Company: PLSAY
Filing Date: 2025-04-23
Form Type: 20-F/A
Source: 0001884082-25-000005
Chunk: 185

Company: Polestar Automotive Holding UK PLC
Filing Date: 2025-04-23
Form: 20-F/A
Chunk 185
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 align='center'>F-42</div>

All changes in Deferred tax assets and liabilities have been reported in the Consolidated Statement of Loss and Comprehensive Loss for the years ended December 31, 2023, 2022, and 2021 respectively. Deferred taxes have been calculated by applying the tax rate per jurisdiction.

Information regarding unrecognized Deferred tax assets:

The Group recognizes Deferred tax assets to the extent that the Group believes that the likelihood of recognition is probable. In making such a determination, the Group considers reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies and the results of recent operations. Unrecognized Deferred tax assets are reassessed at each reporting date and recognized to the extent that it has become probable that future taxable profits will be available against which they can be used. Significant management judgements and assumptions are required in determining the recognition of Deferred tax assets related to tax losses and other temporary deductible differences. A change in judgement or assumption could have a material impact on the recognition of Deferred tax assets.

As of December 31, 2023 and 2022, the Group made the judgement that there is not sufficient, objectively verifiable evidence available which would demonstrate that it is more likely than not that the Group would be able to realize all Deferred tax assets in the future. This resulted in Deferred tax assets on tax loss carry forwards not being recognized amounting to $ 698,037and $ 469,498as of December 31, 2023 and 2022, respectively.

Tax loss carryforwards through the year of expiration are as follows:

|                                          |     | As of December 31, |           |     |           |           |
|                                          |     |               2023 |           |     |      2022 |           |
|                                          |     |          -Restated |           |     | -Restated |           |
| 2023                                     |     |                    |         — |     |           |         — |
| 2024                                     |     |                    |         — |     |           |    67,221 |
| 2025                                     |     |                    |         — |     |           |   174,128 |
| 2026                                     |     |                    |   169,970 |     |           |   131,524 |
| 2027                                     |     |                    |   109,965 |     |           |   188,728 |
| 2028                                     |     |                    |