SARS issued the Medical Scheme Fees Tax Credits specification that also provides for additional source codes that are required. To access the document, click here
Francois Mintoor Mr
says... Posted 23 November 2011
Interesting document. Based on my analysis whereby I see increases in taxes (rates) in order for SARS to get more to close the gap of the shortage, the medical tax credits seems to be part of this solution for SARS.
Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.
MINIMUM REQUIREMENTS TO REGISTER
The Act requires that a minimum academic and practical requirments be set to register with a controlling body. Click here for the minimum requirements of SAIT.