Company: LBTYK
Filing Date: 2025-03-25
Form Type: 10-K/A
Source: 0001570585-25-000097
Chunk: 122

Company: Liberty Global Ltd.
Filing Date: 2025-03-25
Form: 10-K/A
Chunk 122
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     |              | -124.3 |     |      |   -163.6 |
| Other future taxable amounts                    |     |              |   -2.5 |     |      |     -3.4 |
| Deferred tax liabilities                        |     |              | -954.0 |     |      | -1,077.5 |
| Net deferred tax liabilities                    |     |            € | -820.9 |     |    € | -1,044.6 |

_______________

(a) Our deferred income tax valuation allowance increased by €38.5 million in 2024. This increase reflects the impact of the interest deduction limitation being reduced to 20% of fiscal EBITDA.

In December 2021, the Organization for Economic Co-Operation and Development (OECD)/G20 Inclusive Framework on Base Erosion and Profit Shifting (BEPS) released Model Global Anti-Base Erosion (GLoBE) rules under Pillar Two. These rules provide for the taxation of certain large multinational corporations at a minimum rate of 15%, calculated on a jurisdictional basis. The Netherlands has enacted legislation to implement many aspects of the Pillar Two rules beginning on January 1, 2024, with certain remaining impacts to be effective from January 1, 2025. The Pillar Two rules did not have an impact on our consolidated financial statements for the year ended December 31, 2024 and we do not currently anticipate that they will have a material impact on our consolidated financial statements in the future.

In the normal course of business, our income tax filings are subject to review by the Dutch tax authority. In connection with such review, disputes could arise with the tax authority over the interpretation or application of certain income tax rules related to our business. Such disputes may result in future tax and interest and penalty assessments by the tax authority. The ultimate resolution of tax contingencies will take place upon the earlier of (i) the settlement date with the tax authority in either cash or agreement of income tax positions or (ii) the date when the tax authority is statutorily prohibited from adjusting the company’s tax computations. In this respect, tax filings for the years 2019 - 2023 are still open for examination by the Dutch tax authority.

There were no material unrecognized tax benefits during 2024, 2023 or 2022.

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#### VODAFONEZIGGO GROUP HOLDING B.V.

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