Impact of VAT increase on Medical Schemes

The increase in the rate of Value Added Tax (from 14% – 15%) came into effect on
1 April 2018. Medical schemes are expected to absorb the increase on behalf of its members, but the 1 % increase has an impact on the costs of medical services and products payable by medical schemes to service providers who are registered as VAT vendors. Benefits to members remain unchanged. For more information contact Letsie de Beer  C +27 63 691 5168