Company: KYIV
Filing Date: 2025-12-09
Form Type: F-1/A
Source: 0001213900-25-119722
Chunk: 328

Company: Kyivstar Group Ltd.
Filing Date: 2025-12-09
Form: F-1/A
Chunk 328
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cont.)

Income tax assets

The Company has no current income tax assets as of December 31, 2024 and 2023.

Income tax expense

Income tax expense consisted of the following for the year ended December 31:

|                                              |     | 2024 |   |     | 2023 |   |
| Current income taxes                         |     |      |   |     |      |   |
| Current year                                 |     |  (64 | ) |     |  (67 | ) |
| Total current income taxes                   |     |  (64 | ) |     |  (67 | ) |
| Deferred income taxes                        |     |      |   |     |      |   |
| Movement of temporary differences and losses |     |    — |   |     |    2 |   |
| Total deferred tax benefit                   |     |    — |   |     |    2 |   |
| Income tax expense                           |     |  (64 | ) |     |  (65 | ) |

Effective tax rate

The table below outlines the reconciliation between the statutory tax rate in the Netherlands of % and the effective income tax rate together with the corresponding amounts for the years ended December 31:

|                                                  |     | 2024 |   |     | 2023 |   |     | Explanatory notes                                                                                                                                                                                                                                     |
| Profit before tax                                |     |  347 |   |     |  346 |   |     |                                                                                                                                                                                                                                                       |
| Income tax expense at statutory tax rate (25.8%) |     |  (90 | ) |     |  (89 | ) |     |                                                                                                                                                                                                                                                       |
| Difference due to the effects of:                |     |      |   |     |      |   |     |                                                                                                                                                                                                                                                       |
| Different tax rates in different jurisdictions   |     |   27 |   |     |   27 |   |     | The company has income tax rates which are different to the Dutch statutory tax rate of 25.8%. The profits in Ukraine are subject to an 18% income tax rate which has a positive impact on the Group’s effective tax rate.                            |
| Non-deductible expenses                          |     |   (1 | ) |     |   (3 | ) |     | The non-deductible expenses are primarily driven by the intercompany recharges incurred by Kyivstar such as software licenses, employment costs and other less material adjustments arising on the differences