Tax on medical aid paid by the employer

By Nicci Courtney-Clarke · Updated

John

John said:
3 March 2016 at 9:30

If a company pays medical aid on behalf of an employee, what are the tax implications on both the employer and employee?
TaxTim Nicci

TaxTim Nicci said:
3 March 2016 at 9:41

The employer will have a tax deduction as normal payroll costs whilst the employee will be taxed on the portion that is provided to them. They will be allowed a tax credit subject to the Medical Tax Credits Calculator