The taxable income will be determined after deducting all expenses and costs already spent to realize this income, particularly:

1. Salaries, wages, end-of-service indemnity and similar allowances.

2. Taxes and fees other than income tax payable in accordance with this law.

3. Asset depreciation in accordance with percentages already fixed under the Executive Regulations.

4. Donations, gifts and grants payable to public or private licensed Kuwaiti authorities within the limits already fixed under the Executive Regulations.

5. Head office overhead in accordance with the percentages already fixed under the Executive Regulations.