Company: ADZCF
Filing Date: 2025-03-13
Form Type: 20-F
Source: 0001159508-25-000020
Chunk: 572

Company: DEUTSCHE BANK AKTIENGESELLSCHAFT
Filing Date: 2025-03-13
Form: 20-F
Chunk 572
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2                                 |     |  471 |     |  448 |     |  418 |
| Expenses for severance payments3                                   |     |  487 |     |  293 |     |   82 |

1 Severance related items under Service Costs are reclassified to Expenses for Severance payments

2 Including expenses for new hire awards and the acceleration of expenses not yet amortized due to the discontinuation of employment including those amounts which are recognized as part of the Group’s restructuring expenses

3 Excluding the acceleration of expenses for deferred compensation awards not yet amortized. Severance related items under Service Costs were reclassified to Expense for Severance payments

| 307 |

| Deutsche Bank      |
| Annual Report 2024 |

34 – Income Taxes

Income tax expense/(benefit)

| in € m.                                                                              |     |  2024 |     |   2023 |     |   2022 |
| Current tax expense (benefit):                                                       |     |       |     |        |     |        |
| Tax expense (benefit) for current year                                               |     | 1,330 |     |  1,284 |     |    919 |
| Adjustments for prior years                                                          |     |   -16 |     |     56 |     |   -132 |
| Total current tax expense (benefit)                                                  |     | 1,314 |     |  1,340 |     |    787 |
| Deferred tax expense (benefit):                                                      |     |       |     |        |     |        |
| Origination and reversal of temporary differences, unused tax losses and tax credits |     |   900 |     |  1,158 |     |    381 |
| Effect of changes in tax law and/or tax rate                                         |     |    23 |     |      7 |     |    -19 |
| Adjustments for prior years                                                          |     |   -13 |     | -1,002 |     | -1,256 |
| Total deferred tax expense (benefit)                                                 |     |   909 |     |    163 |     |   -894 |
| Total income tax expense (benefit)                                                   |     | 2,223 |     |  1,503 |     |   -107 |

Total deferred tax expense/(benefit) includes benefits from previously unrecognized tax losses (tax credits/deductible temporary differences) and the reversal of