Draft legislation has been submitted in the Dutch parliament for the introduction of the new loss offset restriction rules announced as part of the Tax Plan for 2021. The new rules provide that the offset of carried forward losses will be limited to EUR 1 million plus 50% of taxable profits for the year, after the profits have been reduced by EUR 1 million. Further, the current 6-year carry forward limit will be removed. As provided in the draft legislation, the new loss offset restriction rules would apply to all deductible losses that arise from 1 January 2022, as well...