Sars Medical Deductions Code

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TAX GUIDE ON THE DEDUCTION OF MEDICAL …

https://www.sars.gov.za/wp-content/uploads/Ops/Guides/LAPD-IT-G07-Arc-2018-01a-Guide-on-Determination-of-Medical-Tax-Credit-Issue-2-Archived-2018.pdf

3.2.2 Medical expenses relating to services and prescribed supplies ... MS Act : Medical Schemes Act, No.131 of 1998 SARS : South African Revenue Service SITE : Standard Income Tax on Employees tax year : year of assessment the Act : Income Tax Act, No. ...

Medical Tax Credit Rates | South African Revenue Service

https://www.sars.gov.za/tax-rates/medical-tax-credit-rates/

R230. For each additional dependant. R204. R192. R181. R 172. R162. R154. Important: The amounts may vary depending on the number of months in the tax …

Additional Medical Expenses Tax Credit - South African …

https://www.sars.gov.za/types-of-tax/personal-income-tax/additional-medical-expenses-tax-credit/

Calculation of the Additional Medical Expenses Tax Credit. The AMTC will depend on a person’s age and whether the person, his or her spouse or his or her child …

How do I declare additional medical expenses on my …

https://www.sars.gov.za/faq/how-do-i-declare-additional-medical-expenses-on-my-return/

Declaring additional medical expenses on your return form needs to be done under the different source codes listed below –. 4020 on the return form must be used for …

Medical Expenses & Tax | TaxTim SA

https://www.taxtim.com/za/guides/medical-expenses-tax

Additional Medical Expenses Credit = (Total qualifying spend + excess schemes credit) – (Taxable Income x 7,5%) (R 25 000 + R 4 224) - (R 360 000 x 7,5%) = …

SARS Codes : SimplePay

https://www.simplepay.co.za/help/filing-and-processes/sars-codes

4116: Medical aid tax credits. Pension Fund: 4001: Employee contribution. 4472: Employer contribution. ... Deduction: SARS Code: Donations: 4030: Repayment of Advance: No …

Medical Credits | South African Revenue Service

https://www.sars.gov.za/types-of-tax/personal-income-tax/medical-credits/

A Medical Scheme Fees Tax Credit (also known as an “MTC”) is a rebate which, in itself, is non-refundable, but which is used to reduce the normal tax a person …

Medical aid codes | TaxTim SA

https://www.taxtim.com/za/answers/medical-aid-codes

In my IRP5, under deductions/contributions, the following appears: code 4005: R18 324. code 4474: R11 927. But after using the SARS calculator, under amounts …

What Medical Expenses Can You Claim Back from Tax

https://www.taxtim.com/za/blog/what-medical-expenses-can-you-claim-back-from-tax

John's tax liability is therefore decreased by R1,283 (2019 & 2020: R1,247) per month. Note that this is a flat rate per month and doesn’t take your taxable income …

Medical Deductions - Source Codes 4040 and 4020 | TaxTim SA

https://www.taxtim.com/za/answers/medical-deductions-source-codes-4040-and-4020

Medical Deductions - Source Codes 4040 and 4020. ... Let Tim submit your tax return direct to SARS in just a few clicks! Get started. Blog Categories. Salary / IRP5 …

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