Company: LILA
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001712184-25-000031
Chunk: 205

Company: Liberty Latin America Ltd.
Filing Date: 2025-02-19
Form: 10-K
Item: Item 9C
Chunk 205
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 result of the following:Year ended December 31, 202420232022 in millionsComputed expected tax benefit (a)$— $— $— Permanent differences (b)(18.4)(49.3)46.8 Basis and other differences in the treatment of items associated with investments in Liberty Latin America entities0.6 1.5 (1.2)Decreases (increases) in valuation allowances(160.8)(161.5)188.8 Expiration of deferred tax assets with full valuation allowance(14.7)(12.3)(12.7)International rate differences (a) (c)220.0 88.2 49.9 Changes in uncertain tax positions3.7 (0.4)(24.5)Enacted tax law and rate changes (d) (e) (f)27.9 128.4 (162.2)Effect of non-deductible goodwill impairments(47.9)— (174.3)Effect of tax credits20.4 18.3 15.9 Withholding and capital gains taxes(25.2)(40.0)(13.3)Other, net(1.5)2.7 2.0 Total income tax benefit (expense)$4.1 $(24.4)$(84.8)(a)On July 11, 2017, Liberty Latin America was formed as a corporation in Bermuda where the Company has a “statutory” or “expected” tax rate of 0% during each 2024, 2023 and 2022. The majority of our subsidiaries operate in jurisdictions where income tax is imposed at local applicable rates, resulting in “international rate differences,” as shown in the table above that reflect the computed tax benefit (expense) of pre-tax book earnings (loss) in the respective taxable jurisdiction. (b)Permanent differences primarily relate to various non-taxable income or non-deductible expenses, such as CARICOM treaty income, limitations on deductible management fees, or executive compensation, among others.

II-86

Liberty Latin America Ltd.Notes to Consolidated Financial Statements – (Continued)December 31, 2024, 2023 and 2022

(c)The 2024 corporate tax rates applicable to our primary material jurisdictions are as follows: Bahamas, 0%; Barbados, 9%; Costa Rica, 30%; Jamaica, 33