Section 83A Expenditure involving crime

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Amendments

Section 83A inserted by Finance Act 2008 section 41 as respects any chargeable period (within the meaning of section 321(2)) ending on or after 31 January 2008.

(1) In computing any income chargeable to tax under Schedule D, no deduction shall be made for any expenditure incurred—

(a) in making a payment the making of which constitutes the commission of a criminal offence, or

(b) in making a payment outside of the State where the making of a corresponding payment in the State would constitute a criminal offence.

Can I claim a tax deduction for bribes?

(1) No. Since 1 January 2008, you are not entitled to deduct criminal payments (bribes) for tax purposes.

(2) Any expenditure specified in subsection (1) shall not be included in computing any expenses of management in respect of which relief may be given under the Tax Acts.

Can I claim bribes as a management expense of an investment company?

(2) No. You are not entitled to deduct criminal payments as management expenses.