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Practical Income Manual 2021.

11. Other tax deductible expenses (except provisions)

Other expenses that, being tax deductible, are not expressly included in the previous headings may be included within this concept.

As long as there is an adequate correlation with the income of the activity, the following expenses, among others, can be cited as examples:

  • Acquisition of books, subscription to professional magazines and acquisition of non-amortizable instruments, as long as they are directly related to the activity.

  • Expenses for attending courses, conferences, congresses, etc., related to the activity.

  • Certain fees paid by the businessman or professional to legally constituted corporations, chambers and business associations.