§ 80 Tax Act (StG) - Losses

1. Losses from the seven business years preceding the tax period may be deducted from the net profit of the tax period, provided they could not be taken into account when calculating the taxable net profit of those years.

2. In the context of financial restructuring, losses that occurred in previous business years and have not yet been offset against profits may also be offset by contributions to balance an undercapitalization, which are not capital contributions under § 74 subparagraph a.