Tax Losses Carryback (‘TLCB’) is a system that allows taxpayers to set-off losses of the current year against the profits of past years. Globally, at least 20 countries have some form of TLCB system in place (for example Canada, Singapore, UK), while many have introduced the same as a response to the pandemic (for example […]
from Taxscan | Simplifying Tax Laws https://ift.tt/30WyMzP
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