On 5 October 2020, the Dutch Government published further details on the legislative proposals that include a limitation on the annual utilization of tax loss carryforward for corporate income tax purposes and the extension of the carryforward term.
The proposed rules
The Dutch Government has proposed a limitation on the annual utilization of tax loss carryforwards to the first €1 million of taxable profit, plus 50% of the taxable profit exceeding €1 million. In addition, under the proposed rules,…