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As of 1 March 2012 the medical scheme tax rebate system was converted into a credit system. This is according to the Taxation Law Amendment Bill, published on 25 October 2011 and promulgated on 10 January 2012. This is an effort to achieve greater equality in the treatment of medical expenses across income groups.
| Previous medical scheme rebate system | New tax credit system |
Taxpayers who made contributions to medical schemes recived
| Credits are effective as follows per month for
|
Members who earn less than R300 000 per annum are likely to enjoy a reduction in their tax payments.
The Scheme has also assessed the impact of the tax change in the various subsidies members enjoy and these have been
communicated to the employer.
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