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What code to use when the Employer pays 100% of the Medical Aid contribution?
Posted 9 April 2013
I have an employee where the company pays 100% of their medical aid contribution. when submitting the ITA3/IRP5 form to sars how is this captured? I cannot use the code 4474 without a corresponding amount in code 3810?
TaxTimsays: 9 April 2013 at 15:54
The code 3810 is the corresponding code used for the employer's portion of the medical aid contribution which you would use and complete with the 100%. The employee is taxed on this a fringe benefit.