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Author Topic: [ok] Tax payment after losses  (Read 101 times)

Offline Kidder74

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[ok] Tax payment after losses
« on: January 21, 2016, 11:55:59 AM »
Hi,
i just encountered two years of overall losses, but managed the turnaround. BUT: Despite the two red years, i do have to pay income taxes now, the previous losses are not counted - was there a change in the rules?

regards,
Stephan
« Last Edit: January 21, 2016, 06:38:30 PM by sami »

Offline Sami

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Re: Tax payment after losses
« Reply #1 on: January 21, 2016, 12:08:43 PM »
You have not paid taxes in the last two years since you've made a loss and now in the current year there is only one 200k tax payment (probably due to the change of the year; normally the previous balance is always taken into account). It will be returned at the end of the year if the overall tax balance is still negative.

Offline Kidder74

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Re: Tax payment after losses
« Reply #2 on: January 21, 2016, 12:10:39 PM »
Ahh - perfect. Thanks

Offline Kidder74

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Re: Tax payment after losses
« Reply #3 on: January 21, 2016, 02:09:32 PM »
Hmmm-sorry, but  again there were taxes taken...

Offline Sami

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Re: Tax payment after losses
« Reply #4 on: January 21, 2016, 06:38:25 PM »
There was an actual issue, the system was confused about the earlier profits and their taxes and did not understand the losses generated ..

 

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