DSTV Subs- can one deduct for tax?
By Marc Sevitz · Updated
Can one deduct your DSTV Subscriptions and to what extent if one if an Investment Adviser?- Channels that I must have is Bloomberg, Business Day TV, CNBC Africa
Are you a salaried employee or self-employed ?
Self-employed
Yes, you should be able to deduct this expense if you can justify that it is incurred in production of your income.
You would need to pro-rata the bill though based on personal versus business usage (i.e you will need to estimate the % of time spent viewing these channels for business versus % of personal viewing time and then pro-rata the bill accordingly).
You would need to pro-rata the bill though based on personal versus business usage (i.e you will need to estimate the % of time spent viewing these channels for business versus % of personal viewing time and then pro-rata the bill accordingly).