Tax Lawyers / Fiscalisten

Wednesday, 15 July 2020

Tax Loss Carryback - Global Insights

Tax Loss Carryback - Global Insights

The COVID-19 pandemic has created significant uncertainty for
businesses worldwide and the real impact on companies is still
emerging. Many companies are facing the spectre of losses and
are looking for enhanced liquidity, including through existing tax
programs and the trillions of dollars being made available globally
through new legislation and relief programs.

The availability of existing and pandemic-related systems and the
rules underpinning them are, however, far from universal. CFOs
and corporate tax directors with global and regional responsibilities
require an overview of their options and requirements to
assist in decision-making. In this brief report, WTS Global provides
a summary of the existence of Tax Loss Carryback (TLCB) options in
100 jurisdictions on all continents.

This report maps the countries that have introduced tax loss
carryback systems and summarises how businesses can make
use of them. The information is up to date as of June 17, 2020
and further news from some governments can be expected.

The full report can be read here



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