| Author (Corporate) | European Commission: DG Taxation and Customs Union |
|---|---|
| Series Title | Official Journal of the European Union |
| Series Details | L 179, Pages 10-12 |
| Publication Date | 18/05/2021 |
| Content Type | Policy-making |
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Summary: Recommendation (EU) 2021/801 - adopted by the European Commission on 18 May 2021 - setting out a coordinated approach towards the treatment of losses for businesses incurred in fiscal years 2020-2021. Further information: This Recommendation prompts Member States of the European Union (EU) to allow loss carry-back for businesses to at least the previous fiscal year. It aims to benefit businesses that were profitable in the years before the COVID-19 (coronavirus) pandemic, allowing them to offset their 2020 and 2021 losses against the taxes paid before 2020. The document was adopted by the Commission on 18 May 2021 alongside the Communication on Business Taxation 21. |
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| Source Link | Link to Main Source https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=uriserv:OJ.L_.2021.179.01.0010.01.ENG |
| Subject Categories | Business and Industry, Taxation |
| Subject Tags | Tax Systems |
| Keywords | COVID-19 (Coronavirus) |
| International Organisations | European Union [EU] |
