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What are the tax effects of the Medical Indemnity Subsidy Scheme?

indemnity medical Scheme subsidy tax
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What are the tax effects of the Medical Indemnity Subsidy Scheme?

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The medical indemnity premium is a tax deductible expense, the subsidy reduces this expense. If the subsidy is to be received in cash, it will form part of taxable income. There will be no GST component in the subsidy.

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