Annual
report 2020
Annual
report 2020
The reconciliation between the income tax expense and the theoretical tax calculated based on the Polish statutory tax rate was as follows: Expenses not deductible for tax purposes consist of cost items, which, under Polish tax law, are specifically determined as non-deductible. Previous topic Next topic
(in PLN millions)
12 months ended
31 December 202012 months ended
31 December 2019
Restated (see Note 2.2)
Current income tax
(14)
(2)
Deferred tax
(2)
(23)
Total income tax
(16)
(25)
(in PLN millions)
12 months ended
31 December 202012 months ended
31 December 2019
Restated (see Note 2.2)
Net income before tax
62
107
Statutory tax rate
19%
19%
Theoretical tax
(12)
(20)
Tax relief on research and development
6
9
Unrecognised deferred tax asset on tax capital losses
(1)
(5)
Expenses not deductible for tax purposes
(9)
(9)
Total income tax
(16)
(25)
26. Income tax
26.2. Deferred tax