Company: PLSAY
Filing Date: 2025-04-23
Form Type: 20-F/A
Source: 0001884082-25-000005
Chunk: 184

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-04-23
Form: 20-F/A
Chunk 184
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                                 |        124 |     |           |  -11,830 |     |           |    3,412 |
| Current tax related to previous year                                  |     |                                 |        979 |     |           |   -3,781 |     |           |        — |
| Total                                                                 |     | $                               |      9,452 |     | $         |  -29,757 |     | $         |    3,076 |

1 - 2023: 23.52% (UK rate), 2022: 19% (UK rate), 2021: 16.5% (Hong Kong rate).

2 - 2023: Main non-taxable income attributable to the fair value changes of the earn-out rights, corresponding tax $ 104,233. Within the group there are non-deductible expenses such as non-deductible interest expenses in the parent company of corresponding tax $ 15,300. Other nondeductible items net $ 69,009including non-taxable income.

3 - 2022: Primarily attributable to the Listing expense being non-tax deductible, corresponding tax $ 70,740and Fair value changes of the Earn-out rights being non-taxable income, corresponding tax $ 171,393. Other non-tax items net $ 14,792.

The 2021 Hong Kong tax rate in the table above is reflective of the Inland Revenue (Amendment) (No. 7) Bill 2017 (the “Bill”), which was passed by the Hong Kong Legislative Council in 2018. The Bill introduces the two-tiered profits tax rates regime, under which, the first 2,000,000Hong Kong Dollar (“HKD”) of profits of the qualifying group entity will be taxed at 8.25%, and profits above 2,000,000HKD will be taxed at 16.5%.

Information regarding the composition of recognized Deferred tax assets is as follows:

|                                                           |     | As of December 31, |         |     |           |         |
|                                                           |     |               2023 |         |     |      2022 |         |
| Specification of deferred tax assets                      |     |          -Restated |         |     | -Restated |         |
| Tax losses carried forward                                |     |                    |  30,131 |     |           |  47,898 |
| Right-of use assets                                       |     |                    |