A Norwegian company employs employees that are tax residents in South Africa who also work in South Africa. These employees receive a medical insurance benefit from the Global Benefits Group. This benefit amounts to USD 4900 per year. As a result of the a
Author: The Payroll Authors Group of South Africa
Important:
This answer is based on tax law year ending 28 February 2021.
Answer:
In terms of Section 6A of the Income Tax Act, the taxpayer only qualifies for medical tax credit if the contributions is made to a MEDICAL SCHEME registered under the Medical Schemes Act.
Therefore, in order to determine if it qualifies, you need to check whether the scheme is registered in terms of the Medical Schemes Act.