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FAQs - 2. Taxation-related matters

2-14) What is the carry forward of loss system?

When losses occur in a business year, this system enables those losses to be deducted, under certain specified conditions, from income generated in following business years.

Specified conditions
  1. A "blue tax declaration form" has been submitted.
  2. The eligible carry forward period is 9 years, starting from the next business year.
  3. Deduction of losses is to be performed in sequential order, starting from the most recent following business year.
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