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Do medical aid contributions attracts perk tax?
Posted 22 November 2013
My cost to company is R25 000 and deducted from this is my medical of 3000.00, which the company pays over on my behalf and company does not contribute towards it - is this 3000.00 taxed as a perk tax?
TaxTimsays: 22 November 2013 at 11:07
You will be taxed on the full R25 000, if the company does not contribute, but just sends it on your behalf then there is no fringe benefit.