Annex A. Country rules in relation to taxation of bank losses

This section of the report summarises the main features of the relevant rules in the countries which contributed to the drafting of the report. It is not intended to be exhaustive but simply to give an overview of relevant rules in relation to the tax treatment of losses for the purpose of assessing where tax risks may arise both for business and for revenue bodies. The relevant rules can be categorised as, first, those relating to the recognition, for tax purposes, of losses on loans or securities and, second, those relating to the relief of overall losses incurred in a taxable period.