On 18 June 2010, the parliament adopted amendments to the Profits Tax Law. The amendments were published in the Official Gazette No. 80/10 on 28 June 2010. The amendments took effect on 1 July 2010. The main features of the amendments are summarized below.
Losses
In case of statutory changes, taxpayers may not deduct losses carried-forward from previous tax years if:
| - | the taxpayer did no… |