Deductible Expenses–(Article 28)
Interest Expenses
Entertainment Expenditure –(Article 32)
50% of entertainment expenses are deductible. Entertainment include the followings:
a) Meals.
b) Accommodation.
c) Transportation.
d) Admission fees.
e) Facilities and equipment used in connection with such entertainment, amusement or recreation.
Non-Deductible Expenses–(Article 33)
- Donations, grants or gifts to a non-qualifying Public Benefit Entity.
- Fines and penalties
- Bribes or other illicit payments.
- Dividends, profit distributions to the owner of the Taxable Person.
- Amounts withdrawn by taxable natural person or partner in unincorporated partnership.
- Corporate Tax imposed
- Recoverable Input VAT.
- Tax on income imposed on the Taxable Person outside the Stat
Contact us at @ +971 45 570 204 / Email Us : support@kgrnaudit.com, and one of our Corporate tax consultant will provide you with necessary support and consultation.
FAQ
What expenses are deductible?
Contact us at @ +971 45 570 204 / Email Us : support@kgrnaudit.com, and one of our Corporate tax consultants will provide you with necessary support and consultation.
Related Topics
What is the taxable and exempt income for corporate?
Tax Base Analysis of Corporate Tax in UAE
Guide to Registration and Deregistration of Corporate Tax in UAE
Who is exempt from UAE corporate tax?
Taxable Person as per Corporate Tax Law in UAE
Significant CD, MD, and FTA Decisions related to Corporate Tax in UAE
