# Deductions & Exemptions **URL:** https://uaectfaqs.com/c/deductions-exemptions/12.md?page=1 [Latest](https://uaectfaqs.com/latest.md) · [Categories](https://uaectfaqs.com/categories.md) · [Tags](https://uaectfaqs.com/tags.md) **Page:** 2 --- ## [Will interest expenditure be fully deductible?](https://uaectfaqs.com/t/will-interest-expenditure-be-fully-deductible/192)
**Author:** [@FAME](https://uaectfaqs.com/u/FAME)\ **Replies:** 0\ **Last updated:** [October 9, 2024, 5:04am UTC](https://uaectfaqs.com/t/will-interest-expenditure-be-fully-deductible/192 "2024-10-09T05:04:28Z")
The Corporate Tax Law provides for certain restrictions on the deductibility of interest expenditure to discourage excessive debt financing, and to ensure that debt financing used or arising as a result of certain specifi… --- ## [Which expense are not allowed as a deduction?](https://uaectfaqs.com/t/which-expense-are-not-allowed-as-a-deduction/191)
**Author:** [@FAME](https://uaectfaqs.com/u/FAME)\ **Replies:** 0\ **Last updated:** [October 9, 2024, 5:03am UTC](https://uaectfaqs.com/t/which-expense-are-not-allowed-as-a-deduction/191 "2024-10-09T05:03:23Z")
Following expenses are not allowed as a deduction while calculating taxable income: a) Expenses that are capital in nature are not deductible b) Any expenditure that is not directly related to business activities, such… --- ## [Which are the conditions to be satisfied for allowability of expenditure:](https://uaectfaqs.com/t/which-are-the-conditions-to-be-satisfied-for-allowability-of-expenditure/190)
**Author:** [@FAME](https://uaectfaqs.com/u/FAME)\ **Replies:** 0\ **Last updated:** [October 9, 2024, 5:02am UTC](https://uaectfaqs.com/t/which-are-the-conditions-to-be-satisfied-for-allowability-of-expenditure/190 "2024-10-09T05:02:51Z")
An expenditure shall be allowed in the computation of taxable income if the following conditions are satisfied: a) The taxable person has ‘incurred’ expenditure; b) Such expenditure should have been incurred wholly and… --- ## [What expenditure will be non-deductible for the purposes of calculating taxable income?](https://uaectfaqs.com/t/what-expenditure-will-be-non-deductible-for-the-purposes-of-calculating-taxable-income/189)
**Author:** [@FAME](https://uaectfaqs.com/u/FAME)\ **Replies:** 0\ **Last updated:** [October 9, 2024, 5:02am UTC](https://uaectfaqs.com/t/what-expenditure-will-be-non-deductible-for-the-purposes-of-calculating-taxable-income/189 "2024-10-09T05:02:19Z")
Article 33 of the UAE Corporate Tax Law lists certain specific expenses for which no deduction will be allowed, such as bribes, fines and penalties, and no deduction is available for expenditure incurred in deriving inco… --- ## [What expenditure will be deductible for the purposes of calculating taxable income?](https://uaectfaqs.com/t/what-expenditure-will-be-deductible-for-the-purposes-of-calculating-taxable-income/188)
**Author:** [@FAME](https://uaectfaqs.com/u/FAME)\ **Replies:** 0\ **Last updated:** [October 9, 2024, 5:01am UTC](https://uaectfaqs.com/t/what-expenditure-will-be-deductible-for-the-purposes-of-calculating-taxable-income/188 "2024-10-09T05:01:42Z")
In principle, all legitimate business expenses which are revenue in nature, incurred to derive taxable income will be deductible, although the timing of the deduction may vary for different types of expenses and the acco… [Previous page](https://uaectfaqs.com/c/deductions-exemptions/12.md)