6.8 Income tax
Recognised in profit or loss:
x € 1,000
|
2022 |
2021 |
|||
|
Current tax charges or credits |
||||
|
Current financial year |
-9,032 |
-27 |
||
|
Prior financial years |
0 |
-166 |
||
|
-9,032 |
-193 |
|||
|
Deferred tax charges or credits |
||||
|
Relating to temporary differences |
290 |
-326 |
||
|
Prior financial years |
0 |
4,306 |
||
|
Relating to tax loss carryforwards |
-9,341 |
-13,034 |
||
|
Relating to the write-off of a deferred tax asset (charge) or to the reversal of a write-off (credit) |
4,582 |
4,580 |
||
|
-4,469 |
-4,474 |
|||
|
Total tax charge in the statement of profit or loss |
-13,501 |
-4,667 |
||
The tax charges by country are as follows:
x € 1,000
|
2022 |
2021 |
|
|
Netherlands |
-13,501 |
-4,667 |
|
-13,501 |
-4,667 |
Analysis of the effective tax rate:
x € 1,000
|
2022 |
2021 |
|||
|
% |
in € |
% |
in € |
|
|
Result before tax |
73,081 |
54,966 |
||
|
Based on local tax rate |
25.8% |
-18,855 |
25.0% |
-13,742 |
|
Non-deductible interest |
0.2% |
-174 |
1.1% |
-616 |
|
Non-deductible expenses, other |
0.8% |
-565 |
0.7% |
-363 |
|
Non-taxable revenue in results of investees |
-1.5% |
1,106 |
-2.3% |
1,249 |
|
Losses not recognised in current financial year and other deferred tax assets and the reversals thereof |
0.1% |
-86 |
0.2% |
-95 |
|
Effect of changes in the tax rate |
0.0% |
0 |
0.0% |
3 |
|
Effect of changes to loss relief rules |
0.0% |
0 |
12.4% |
-6,843 |
|
Prior-year adjustment |
0.0% |
0 |
-7.6% |
4,163 |
|
Effect of recognising previously unrecognised losses |
-6.3% |
4,582 |
-20.8% |
11,421 |
|
Effect of miscellaneous/foreign tax rates |
-0.7% |
491 |
-0.3% |
156 |
|
Overall tax burden |
18.5% |
-13,501 |
8.5% |
-4,667 |
The effective tax rate for 2022 is 18.5% (2021: 8.5%).
The main differences between the effective tax rate and the local tax rate in the Netherlands concern the effect of the recognition of previously unrecognised losses. The other differences concern non-deductible interest expenses relating to the cumulative preference financing shares B, the general restrictions on the deductibility of expenses and the tax exempt results from investees.