Net income for the 2015 periods include a USD4.1m tax benefit for a one-time discrete item related to a net operating loss carry forward
from a previous acquisition.
The report outlines governing bodies, governing laws, licenses, rights, obligations and key fiscal terms which includes upfront payments and taxes on subsurface usage, land tax, vehicle tax, deductions, depreciation, loss carry forward
, withholding taxes and value added tax (VAT)
The report outlines governing bodies, laws and key fiscal terms which includes royalty, corporate tax, capital gains tax, depreciation, loss carry forward
, tax on foreign companies, value added tax (VAT), tax exemption, transfer tax, withholding tax.
The current rules on tax loss carry forward
in Poland are quite restrictive.
The combined effect of these tax credits, the capital investment, exploration and loss carry forward
, can see as much as 50 and 60 percent of exploration costs--or more--paid for by the state.
The Commission, however, has to ensure that such rules on fiscal loss carry forward
do not unduly discriminate against other market players".
Features include remote loopback, link loss carry forward
, link loss return, far end fault, and auto-recovery, as well as automatic negotiation of full--and half-duplex modes, and automatic crossover.
Assuming this is the only operation of the lessor, the loss carry forward
will offset the income generated from year 8 to 15.
According to the company, as a result of this transaction, it expects to realize the tax value of the tax loss carry forward
in December 2017, which is currently estimated to be approximately NOK27m in cash.