Tax Implications for Medical Expenses 2020/2021 - Earn 1.5 CPD Hours

Tax Implications for Medical Expenses 2020/2021 - Earn 1.5 CPD Hours

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R 100.00
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R 100.00
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CONTENT: PDF

Prepared by The Institute of Health Risk Managers, an independent training provider specialising in the healthcare industry.

Course Description:

This programme will provide an understanding of the tax benefits with regards to medical expenses, as per the Income Tax Act. The lesson includes:

-  How to calculate to Medical Tax Fees Credit (MTC)

-  How to calculate the additional Medical Tax Credit (AMTC)

-  What is a disability and physical impairment expense?

Learning outcomes 

 • Who is a tax payer and what tax is payable?

 •Taxable income

 • Calculation of taxable income

 • Rationale for tax relief on medical expenses

 • Differences between a deduction and the rebate

 • Calculation of the medical tax credit

 • Calculation of the additional medical tax credit

 • Qualifying contributions

 • Qualifying medical expenses

• Tax implications for employers

 • Importance of tax compliance 

CPD Points

  • Total CPD points on successful completion:  1.5
  • 60% pass rate with 3 attempts 
  • Approval number: FPI20030046

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