Section 176B Value of non-marketable transferable tax credits: originatorF1

The covered tax balance of a member of a multinational group that holds a non-marketable transferable tax credit as originator is to be adjusted to secure that the value of the credit is reflected as follows.

The value of the tax credit is to be reflected as it is used.

If the credit is transferred (after the end of the period of 15 months after the F2end of the accounting period in which the credit is granted), the consideration for the transfer is to be reflected as a credit in the accounting period in which the transfer occurred.