16. Income taxes
The breakdown of income taxes is as follows:
Income taxes | T100 | |
|---|---|---|
in EUR thousands | 2024 | 2023 |
Current tax expenses | -27,519 | -27,925 |
Deferred tax income | 8,292 | 2,388 |
Total income taxes | -19,227 | -25,537 |
The combined income tax rate for the domestic companies was 30.1% in the 2024 fiscal year (2023: 30.1%) and comprised a corporation tax rate of 15%, a solidarity surcharge of 5.5% on corporation tax and an average trade tax rate of 14.2%. The taxation of the foreign subsidiaries is calculated on the basis of the tax rate applicable in the respective country of domicile. Deferred taxes, calculated using the tax rates which apply respectively, are expected to apply in the various countries at the time of realization.
The income tax expense of the Group actually reported differs from the theoretical income tax expense based on the total German income tax rate for the 2024 fiscal year as follows:
Tax reconciliation | T101 | |
|---|---|---|
in EUR thousands | 2024 | 2023 |
Profit before tax | 34,018 | 53,453 |
Group tax rate | 30.1% | 30.1% |
Expected income taxes | -10,239 | -16,089 |
Tax effects of: | ||
Tax losses and tax credits from the actual year for which no deferred income tax is recognized | -9,759 | -9,504 |
Effects from the deviation of the Group tax rate resulting mainly from different foreign tax rates | 2,918 | 3,743 |
Non-deductible expenses for tax purposes | -2,154 | -282 |
Other tax-free income | 573 | 525 |
Non-deductible withholding tax | -2,088 | -2,021 |
Income taxes related to prior years | 441 | 631 |
In the current fiscal year impaired deferred tax assets from loss carryforward related to the previous year | -1,530 | -3,145 |
In the current fiscal year recognized deferred tax assets from loss carryforward related to the previous year | 2,788 | 843 |
Impairment of other tax assets | -174 | |
Other | -3 | -238 |
Income taxes | -19,227 | -25,537 |
The amount of income taxes directly charged or credited to other comprehensive income is broken down as follows:
Income tax charged / credited to other comprehensive income | T102 | ||
|---|---|---|---|
2024 | |||
in EUR thousands | Before tax amount | Tax charge/credit | Net of tax amount |
Cash flow hedges gains/losses | -1,566 | 420 | -1,146 |
Remeasurements of post-employment benefit obligations | -62 | -11 | -73 |
Other comprehensive income | -1,628 | 409 | -1,219 |
2023 | |||
in EUR thousands | Before tax amount | Tax charge/credit | Net of tax amount |
Cash flow hedges gains/losses | -1,696 | 494 | -1,202 |
Remeasurements of post-employment benefit obligations | -282 | 195 | -87 |
Other comprehensive income | -1,978 | 689 | -1,289 |
Legend
These contents are part of the Non-financial Group Report and were subject to a separate limited assurance examination.