Читать книгу Ultimate guide on GCC Taxation - Павел Игоревич Герасимов - Страница 14

An interest deduction is limited to the lower of the loan charge incurred during the tax year, if related to income that is subject to tax, or the result of the following formula, whichever is less.

The taxpayer’s total income from loan charges, plus 50 % of (A minus B) as below:

A = income subject to tax other than income from loan charges.

B = expenses allowed under the law other than loan charge expenses.

Note that banks are not subject to this formula.