Problematic aspects of application of the excessive borrowing costs test in practice

Abstract

This year, majority of corporate income tax payers will deal with the calculation of tax non-deductible excessive borrowing expenses according to Sec. 23e of law no. 586/1992 Coll., Income taxes act, as amended. The aim of this article is to introduce the readers with the problematic aspects of the calculation and try to summarize the practical knowledge which might be benefitial for the readers.

Keywords

• ATAD
• excessive borrowing expenses
• EBITDA
• exchange differences