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A South African resident working overseas is contributing to a foreign medical fund. Foreign income exceeding R1 250 000 will be taxable in SA. How does the taxpayer determine if the foreign medical fund is registered under similar provisions as those of medical schemes in SA, in order to claim medical tax credits?
The person also contributes to a pension fund. It doesn't seem like those contributions will be taken into account when determining the person's tax payable on the foreign income exceeding R1.25m.
Any advice?
The person also contributes to a pension fund. It doesn't seem like those contributions will be taken into account when determining the person's tax payable on the foreign income exceeding R1.25m.
Any advice?