Can companies offset losses against profits?

Companies can reduce up to 75 percent of taxable income by losses from previous periods. If at least 50 percent of the share capital is owned by the same shareholders, the losses can be carried forward indefinitely. If the owners are new, only 50 percent of such losses can be carried forward, provided that the nature of the activity has not changed or has changed to a similar one.

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Expert

Emirabiz Business Consultant

Grace O.

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