The French parliament reportedly approved the Amending Finance Bill for 2021 on 12 July 2021. Following a constitutional review, the bill is expected to be published (enacted) in the coming days.
One of the key measures of the bill is enhanced loss carryback relief for companies impacted by COVID-19. The measure provides that losses recorded for tax years ending from 30 June 2020 to 30 June 2021 may be carried back up to three years instead of the standard one year. Further, the standard E…