The tax deductable losses for a company in China can be carried forword to the succeeding years and offset by the taxable profit of the successding years, but please note that here carrying forward years can not exceeds the maximum period.
The maximum period now is 5 years for common enterprises, and 10 years for some special enterprises for example high-tech enterprises.
Please pay attention to the tax deductable losses when closing the company's accounting for 2024.
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