Treasury Laws Amendment (A Tax Plan for the COVID-19 Economic Recovery) Act 2020 (92 of 2020)
Schedule 2 Temporary loss carry back
Part 3 Consequential amendments
Income Tax Assessment Act 1997
18 At the end of subsection 36-17(1)
Add:
Note 2: A corporate tax entity may also, in the 2020-21 or 2021-22 income year, be able to carry a loss back to the 2018-19, 2019-20 or 2020-21 income year: see Division 160.
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