Credit transfer: concessions and advantages for businesses

What are the concessions regarding the assignment of credit provided for by the Decree-Law: the latest updates and advantages for businesses.

Very often, companies have to face the age-old problem of non-collection of trade receivables due to customers who have defaulted. In these cases, if there are loans for which a default exceeds 90 days from the date from which they are due, we can speak of impaired loans . Under certain conditions these credits can also be considered bad debts , as there is a high probability that they can no longer be collected in any way Guaranteed loans for bad credit online.

In order to try to minimize the negative impact on the balance sheet, more and more companies are choosing to take advantage of the facilities introduced by the measures to support liquidity that use the instrument for the sale of non-performing loans .

The assignment of the credit takes the form of an agreement by which the creditor holder ( assignor ) transfers his credit to a third party ( assignee ) who buys it at a certain price.

Thanks to this regulatory provision, it is possible for companies to alter into a tax value a percentage of submitted tax assets (DTA) deriving from tax penalties and ACE surpluses, for an amount to be calculated in proportion to the value of impaired loans . By deducting the incidence of a tax from the amount of the prescribed or irrecoverable credit, it is possible to reduce the tax burden .

The tax credits deriving from the conversion of the DTA can be used in compensation and without limits on the amount for the payment of taxes, social security contributions and withholdings, or transferred to third parties or companies of the same group or requested for reimbursement.

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