10. General Deduction

No deduction shall be made in calculating a person’s income from employment.

The following deductions shall not be made in calculating a person’s income:-

domestic expenses incurred by the person (section 197);

tax payable under this Act;

interest, penalties and fines payable to a government or a political subdivision of a government of any country for breach of any written law;

expenditure to the extent incurred by a person in deriving exempt amounts or final withholding payments;

retirement contributions, unless they are included in calculating the income of an employee or consist of a contribution by an employer to a pension, provident or savings fund or a savings society, which is approved by the Commissioner-General subject to any specified conditions;

dividends of a company;

outlays or expenses for entertainment;

an amount that a person has transferred, in his financial accounts, to a reserve or provision for expenditures or losses not yet incurred but expected to be incurred in a future year of assessment;

amounts incurred on lotteries, betting or gambling, other than amounts incurred from conducting a business of lotteries, betting or gambling; or

taxes or other levies specified by the Commissioner-General.