Clifford Chance

Conversion of DTAs into tax credits through disposal of non-performing receivables - Q&A

14 October 2020

The newly introduced opportunity for companies to transfer non-performing receivables, thus obtaining the right to convert into tax credits deferred tax assets (DTAs) deriving from tax losses and excess notional interest deduction (NID) has been finessed by new legislation enacted on 13 October 2020. This is an update to our April 2020 Q&A on this subject.

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