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

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.