18 Corporate income tax
2022 | 2021 | |
Current tax expense | (1,786) | (1,827) |
Deferred tax income | 16 | (31) |
Deferred tax liability | (55) | (336) |
Total | (1,825) | (2,194) |
Effective tax rate
% | 2022 | % | 2021 | |
Result before taxes | 7,252 | 8,697 | ||
Income tax expenses at statutory tax rate | 25.8% | 1,871 | 25.0% | 2,174 |
Application of lower tax rate corporate income tax (until € 395.000) | (0.6)% | (43) | (0.3)% | (25) |
Investments in associates valued at cost for tax purposes | 0.7% | 47 | (3.2)% | (276) |
Non-taxable expenses | 0.0% | - | 0.0% | 1 |
Lower depreciation for tax purposes | (0.2)% | (17) | (0.4)% | (33) |
Application local tax rates of foreign group companies | 0.1% | 5 | (0.1)% | (13) |
Effect deferred tax assets and liabilities | (0.5)% | (39) | 4.2% | 366 |
Income tax previous years | 0.0% | - | 0.0% | (1) |
Corporate income tax effective tax rate | 25.2% | 1,825 | 25.2% | 2,194 |