A medical tax credit is available in respect of medical scheme contributions for taxpayers under the age of 65. This rebate replaced the deduction that was previously available. For the tax year commencing on 1 March 2019, the monthly rebates for medical scheme contributions are as follows:
The annual rebate applicable to excess medical scheme contributions and other medical expenses is calculated as follows:
A taxpayer is entitled to so-called tax rebates that are deducted from tax payable. The rebates have the effect of establishing tax thresholds below which no tax is payable.
For the 2020 tax year (i.e. the tax year commencing on 1 March 2019 and ending on 29 February 2020), the following rebates apply:
Last Reviewed - 20 March 2019