Losses when changing tax regimes
Not all losses from tax regime changes can be written off. When calculating the simplified tax system, they do not recognize losses acquired under other systems. And the losses of the simplified tax system are not taken into account if they crossed over to other modes. How losses are taken into account when changing tax regimes The losses incurred during the change of Tax Accountants Walsall regimes are accounted for as follows: a loss that was not taken into account when calculating income tax (was transferred to the future) before the transition to simplified taxation, the taxpayer will be able to take into account only after returning to the general taxation system; a loss that was not taken into account when calculating, as we used to say, one tax (was transferred to the future) before the transition to the general taxation system, the taxpayer will be able to take into account only after returning to the simplified tax system. This procedure is provided for in paragraph 8 of...