Explore the Category
According to the Association of Certified Fraud Examiners (ACFE) SA, healthcare fraud, waste and abuse syphon huge amounts of money from the South African economy each year. One expert puts the figure at R930 million per annum.
Every day there are hearings around corruption, racketeering and money laundering which again highlighting the culture of fraud, waste and abuse in South Africa.
In 2012, SARS began making adjustments to the way medical expenses were factored for tax purposes. The system at that time allowed for higher refunds for deducted medical expenses if you earned a higher income. Since then, the changes have sought to make deductible medical expenses more equal across all income levels.
The strongest deterrent against FSP compliance missteps is or should be: