IBERSOL | Integrated Management Report - 2024

INTEGRATED MANAGEMENT REPORT 2024 dec/24 dec/23 Portugal 2 802 721 3 509 896 Spain 161 640 38 416 Others 4 240 2 150 2 968 601 3 550 462 9.1.2.2. Income tax payable At 31 December 2024 and 2023, the amount of tax payable breaks down as follows: dec/24 dec/23 Angola 99 558 147 259 Others 11 435 9 261 110 993 156 520 9.2. Deferred taxes Accounting policies Initial recognition and measurement Deferred taxes are recognized as a whole using the liability method and calculated on temporary differences arising from the difference between the tax base of assets and liabilities and their amounts in the consolidated financial statements. However, if deferred tax arises from the initial recognition of an asset or liability in a transaction that is not a business combination or that, at the date of the transaction, does not affect either the accounting result or the tax result, this is not accounted for. Deferred taxes are determined by the tax (and legal) rates enacted or substantively enacted on the date of the consolidated statement of financial position and which are expected to be applicable in the period of realization of the deferred tax asset or settlement of the deferred tax liability. The nominal tax base rates of the jurisdictions in which the Group is present are: Portugal 20% Spain 25% Angola 25% The Group offsets deferred tax assets and deferred tax liabilities if, and only if: (a) has a enforceable right to offset current tax assets against current tax liabilities; It is b) deferred tax assets and deferred tax liabilities relate to income taxes assessed by the same tax authority on either: i) the same taxable entity, or 449