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Posts Tagged ‘Medical Scheme Fees Tax Credits’

Medical Scheme Fees Tax Credits

Medical Scheme Fees Tax Credits – Week 2

Welcome back to Week 2 of the Medical Aid Credits Series

Medical Scheme Fees Tax Credits

What is Medical  Scheme Fees Tax Credits?

  • Medical Scheme Fees Tax Credits is a rebate which reduces the normal tax a person pays. This rebate is non-refundable and can’t be carried over to the next year of assessment.
  • In other words, this rebate will reduce your normal tax to a lesser amount or nil, however it can’t create a negative amount.
  • It applies for years of assessment starting on or after 1 March 2012 (from the 2013 year of assessment).

Who is it for?