Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 484

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 484
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, licenses, tax positions and investments, and the outcomes of these are subject to significant uncertainty. Management evaluates, among other factors, the degree of probability of an unfavorable outcome and the ability to make a reasonable estimate of the amount of loss. Unanticipated events or changes in these factors may require the Group to increase or decrease the amount recorded for a matter that has not been previously recorded because it was not considered probable and/or the impact could not be estimated (no reasonable estimate could be made). In the ordinary course of business, VEON Group may be party to various legal and tax proceedings, including as it relates to compliance with the rules of the telecom regulators in the countries in which VEON Group operates, competition law and anti -briberyand corruption laws, including the U.S. Foreign Corrupt Practices Act (“FCPA”). Non -compliancewith such rules and laws may cause VEON Group to be subject to claims, some of which may relate to the developing markets and evolving fiscal and regulatory environments in which the Group operates. In the opinion of management, VEON Group’s liability, if any, in all pending litigation, other legal proceeding or other matters, other than what is discussed in this Note, will not have a material effect upon the financial condition, results of operations or liquidity of the Group. 8INCOME TAXES Current income tax is the expected tax expense, payable or receivable on taxable income or loss for the period, using tax rates enacted or substantively enacted at reporting date, and any adjustment to tax payable in respect of previous years. F-43

VEON Holdings B.V.
OPERATING ACTIVITIES OF THE GROUP (cont.) 8INCOME TAXES (cont.) Income tax payable Current income tax payable consisted of the following items as of December 31:

|                          |     | 2023 |
| Current tax payable      |     |   16 |
| Total income tax payable |     |   16 |

Income tax assets The Company has no current income tax assets as of 31 December 2023. Income tax expense Income tax expense consisted of the following for the year ended December 31:

|                                              |     | 2023 |   |
| Current income taxes                         |     |      |   |
| Current year                                 |     |  (67 | ) |
| Total current income taxes                   |     |  (67 | ) |
| Deferred income taxes                        |     |      |   |
| Movement of temporary differences and losses |     |    2 |