Other opportunities
Download Print

Corporate tax treatment of inventory loss 2/21/22

A company that suffers inventory loss has to forecast a shrinkage rate for the financial year. This may have corporate income tax (CIT) implications. Since the company is allowed to adjust its CIT return for the last month of the financial year without incurring late fees before it files its annual accounts, this article explores the CIT treatment of inventory loss.

Share the article

If you have any comments on this article please email them to lv_mindlink@pwc.com

Ask question