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CHANGES IN THE RULES FOR THE CARRY FORWARD OF NET OPERATING LOSSES (NOL’S)

A transitional regime was included in Law 1819 allowing the carry forward of NOL’s accrued before December 31st of 2016 without temporary or percentage limitations

 

A general limitation to carry forward NOL’s within the next twelve (12) taxable periods was established. However, the carry forward of NOL’s accrued before December 31st 2016 is allowed without any temporary or percentage limitations.

This regulation is established in Articles 8 and 290 of Law 1819 of 2016.