LIST OF NON ALLOWABLE EXPENSES

 Amortisation
 Bad debts (non-trade debtors)
 Certificate of entitlement (COE) for motor vehicles (If the vehicle qualifies for capital allowance
(goods / commercial vehicle), the cost of COE can be included as part of the cost of vehicle and
you can claim capital allowance for it.)
 CPF Voluntary contributions to CPF exceeding the statutory rate
 Depreciation (In place, you may claim capital allowances)
 Donations (you can claim for deduction on donations made to an approved Institution of a
Public Character (IPC) or the Singapore Government which benefit the local community.)
 Entrance fee for country club or other clubs
 Exchange loss arising from transactions that are non-trade or capital in nature
 Expenses incurred prior to commencement of business (However, revenue expenses incurred 1
year before the accounting year in which the company earns its first dollar of business receipt
are tax deductible from YA2012 onwards)
 Fixed assets written off
 Fixed assets acquisition cost (you may claim capital allowances)
 Fines
 Goodwill payment
 Impairment loss on non-trade debts
 Singapore income tax and any tax on income in country outside Singapore
 Installation of fixed assets
 Interest expenses relating to non-income producing assets
 Legal and professional fees incurred relating to non-trade or capital transactions
 Medical expenses (amount exceeding 1% of total remuneration)
 Motor vehicle expenses (“S” plate private passenger cars)
 Penalties
 Prepaid expenses which are not relating to the relevant basis period
 Private and domestic expenses (expenses not incurred for business purpose)
 Private hire car
 Provision for bad and doubtful debts (general)
 Provision for obsolete stocks (general)
 Renovation or refurbishment works (you may claim Section 14Q deduction for qualifying
expenditure incurred)
 Retrenchment payments – Ex-gratia retrenchment payments and outplacement support costs,
where there is a complete cessation of business.
 Transport (“S” plate private passenger cars)