TAX MATTERS: Interest on excessive debt capital…the Thin Capitalisation Rule

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https://fingaz.co.zw/wp-content/uploads/penci-text-to-speech/post-273749.mp3?cb=1732295261.mp3EXPENDITURE is deductible for income tax purposes when it is incurred for purposes of trade or in the production of taxpayer income exclusive of expenditure of a capital nature and prepaid expenses. With regard to the deductibility of borrowing costs, this is further guided by what the funds have been used for. Generally, borrowing costs…