South Africa Tax Agency Updates Guide on Medical Tax Credits

The South African Revenue Service June 15 updated an individual income tax guide on the medical regime fees tax credit (MTC), and additional medical expenses tax credit (AMTC), with MTC amounts for year of assessment (YA) 2026 commencing on or after March 1, 2025. Updated topics covered include YA 2026 MTC amounts, for each month contributions are paid, of: 1) 364 South African rand (US$23) for the taxpayer, or for a member of a registered medical regime or the member’s dependent, if the taxpayer isn’t a member of a medical regime or fund; 2) 728 rand (US$45) for two dependents, ...