The member companies of the AFI are highly qualified consulting professionals that strive to help investors and businesses impacted by the COVID-19 situation in many different ways. Here, our members have prepared views and informed opinions on various aspects of the crisis. The article below has been prepared by the global leader in assurance, tax, transaction and advisory services - EY.
The Chamber of Deputies has approved yesterday (the second time around) the “anti-crisis tax package”. According to the Ministry of Finance, the purposes of the introduced tax changes is to help entrepreneurs and companies overcome the adverse economic effects of the coronavirus pandemic. The amendment shall enter into general force on the day following the date of publication.
The main element of the package is the long-discussed introduction of the concept of tax loss carryback (LCB); we discussed the parameters of this concept HERE.
Other selected changes:
If you have any questions, please do not hesitate to contact the authors of the article or your regular EY team.
The article may be found HERE.