Corporate tax entities with an aggregated turnover of less than $5 billion can carry back a tax loss for the 2019–20, 2020–21 and 2021–22 income years and apply it against tax paid in a previous income year as far back as the 2018–19 income year.
The loss carry back tax offset is claimable only in the 2020–21 and 2021–22 income tax returns.
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