Good evening everyone.
I do payroll for a few companies and one thing that keeps coming up is the Health Insurance benefit and deduction.
I have been deducting it as a sundry deduction but I am almost positive this must be incorrect.
Any advice?
Good evening everyone.
I do payroll for a few companies and one thing that keeps coming up is the Health Insurance benefit and deduction.
I have been deducting it as a sundry deduction but I am almost positive this must be incorrect.
Any advice?
Good morning Andrea Botha,
Thank you for your Sage City post.
Be advised to contact SARS or your tax practitioner to assist on how to load the health benefits insurance for the employees . However, take note of the below which is in accordance to the SARS Spec guide: employers are required to report the expense paid against the following IRP5 codes for medical services costs or insurance
Once you are sure of the IRP5 code, you will make use of the Global Pay slip definition template.
Regards,
Khanyisa
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