026. Correction - Corporate Loss Utilisation

KPMG Germany Webpage
Click on the above link to visit the KPMG Germany webpage on the Mondaq website

In a previous version of the article entitled "German Corporate Taxation: An Overview for Foreign Investors" it was erroneously reported that losses could be carried back two years for purposes of the trade tax on earnings as well as the corporation tax. However, the loss carryback applies only to corporation tax.

The passage in question has been revised in the version of the article currently on line and now reads as follows:

"Losses can be carried forward indefinitely for both the trade tax on earnings and the corporation tax. Corporation tax losses only may also be carried back up to two years in an amount of up to DM 10 million."