Overview on Tax Loss Carryback Systems  in 100
jurisdictions on all continents

The COVID-19 pandemic has created significant uncertainty for businesses worldwide and the real impact on companies is still emerging. Many companies are facing the spectre of losses and are looking for enhanced liquidity, including through existing tax programs and the trillions of dollars being made available globally through new legislation and relief programs.

The availability of existing and pandemic-related systems and the rules underpinning them are, however, far from universal. CFOs and corporate tax directors with global and regional responsibilities require an overview of their options and requirements to assist in decision-making.

Our WTS Global experts are pleased to provide a summary of the existence of Tax Loss Carryback (TLCB) options in 100 jurisdictions on all continents.

Mapped are the countries that have introduced tax loss carryback systems and the summary shed light on how businesses can make use of them. The information is up to date as of June 17, 2020 and further news from some governments can be expected.

Please contact us if you need advice on how to navigate cross-border tax matters and to discuss the unique requirements of your company.
 

Click here to download the brochure

Click here for the WTS Global newsfeed: Managing the impacts of COVID-19 - Global updates for +50 countries

• Please click on the interactive map to see country-related Tax Loss Carryback (TLCB) measures. First select your continent, then click on the red pin in the country of interest.