Should the account of any year is concluded with loss; such loss will be deducted from the profits of the next year. Should the profit is not sufficed to provide for such loss in full; the balance will be carried forward to the next year. However should any loss remains after this year, it will be carried forward to the third year. Anyhow the remaining loss may not be carried forward after the third year. Further the loss may not be carried forward in case of suspending business represented by advising the ministry thereof by the incorporated entity or they submit tax returns void of any revenues resulting from the main business of the entity.

However, compulsory suspension periods from practicing business will not be calculated among the periods already provided for under the previous paragraph.