31 March – DEADLINE FOR SUBMISSION OF THE REQUEST FOR TRANSFER OF TAX RECORDED LOSS IN THE TAX BALANCE

The "Law on Profit Tax" in Article 19 prescribes the right to use the incurred loss recorded in the income statement decreased for the unrecognized expenses from the profit of the future accounting periods, up to three years from the date of the year in which the loss was expressed.

With these provisions the Legislator gives right this loss to be used so that the tax base of the profit tax can be reduced in the future periods.

The reduction in the tax balance shall be performed consecutively starting from the earliest recorded tax amount, but only if these losses are previously covered in accordance with the Law on Trade Companies.

The request “DD-01” is submitted by the taxpayer to the tax department of the PRO or electronically via http://etax.ujp.gov.mk, not later than 31 March in the following year, after the year in which the loss was recorded.

Request for submission of recorded loss DD- 01(download)