Published by Admin at January 14, 2014 As from the 2013 tax year contributions to medical aid schemes are no longer allowed as a deduction. This provision was replaced by the section 6A Medical scheme fees tax credit. Instead of allowing contributions as a deduction from taxable income, the credit is deducted from taxpayer’s liability for normal tax. The credit is in the nature of a rebate, rather than a deduction. For the year of assessment ending 28 February 2014 the amount of the credit is equal to: R242 per month in respect of benefits to the taxpayer R242 per month in respect of benefits to the […]