2011

2012

GI
275000
700000
Deductions
450000
600000
NI/L
-175000
100000
MCIT
14000
NCIT
30000
Taxable Income
100000
NOL to be applied
100000
Final Taxable Income
0
Balance of NOL
175000
75000
*Apply NOL only during NCIT years
BASTA BAWAL SIMULTANEOUS. EITHER MCIT/NOLCO LANG PERO DI MAIINTERRUPT

2013

2014

650000
620000
30000
13000
9000
30000
(MCIT year so no NOL)
30000
75000

2015
820000
780000
40000
16400
12000
40000

915000
810000
105000
18300
31500
105000
(3-year period has lapsed so no NOL)
40000
105000
75000
lapsed

T/NOLCO LANG PERO DI MAIINTERRUPT YUNG 3-YEAR PERIOD NOLCO NG MCIT

as lapsed so no NOL)

2011
GI
Deductions
NI/L
NOLCO
Exemption
Taxable Income
Balance of NOL

2012
275000
450000
-175000

700000
600000
100000
100000
0
75000

2013

2014 (OSD)
650000
820000
620000
328000
30000
492000
30000 (OSD yr so no NOLCO)
50000
0
442000
45000
45000

2015
915000
810000
105000
(NOLCO has lapsed)
50000
55000
lapsed