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</html><thumbnail_url>https://bakertillysee.com/wp-content/uploads/2025/03/Tax-losses-carried-forward-ENG-1024x1024-1.png</thumbnail_url><thumbnail_width>1024</thumbnail_width><thumbnail_height>1024</thumbnail_height><description>[vc_row][vc_column][vc_column_text css=&#x201D;&#x201D;]Tax Regulations Recent amendments to the Romanian Fiscal Code, specifically to Article 31 regulating the tax losses are applicable starting with 2024 (or the modified fiscal year beginning in 2024, as applicable). Under these changes, annual tax losses as declared through the corporate income tax return can be offset against taxable profits earned in&hellip;</description></oembed>
