The Tax Burden Redistribution and Adjustment Act (Ley de redistribución y ajuste de la carga contributiva) amended section 1033.14 of the Tax Code 2011 by extending the carry-forward period of net operating losses (NOL) as follows:
| - | NOL generated during taxable years that commenced after 31 December 2004 and before 1 January 2013: the carry-forward period is extended to 12 years; and | |
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