SBLAW would like to provide some legal regulation about tax Losses in Vietnam as follows:
Taxpayers may carry forward tax losses fully and consecutively for a maximum of five years.
Losses of non-incentivised activities can be offset against profits from incentivised activities, and vice versa.
However, losses/gains from the transfer of real estate, projects or mineral rights are not allowed to be offset against other business activities
Carry-back of losses is not permitted.
There is no provision for any form of consolidated filing or group loss relief.
