South Africa Tax Agency Updates Guide on Medical Tax Credits

The South African Revenue Service June 27 updated a guide on the medical regime fees tax credit (MTC), and additional medical expenses tax credit (AMTC), for individual income purposes. Updates are made for assessment year 2023, beginning on or after March 1, 2022, regarding the amount of MTC to be deducted from tax due. Topics covered include: 1) qualifying individuals whose contributions can be claimed under the MTC; 2) qualifying contributions for the MTC; 3) qualifying medical expenses for the AMTC; 4) procedures for claiming the credits; and 5) procedures for raising objections. The guide clarifies that AMTC rebate amounts ...