Income Tax Act(cap 470)

1. Expenditure or loss not wholly and exclusively incurred for business (s.16(1)(a))
2. Depreciation (s.16 (1) (b))
3. Expenditure by a person in the maintenance of himself (s.16(2)(a))
4. Expenditure /loss recoverable under any insurance contract (s.16(2)(b))
5. Income tax or tax of a similar nature (s.16(2)(c)). However income tax suffered in another jusrisdiction allowable as an expense where no DTA applies.
6. Surplus sums contributed to a registered or unregistered pension, savings, or provident scheme or fund (s.16(2)(d))
7. Bad debts general provisions (s.15 (2))
8. Un-realised Forex losses (s.15(2)(p))
9. Expenditure payable on or after 18th June, 1976 under a contract of hiring of a road vehicle other than a commercial vehicle (s.16(1)(i))
10. Restriction of interest (Thin cap rules) (s.16 (2)(j))