Federal Law Nu. 389-FZ1 from July 31, 2023, amended paragraph 2.1 of Article 283 of the Russian Tax Code governing the recognition of a tax loss.
In the periods 2017-2024 there is a limitation on the amount of recognition of tax losses received in previous years. Thus, the tax base in the periods 2017-2024 may be reduced by no more than 50% by the amount of losses recognized in previous tax periods.
Federal Law Nu. 389-FZ extended this restrictive rule until December 31, 2026.
[1] Federal Law on Amendments to Parts One and Two of the Tax Code of the Russian Federation, Certain Legislative Acts of the Russian Federation and on the Suspension of the Effect of the second paragraph of Article 78 of Part One of the Tax Code of the Russian Federation.
In the periods 2017-2024 there is a limitation on the amount of recognition of tax losses received in previous years. Thus, the tax base in the periods 2017-2024 may be reduced by no more than 50% by the amount of losses recognized in previous tax periods.
Federal Law Nu. 389-FZ extended this restrictive rule until December 31, 2026.
[1] Federal Law on Amendments to Parts One and Two of the Tax Code of the Russian Federation, Certain Legislative Acts of the Russian Federation and on the Suspension of the Effect of the second paragraph of Article 78 of Part One of the Tax Code of the Russian Federation.