DELOITTE CONSULTANTA SRL

  |  11.04.2018

Deloitte Study: EU Member States' Tax Rules Applied to Losses Induced by Bad Credit Loans

Deloitte Romania, at the request of the Romanian Banking Association, conducted a study analyzing the fiscal treatment of the sale of receivables and the recovery of tax losses by credit institutions.

Regarding the tax regime of losses incurred as a result of selling non-performing loans, the main findings of the study for the other EU Member States are:

• 22 Member States grant deductibility drive in the calculation of the profit tax for the losses incurred by credit institutions as a result of the sale of the claims arising from non-performing credits
• Other 3 member states, namely the Czech Republic, Slovakia, Poland impose certain limitations, but also give the possibility full deduction under certain conditions
• Greece granted full deductibility, but later to the moment of the sale, and Lithuania on the basis of the anticipated tax solutions or opinions of the tax authorities

 

For more information, please see the Romanian version of the article, here.

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