ugrarapu mani’s Post

UAE Corporate Tax Knowledge Capsule 2: **Fines and Penalties**: Any fines or penalties your business incurs due to non-compliance with laws or regulations are not deductible as business expenses. These are considered disallowed expenses. **Compensation**: Compensation paid for damages or losses incurred during the ordinary course of business is generally considered an allowable expense. For instance, payments made for a breach of contract would typically be deductible. #UAE#CT#

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