TABLE IS UPDATED

9 March 2022by Emmett Roux0

The updated information and rates relating to the Prescribed Travel Rate per KM and the latest Determined Travel Allowance Rate Table has been outstanding since the 2022 Budget Speech.

Recently, Finance Minister Enoch Godongwana signed off on the latest rates and they are as follows:

Prescribed Travel Rate Per KM

The prescribed travel rate per KM has been increased to R4.18 per KM, up from the previous R3.82 per KM. This rate is effective from 1 March 2022.

Determined Rate For Travel Allowance Table

The latest determined travel rate table is as follows and is effective from 1 March 2022.

“Excelsiar is a member of Nowicki & Associates”

Credit: Nowicki & Associates” www.nowhr.co.za

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