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France to Provide Enhanced Loss Carryback Relief

|Proposed Changes|France
France

The French government is finalizing an amending finance bill for 2021 that provides an additional EUR 15 billion in tax relief to help companies impacted by the COVID-19 pandemic. One of the key measures will be enhanced loss carryback relief for impacted companies based on recent recommendations from the European Commission. Under current rules, France generally allows losses of up to EUR 1 mi…

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