What is "deemed medical contributions"?

Medical contributions paid by an employer for the benefit of an employee to a registered medical scheme will result in a taxable benefit in the hands of the employee. Although regarded as a fringe benefit (and thus gross income), the amount will also be regarded as a “deemed contribution” made by the employee, and will be added to the total contributions made by the employee. This would then be considered for deduction. Contributions paid by the estate of a deceased taxpayer up to date of death are also regarded as having been paid by the taxpayer on the day before his/her date of death.

 

Last Updated: 15/02/2018 5:23 PM     print this page
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