Company: KYIV
Filing Date: 2025-12-09
Form Type: F-1/A
Source: 0001213900-25-119722
Chunk: 372

Company: Kyivstar Group Ltd.
Filing Date: 2025-12-09
Form: F-1/A
Chunk 372
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     |   10 |   |     |                  8 |   |     |    2 |   |
| Profit before tax                                                   |     |              161 |   |     |  134 |   |     |                103 |   |     |   89 |   |

F-103

VEON Holdings B.V.Notes to the interim condensed combined financial statements
(in millions of U.S. dollars unless otherwise stated) 3INCOME TAXES Income tax expense is the total of the current and deferred income taxes. Current income tax is the expected tax expense, payable or receivable on taxable income or loss for the period, using tax rates enacted or substantively enacted at the reporting date, and any adjustment to tax payable or receivable in respect of previous years. Deferred income tax is the tax asset or liability resulting from a difference in income recognition between enacted or substantively enacted local tax law and group IFRS accounting. Income tax expense consisted of the following for the six and three -monthperiods ended June 30:

|                       |     | Six-month period 
             2025 |   |     | 2024 |   |     | Three-month period 
               2025 |   |     | 2024 |   |
|:----------------------|:----|-----------------:|:--|:----|-----:|:--|:----|-------------------:|:--|:----|-----:|:--|
| Current income taxes  |     |              (32 | ) |     |  (25 | ) |     |                (18 | ) |     |  (17 | ) |
| Deferred income taxes |     |               (3 | ) |     |   (1 | ) |     |                 (3 | ) |     |    — |   |
| Income taxes          |     |              (35 | ) |     |  (26 | ) |     |                (21 | ) |     |  (17 | ) |
| Effective tax rate    |     |             21.7 | % |     | 19.4 | % |     |               20.4 | % |     | 19.1 | % |

The difference between the statutory tax rate in the Netherlands (25.8%) and the effective corporate income tax rate for the Group in the six and three -monthperiods ended June 30, 2025, 21.7% and 20.4%