taxi accident who pays -law -lawyer -attorney -legal

HOW IT WORKS

Let’s say Mr Tan a CDG Taxi Cabby gets into a serious car accident, where he hits another vehicle. His own taxi is damaged and because he is at fault, the third party claims against Comfort Taxi. As such, Mr Tan has to pay a Contribution To Repair Cost (CTRC) penalty and a Third Party Liability (TPL) penalty to CDG Taxi

MORE DETAILS

Mr Tan will need to pay $500 (excl. GST) deductible for every accident before a claim can be made.

Find Ratings

Using your own car as a taxi for hire via a smart-phone app—such as a Lyft car in San Francisco, with its trademark on-duty pink mustache (shown above)—might seem like a great idea that is environmentally green and has the potential to add the other kind of green to your wallet.

Ask the Insurance Guy

Do you have a question about auto, homeowners/renters, life, or any other kind of insurance? Ask the Insurance Guy by e-mailing your query to [email protected].

How much does the minibus taxi industry make?

The minibus taxi industry generates annual revenues of an estimated R5 billion. The minibus taxi industry contributes only around R5 million in annual company tax, Finance Minister Tito Mboweni confirmed this week. SARS is concerned about tax avoidance in the industry, which earns an estimated annual revenue of R5 billion.

How much do minibus owners pay in VAT?

According to SA Taxi’s estimates, minibus tax owners pay an estimated R1 billion in VAT on vehicle sales every year, as well as R7 billion in fuel levies.