Russia Planning to Extend 50% Loss Offset Limit to 2024

The Russian government is consulting on a draft bill that, among various other measures, would extend the current limit on the offset of carried forward losses. From 1 January 2017 to 31 December 2021, the offset of carried forward losses is limited to 50% of taxable income per year. The draft bill would extend the limit to years ending 31 December 2024.