OrbitaxCarry-forward period for net operating losses – extended
|Approved Changes|Puerto Rico
The Tax Burden Redistribution and Adjustment Act (Ley de redistribución y ajuste de la carga contributiva) amended section 1033.14 of the Tax Code 2011 by extending the carry-forward period of net operating losses (NOL) as follows:
| - | NOL generated during taxable years that commenced after 31 December 2004 and before … |
