Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 376

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 376
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  (iv)      Taxable income for purposes of the employee profit-sharing is the same used for the Corporate Income Tax  
            except for certain items.                                                                                 
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  (v)      A 10% withholding tax is imposed on dividends distributions to individuals and foreign shareholders from  
           earnings generated starting January 1, 2014.                                                              
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The income tax rates for 2024, 2023 and 2022 were in Guatemala25%, Costa Rica30% and El Salvador30%.

b) For the years ended December
31, 2024, 2023 and 2022, the Company reported on a consolidated basis taxable income of US$299,332,
US$59,984 and US$ 53,293

In accordance with the MITL and Costa Rican Income Tax Law
(“ CRITL”), tax losses may be carried forward against taxable income generated in the succeeding 10 and three years, respectively.
Carryforward tax losses are adjusted based on inflation.

In accordance with Guatemala Income Tax Law (“ GITL”)
and El Salvador Income Tax Law (“ ESITL”), tax losses cannot be carried forward against taxable income generated.

c) An analysis of consolidated income tax expense for the
years ended December 31, 2024, 2023 and 2022 is as follows:

Consolidated statements of operations

  Schedule of consolidated statements of operations                                                                           
                                                         2024                     2023                    2022                
  Current income tax expense                             US$       ( 104,184      US$       ( 21,939      US$       ( 15,456  
  Deferred income tax benefit                                         47,870                  22,316                  67,595  
  Total income tax (expense) benefit                     US$        ( 56,314      US$            377      US$         52,139  

Consolidated statements of comprehensive income

  Schedule of consolidated statements of comprehensive income                                                                        
                                                                              2024               2023               2022             
  Deferred income tax related to items recognized in OCI during the year                                                             
  Net gain (loss) cash flow hedges                                            US$       118      US$       362      US$        ( 80  
  Remeasurement gain (loss) of employee benefits