How registering with MMTV will affect your tax

If you are
• a self employed medical practitioner
• not a full time salaried employee and
• earn more than 50% of your annual income from such self employment

Then section 23 (m) of the Income Tax Act, which disallows deductions to salaried employees, will not apply to you.

If you qualify to claim a tax deduction relating to your DStv subscription, decoder purchase (if applicable) and your TV licence you will need to prove to the Receiver of Revenue that the costs were incurred in the production of income in the same way as costs of attending medical seminars and congresses are claimed.

Though the Receiver of Revenue has indicated that a claim of 50% of your DStv and related costs would not be regarded as excessive, we recommend that you consult your tax adviser

MMTV will provide you with a participation certificate which will record your date of registration and the fact that you are a registered viewer. It is up to you to declare the expenditure incurred by you in the production of income.

There is a nominal charge of R171.00 (inclusive of VAT) for this service payable at the end of the tax year by way of bank debit order or by cheque if preferred. The provision of the certificate is optional and is not obligatory. However, if 50% of your annual DStv subscription is allowed by the Receiver of Revenue as a deduction from income you may gain a cash saving of R984 if registered for a full year.

Our certificate - which will also be a tax invoice - combined with the number of points earned through us will help to substantiate your claim.

FOR TAX CERTIFICATION - R171.00 (Including VAT) PER YEAR
To see a detailed explanation ... Click Here