![]() The claimable amount is based on how much of your home is taken up by your office space. These include items like data or internet expenses, electricity usage, rent, rates and cleaning costs. ![]() If you work from home, there are home office expenses you can claim for. SARS has been known to flag these claims due to previous abuse of the system, especially for more vague claims like entertainment. You’ll need to prove that these expenses were directly related to your commission work. This includes expenses such as telephone usage, petrol, accommodation, wear and tear, and entertainment. SARS allows commission earners to deduct all commission-related expenses against his or her commission income. Business expenses you can claim as a commission earner Net operating lossesĪny losses incurred in the same business in previous years can be carried forward as a tax deduction. Business start-up expensesĪny costs that were incurred while setting up your business in your first year of trading can be claimed. You must be able to prove that these costs were business-related. This can include expenses like drinks, meals or live entertainment. Entertainment expensesĮntertainment costs for clients can be deducted. The cost of staff training that directly relates to their roles at the company can be claimed as a business expense. Usually, these long-term expenses are budgeted for well in advance. These are large expenses that don’t crop up on a daily or monthly basis. marketing, advertising and promotional expenses.travel and transport, including business vehicle running costs.employee costs and administration costs.These expenses should all fall into one the following categories: These are general day-to-day office or business expenses, including items like stationery, petrol and internet. To make sure you haven’t overlooked any tax-deductible business expenses, use our handy checklist. Freelancers who work from home can also claim valid expenses. In South Africa, whether you’re registered as a company or a sole proprietor, you can claim business expenses on your taxes. It’s imperative to keep records of these purchases. What counts as tax-deductible business expenses?Īccording to SARS, tax-deductible business expenses are any expense incurred in the operation of a business.įor example, stationery bought for the office is considered a business expense. Small businesses must ensure they claim all the tax-deductible business expenses they’re entitled to on their tax returns. In the current economic climate, it’s essential to reduce business expenses wherever possible.
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