IBERSOL • 2023 Integrated Management Report

INTEGRATED MANAGEMENT REPORT 2023 9.1.2. Current tax recognized in the statement of financial position 9.1.2.1. Income tax recoverable At 31 December 2023 and 2022, the amount of tax on income to be recovered totals EUR 3,550,462 (EUR 109,587 in 2022), as follows: Dec/23 Dec/22 Portugal 3 509 896 78 030 Spain 38 416 31 557 Others 2 150 - 3 550 462 109 587 9.1.2.2. Income tax payable At 31 December 2023 and 2022, the amount of tax payable breaks down as follows: Dec/23 Dec/22 Angola 147 259 406 730 Others 9 261 7 135 156 520 413 865 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 21% Spain 25% Angola 25% 485