Company: TCMFF
Filing Date: 2025-05-19
Form Type: 6-K
Source: 0001104659-25-050264
Chunk: 99

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-19
Form: 6-K
Chunk 99
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 | Non-current |               |     | Current    |         |     | Non-current |               |
| Tax credits                   |     |            |                |     |             |               |     |            |         |     |             |               |
| Turnover tax – credit balance |     |            |  4,122,812,512 |     |             |             - |     |            |       - |     |             |             - |
| Income tax – credit balance   |     |            | 12,634,055,820 |     |             | 3,799,321,693 |     |            |       - |     |             | 4,345,787,443 |
| Other                         |     |            |     28,168,430 |     |             |             - |     |            | 865,367 |     |             |             - |
| Total                         |     |            | 16,785,036,762 |     |             | 3,799,321,693 |     |            | 865,367 |     |             | 4,345,787,443 |

Tax on Deposits to and Withdrawals from Bank Accounts

In accordance with Law No. 25,413, the Company
is subject to the tax on deposits to and withdrawals from bank accounts. Since its implementation, this tax has functioned as a payment
on account of other taxes, and under current regulations, 33% of the amounts withheld under this tax can be used as a credit against the
Income Tax. It is important to note that if a credit balance results from the application of this tax on bank debits and credits, it will
not be freely available but can only be used against the income tax of future periods.

Due to the financial context of TASA, a company
now merged with TMA, and its future tax projections, during fiscal years 2021, 2022, and 2023, TASA had decided to expense the entire
credit generated by the tax on bank debits and credits, amounting to a total of 2,199,055,008 pesos. In the context of the merger (Notes
1 and 21), TMA, based on its tax projections, decided to re-recognize the aforementioned credit.

| 17. | Income and Expense |

Income

There follows a breakdown of Income:

|                  |     | 2024 |                   |     | 2023 |