See accounting policy NN.
|Current taxes for the current period||39||-188|
|Current taxes referring to previous periods||9||26|
|Total current tax||47||-162|
|Deferred taxes arising from current period||-251||-105|
|Deferred taxes arising from changes in tax rates||-||-3|
|Total deferred tax||-251||-108|
|Income tax (expense) / gain||-204||-270|
The expected income tax expense is determined by applying the tax rate in the Netherlands to the result before tax. In 2022, this rate was 25.8% (2021: 25.0%). The enacted tax rate for 2023 will be 25.8%.
The table below shows a reconciliation of the expected income tax expense with the actual income tax expense.
|Result before tax||929||1,209|
|Current tax rates||-25.8%||-25.0%|
|Expected income tax (expense) / gain||-240||-302|
|Tax on interest on other equity instruments||12||12|
|Tax-exempt capital gains||24||12|
|Changes in impairments||-3||-2|
|Adjustments for taxes due on previous financial years||-||5|
|Total Income tax (expense) / gain||-204||-270|
The result is almost entirely earned and taxable in the Netherlands.
The effective income tax rate is 22.0% (2021: 22.4%).