ÇELEBİ HAVA SERVİSİ ANNUAL REPORT 2024

ÇELEBİ HAVA SERVİSİ ANONİM ŞİRKETİ VE BAĞLI ORTAKLIKLARI 127 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 (Amounts expressed in Turkish Lira (“TL”) unless otherwise indicated.) Çelebi Ground Handling 2024 Annual Report In Türkiye, the corporate tax rate is 25% (31 December 2023: 25%). 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 2024 (2023: 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 31,93% for fiscal year 2024 (2023: 31,93%). 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 2024 and 2023, tax expenses are as follows: 1 January - 31 December 2024 1 January - 31 December 2023 - Current period corporate tax (906.423.375) (752.485.943) - Deferred tax income 223.981.807 (143.119.948) Current period tax income (expense) - net (682.441.568) (895.605.891) Reconciliation of tax expenses presented in consolidated statements of income for the periods ended 31 December 2024 and 2023 are as follows: 2024 2023 Profit before tax in the financial statements 4.274.622.451 2.720.764.901 Expected tax expense according to parent company tax rate (1.068.655.613) (680.656.429) Differences in tax rates of subsidiaries (26.058.503) (109.662.059) Expected tax expense of the Group (1.094.714.116) (790.318.488) Non-deductible expenses (37.764.083) (47.769.796) Reductions 120.643.437 83.773.022 Effect of donations and aids 24.063.621 12.294.440 Offset prior year profit loss - 5.268.936 Tax incentive effect 189.656.834 - Export rate difference 18.892.423 - Non-taxable losses from prior years 76.593.278 - Deferred tax income/(expense) calculated over unused previous years’ losses - (44.771.665) Earthquake tax - (78.858.795) Other 20.187.038 (35.223.545) Current period tax expense of the Group (682.441.568) (895.605.891)