Under the provisions of Article 7 of Circular No. 96, 2015 of the Ministry of Finance, the consolidated enterprises must make tax finalization with the tax agency up to the time of the merger decision of the competent agency.
Losses incurred before consolidation must be tracked in detail according to the year they arise and offset against the same year income of the enterprise after consolidation or continue to be transferred to the income of the following years. Enterprise after merging to ensure the principle of carrying forward losses is calculated continuously for no more than 5 years from the year following the year the loss arises.
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