This study examines firms’ voluntary disclosure of tax loss carryforward (TLCF) information. We measure the content and presentation of TLCF informat
Recognition of deferred tax assets after the initial accounting is complete 65 If the potential benefit of the acquiree's income tax loss carry-forwards or other deferred tax assets did not satisfy the criteria in paragraph 37 for separate recognition when a business combination is initially ...
According to IRS carryforward rules, companies experiencing a net operating loss in one year candeduct that loss from a future year’s profits. In fact, businesses can carry these losses forward indefinitely, so long as they don’t exceed 80 percent of taxable income. This is the fundamental ...
4. For that the Ld. CIT (A) erred in confirming the action of the A.O. for carry forward of the business loss of Rs.67,359/- instead of setting it off with the income of the appellant of the year under consideration. 5. For ...
Loss relief Carryforward Carryback Five Years No Double taxation relief Yes Tax consolidation No Transfer pricing rules Yes 10 Doing business in Indonesia Thin capitalization rules Yes Controlled foreign corporation rules Yes Tax year Calendar year or accounting/financial year Advance payment of tax Yes...
* Besides NOL carrybacks, a corporation that needs cash and has overpaid estimated taxes based on anticipated income or loss cart request a quick refund of the amount overpaid after the close of the tax year but before filing its tax return.Harrison...
In light of present level of revenue and for prudency reasons, we have decided not to include tax assets in the full year account but rather keep tax loss carry forwards off balance sheet to be used against future taxable income generated from future growth.” ...
Losses carry forward and back For Dutch corporate tax purposes, tax losses can be carried back to profits of the preceding year. Loss of up to EUR 1 million can be fully set off. The balance exceeding EUR 1 million can be set off up to 50% of the annual income. The remaining balance...
We include LAGLOSS to control for the existence of tax loss carry-forwards that may lower the ETR in the current period when offset against the current period’s tax base.20 INTANG is an indicator variable taking on the value of one if the respective firm operates in an intangible asset ...
(Billion Yen) FY 2009 (End of March 2010) FY 2008 (End of March 2009) Deferred tax assets: Accrued retirement benefits Tax loss carryforwards Excess of depreciation and amortization and impairment loss Accrued bonus Inventories Revaluation loss on investment securities Provision for loss on ...