New subsistence and travel rates effective 01-Mar-2010
Posted by David Worth | 14 Jun, 2010In accordance with the allowable SARS rates, the subsistence and travel rates applicable to UCT business trips have increased with effect from 1 March 2010:
New rates
Local - Incidental costs only: R85.00
Local - Meals and incidental costs: R276
Foreign - The amount per day is dependant on the country being visited. Please refer to the South African Revenue Services (SARS) table for rate applicable to the country in which the staff member will be staying overnight.
Please note that these rates are the
MAXIMUM allowed without tax consequences. The actual rate claimed is at the fund
holder's discretion. Please refer to policy PAY002 on the Finance website. You must ensure that the
updated form FM032 is used when claiming, and that you
complete the section requiring details of other POs already created for
expenses associated with the same trip. Incomplete forms will returned unprocessed to the applicant.
S&T is not payable for foreign visitors. Receipts for legitimate expenses must retained, and a reimbursement claimed using form FM049.