{"id":4264,"date":"2020-04-27T12:04:48","date_gmt":"2020-04-27T10:04:48","guid":{"rendered":"https:\/\/www.dreport.cz\/en\/?p=4264"},"modified":"2020-04-28T17:23:37","modified_gmt":"2020-04-28T15:23:37","slug":"retrospective-application-of-a-tax-loss","status":"publish","type":"post","link":"https:\/\/www.dreport.cz\/en\/blog\/retrospective-application-of-a-tax-loss\/","title":{"rendered":"Retrospective application of a tax loss"},"content":{"rendered":"","protected":false},"excerpt":{"rendered":"<p>The Ministry of Finance of the Czech Republic prepared another government measure to mitigate the impacts of the crisis caused by the COVID-19 outbreak. The change concerns Act No. 586\/1992 Coll., on Income Taxes, as amended (\u201cIncome Taxes Act\u201d), specifically the introduction of the \u201cretrospective utilisation of a tax loss\u201d concept. The new proposal suggests that the possibility to utilise a tax loss as an item deductible from the tax base should be extended in the Income Taxes Act. A tax loss should be utilised not only for the periods immediately following the origination of the tax loss, as it has been until now, but also for the periods preceding the tax loss. The proposal has already passed the external comment procedure, but according to the latest information, it will not be discussed in the state of legislative emergency like other measures to mitigate the impacts of the pandemic; instead, it will undergo a standard legislative process.<\/p>\n","protected":false},"author":4,"featured_media":2953,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[3],"tags":[614,385,30,8],"class_list":["post-4264","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax","tag-covid-19","tag-income-tax","tag-direct-taxes","tag-dreport-newsletter"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.dreport.cz\/en\/wp-json\/wp\/v2\/posts\/4264","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dreport.cz\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dreport.cz\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dreport.cz\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dreport.cz\/en\/wp-json\/wp\/v2\/comments?post=4264"}],"version-history":[{"count":3,"href":"https:\/\/www.dreport.cz\/en\/wp-json\/wp\/v2\/posts\/4264\/revisions"}],"predecessor-version":[{"id":4314,"href":"https:\/\/www.dreport.cz\/en\/wp-json\/wp\/v2\/posts\/4264\/revisions\/4314"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.dreport.cz\/en\/wp-json\/wp\/v2\/media\/2953"}],"wp:attachment":[{"href":"https:\/\/www.dreport.cz\/en\/wp-json\/wp\/v2\/media?parent=4264"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dreport.cz\/en\/wp-json\/wp\/v2\/categories?post=4264"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dreport.cz\/en\/wp-json\/wp\/v2\/tags?post=4264"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}