Non Deductible Expenditures

Donation, grant, gifts to a non-Qualifying Public Benefit Entity
Drawings from Business by natural person or Partners
Dividends/Profit distributions or benefits paid to owners
Bribes or other illicit payments
Capital Nature Expenditures
Corporate Tax
Value Added Tax
Foreign Taxes paid
Fines/penalties, except compensation for damages or breach of contract.
Entertainment Expenditures but only up to 50%.
Expenditures in deriving Exempt Income
Losses not arising out of Taxable Persons business
No deduction for Interest expenditure on a loan from a Related Party in following cases:
A dividend or profit distribution to a Related Party.
A redemption, repurchase, reduction or return of share capital to a Related Party.
A capital contribution to a Related Party
Acquisition of an ownership interest in a Person who subsequently becomes Related Party.

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