Operating losses can be carried-forward for 3-years following the year in which the loss was incurred. However, a company loses its ability to carry forward its losses in case there is a change of more than 50% in the direct or indirect ownership (represented through share capital or voting rights) of the company during the tax year. Capital losses are deductible for tax purposes.
Effective from 1 January 2020, companies investing in business projects with a value exceeding ALL 1 billion can carry-forward their operating losses for a period of 5 years.
No carry back of loss is allowed.