SOURCE CODE DESCRIPTIONS IRP5 code 4487

Deduction codes

In the electronic file IRP5 code 4487 is used for: No value benefits in respect of medical services provided or incurred by the employer. This code is not applicable prior to 2007 and with effect from the 2010 years of assessment and must not be included in any other code. Not applicable from 2010.

The prescribed Length of IRP5 code 4487 in the electronic file is: N15

The abbreviations used within the description of the relevant codes mean:
• PAYE: Income is subject to the deduction of Employees’ Tax and will also be taxed when the income tax assessment for the employee is processed.
• IT: Income is not subject to the deduction of Employees’ Tax but will also be taxed when the income tax assessment for the employee is processed.
• Excl: Income is not subject to the deduction of Employees’ Tax and will also not be taxed when the Income Tax assessment for the employee is processed.
• Excl/PAYE: Depending on the circumstances described in the legislation, the income is either subject to both PAYE and Income Tax, or it is excluded from both PAYE and Income Tax