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Russia to Extend Limit on Carried Forward Loss Offset

|Proposed Changes|Russia
Russia

The Russian government is considering a proposal to extend the current limit on the offset of carried forward losses. From 1 January 2017 to 31 December 2020, the offset of carried forward losses is limited to 50% of taxable income per year. The proposal would extend the limit to years ending 31 December 2024.

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