You are valuing a firm that has been losing money for the last couple of years. Net operating loss carried forward is ISK 1,200 million at the end of year 2022. It is expected to return a profit of ISK 600 million next year (2023) and ISK 700 million in the year after that (2024). The tax rate is 20%. 

How much will the company pay in taxes in 2024?

Answer rating: 100% (QA)

The net operating loss carried forward NOL can be used to offset taxable income in future ... View the full answer