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NOLCO Rules and Ownership Changes by Randy Bello is a document available to read on EtoBox.

What is NOLCO Rules and Ownership Changes about?

The document discusses rules for net operating loss carryover (NOLCO) in various situations under Philippine tax regulations: 1) NOLCO is retained by the original taxpayer that incurred the loss, even if there is a change in ownership. 2) If the original taxpayer merges with another company and remains the surviving entity, it retains the NOLCO. 3) If the original taxpayer transfers to another via merger without substantial change in ownership (75% rule), the transferee can deduct the NOLCO. 4) If there

Author

Randy Bello

Language

EN