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Company car or car allowance?

The age-old debate, updated

FOR THOSE individuals who undertake business travel, whether as an employee or in one’s own business or professional practice, choosing between a company car or a car allowance can be a significant decision. Both options have their advantages and considerations, impacting factors such as cost, convenience, taxation, and personal preferences.

This article aims to provide an in-depth analysis of the company car and car allowance options in South Africa, helping individuals and their employers to make an informed decision based on their specific circumstances and needs.

Company car
A company car is a vehicle provided by an employer for an employee’s business and personal use.

The ‘employer’ in this case needs to be a separate legal entity, whether this is an employer in the conventional sense or a corporate structure through which one carries out business activities. In other words, someone …

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