On 5 October 2020, the Dutch Government published further details on the legislative proposals that include a limitation on the annual utilization of tax loss carryforward for corporate income tax purposes and the extension of the carryforward term.The proposed rulesThe Dutch Government has proposed a limitation on the annual utilization of tax loss carryforwards to the first €1 million of taxable profit, plus 50% of the taxable profit exceeding €1 million. In addition, under the proposed rules, losses can be carried forward indefinitely.Background of proposalThe proposed changes target the situation where companies with profitable activities in the Netherlands may not...