Unabsorbed Losses extended to a Maximum Period of 10 consecutive Years of Assessment

Budget 2022 Highlights – Review of Tax Treatment on Unabsorbed Losses – PDF 1. The Budget 2022 was tabled in Parliament on 29 October 2021, It is proposed that: 👉 the current unabsorbed business losses that can be carried forward from the year of assessment 2019 onwards be extended from a maximum period of 7 […]