Page 54 - GA Maclachlan Tax Guide 2024

IRP 5 CODES

Normal Income Codes 3719 Dividends not exempt i�t�o para (dd) of the
3601 Income (taxable) i�e� salaries and wages proviso to s10(1)(k)(i)
(taxable), overtime (taxable) 3720 Dividends not exempt i�t�o� par (ii) of the
3602 Income (non-taxable) i�e� pension payments proviso to s10(1)(k)(i) dividends
(non-taxable), arbitration award (non-taxable) 3721 Dividends not exempt i�t�o� par (jj) of the
3603 Pension payments (taxable) proviso to s 10(1)(k)(i) dividends
3605 Annual payments (taxable) i�e� annual bonus, 3722 Reimbursive Travel Allowance
incentive bonus etc� (taxable: amount only to the extent
3606 Commission prescribed limit/km has been exceeded)
3607 Overtime (taxable) 3723 Dividends not exempt i�t�o� par (kk) of the
3608 Arbitration Award (taxable) proviso to s 10(1)(k)(i) dividends
3610 RAF annuity (taxable) 3724 Amount paid by any Covid-19 Disaster Relief
3611 Purchased annuity (taxable) Organisation
3613 Restraint of Trade (taxable)
3614 Other Retirement Lump Sums (taxable) Fringe Benefit Codes
3616 Independent Contractors (taxable) 3801 General Fringe Benefit (taxable) i�e�, Right
3617 Labour Brokers (PAYE/IT) of Use of Asset other than motor vehicle
3618 Annuity from Provident/Provident Preservation (taxable), acquisition of asset at less than
Fund actual value (taxable), Meals, refreshments
3619 Labour Brokers with Exemption Certificate (IT) and meal and refreshment Vouchers (taxable),
3620 Directors Fees – resident Non-Executive Low interest or interest free loans or loan
Director – voluntary PAYE withholding subsidies (taxable)
3621 Directors Fees – Non-resident Non-Executive 3802 Right of Use of Motor Vehicle (taxable)
Director 3805 Accommodation (taxable) i�e� free or cheap
3622 Long Service Cash award – full value residential or holiday accommodation (taxable)
(before excluding any amount) 3806 Services (taxable) i�e� free or cheap services
3808 Employee’s debt (taxable)
Allowance Codes 3809 Bursaries or scholarships (taxable) –
3701 Travel Allowance (taxable) Basic Education
3702 Reimbursive Travel Allowance (taxable: 3810 Medical Aid contributions (taxable)
amount up to the prescribed limit /km that has 3813 Medical services cost (taxable)
not been exceeded) 3815 Bursaries and scholarships (non-taxable) –
3703 Reimbursive Travel Allowance (non-taxable) Basic Education
3704 Subsistence Allowance – Local Travel (taxable) 3816 Use of motor vehicle acquired by employers
3707 Share Options Exercised (taxable) via “Operating Lease” (taxable)
3708 Public Office Allowance (taxable) 3817 Taxable benefit i�r�o� Pension Fund Employer
3713 Other Allowances (taxable) i�e�, Entertainment Contribution
Allowance (taxable), Tool Allowance (taxable), 3820 Taxable Bursaries or Scholarships – Further
Computer Allowance (taxable), Telephone/Cell Education
Phone Allowance (taxable) 3821 Non-Taxable Bursaries or Scholarships –
3714 Other Allowances (non-taxable) i�e�, Further Education
Subsistence Allowance – Local Travel (non- 3822 Non-taxable Acquisition of Immovable Property
taxable) 3825 Taxable Benefit i�r�o� Provident Fund Employer
Uniform Allowance (non-taxable), Subsistence Contribution
Allowance – Foreign Travel (non-taxable), 3828 Taxable Benefit i�r�o� Retirement Annuity
Relocation allowance (non-taxable) Employer Contribution
3715 Subsistence Allowance – Foreign Travel 3829 Taxable Bursaries or Scholarships to a
(taxable) disabled person – Basic Education
3717 Broad-based Employee Share Plan (taxable) 3830 Non-taxable Bursaries or Scholarships to a
3718 Vesting of equity instruments (taxable) disabled person – Basic Education
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