Profits to affiliates are taxed in year of sale resulting in tax prepayment. France Taxable income is essentially the same as net income. Revaluation of assets because of inflation optional, but taxes paid if assets are revalued. Operating losses can be carried back 3 years and forward 5 years. Germany Taxable income is essentially the same as net income.
Capital gains are a part of taxable income.
Operating losses can be carried back 2 years and forward any number of years. Hong Kong Profit Tax Individual tax rates are different from corporation and non-corporation s tax rates. Certain deductions as repairs and maintenance allowed. Ireland Corporations pay tax on income from year-end financial statements. Plant and equipment expense fully deductible.