CELEBI GROUND HANDLING 2023 ANNUAL REPORT

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2023 ÇELEBİ HAVA SERVİSİ ANONİM ŞİRKETİ AND ITS SUBSIDIARIES (Amounts expressed in Turkish Lira (“TL”) unless otherwise indicated.) 122 Çelebi Ground Handling Inc. 2023 Annual Report NOTE 29 - TAX ASSETS AND LIABILITIES 31 December 2023 31 December 2022 Current period corporate tax provision 327.129.782 47.980.681 Current income tax liability, net (*) 327.129.782 47.980.681 Deferred tax assets 641.945.756 340.335.572 Deferred tax liabilities (433.857.990) (122.139.556) Deferred tax assets - net 208.087.766 218.196.016 (*) Current income tax assets and current income tax liabilities from the different subsidiaries of the Group have been separately presented as net in the balance sheet. Income Taxes Turkish tax legislation does not permit a parent company, its subsidiaries, to file a tax return on its consolidated financial statements. Therefore, the tax liabilities of the Group’s consolidated financial statements are calculated separately for all companies included in the scope of consolidation. In Türkiye, the corporate tax rate is 25% (31 December 2022: 23%). The corporate tax rate is applied to the net corporate income to be deducted from deduction of exemptions and reductions in tax laws and an addition of expenses not subject to deduction according to tax legislation. The corporate tax rate in force in Hungary is 9% effective as of 1 January 2018. In India, the corporate tax rate is 25,17% for fiscal year 2023 (2022: 25,17%). The corporate tax rate is applicable on the total income of companies after adjusting for certain disallowable expenses, income tax exemptions (affiliation privilege, investment allowance exemption, etc.) and income tax deductions (such as research and development expenses). In Germany, the corporate tax rate is 31,83% for fiscal year 2023 (2022: 31,925%). The corporate tax rate is applicable on the total income of companies after adjusting for certain disallowable expenses, income tax exemptions (affiliation privilege, investment allowance exemption, etc.) and income tax deductions (such as research and development expenses). For the periods ended on 31 December 2023 and 2022, tax expenses are as follows: 1 January - 31 December 2023 1 January - 31 December 2023 - Current period corporate tax (752.485.943) (300.775.570) - Deferred tax income (143.119.948) (1.961.132) Current period tax income (expense) - net (895.605.891) (302.736.702)