Deferred tax carryforward deduction system
From the fiscal year beginning on or after April 1, 2012, the carry-over period of blue color loss and disaster loss will be extended from 7 years to 9 years.
Along with this, the period limitation and billing period of the revision related to the amount of corporate tax loss has been extended to 9 years.
Restriction on carryforward deduction for losses
80% of the amount of pre-deductible income in the business year in which the carry-forward deduction is made with respect to the deductible limit in the carry-over deduction system of losses and disas- ters for disasters during the fiscal year in which a blue declaration office of a corporation other than small and medium corporations was submitted And it was.
Provided, however, that for each business year from the first business year that the corporation in which the facts (a) to (c) below occurred since the same day to the business year to which the day listed in (a) to (c) 100% of the income before deduction is set as the deductible limit only when there is attachment of a document certifying that the fact occurred on April 1, 2012 in the declaration form or revision bill
(A) The decision to commence the revision proceeding has been made. The date on which seven years have elapsed from the date of the decision on the reorganization plan approval pertaining to the decision to commence the revision proceeding.
(B) There was a decision to commence the rehabilitation proceedings. Date on which seven years have elapsed from the day of the decision on the rehabilitation plan approval pertaining to the decision on the commencement of rehabilitation proceedings.
(C) Certain facts in accordance with (a) or (b). Date on which seven years have elapsed since the occurrence of such fact