Sars Medical Tax Credits 2024 Income Limits

Sars Medical Tax Credits 2024 Income Limits. In south africa, individuals are required to assess their personal income tax obligations annually. Minister of finance, mr enoch godongwana, during his budget speech on 21 february 2024, confirmed that the medical scheme fees tax credit (mtc) will remain for this tax year.

The medical tax credit, brought in from the 2013 tax year provides for a monthly credit against your tax owing to sars. Systematic review of tax incentives and removal of ineffective incentives;