Company: SLMT
Filing Date: 2025-05-28
Form Type: 20-F/A
Source: 0001213900-25-048029
Chunk: 82

Company: Brera Holdings PLC
Filing Date: 2025-05-28
Form: 20-F/A
Chunk 82
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 on bank balances in Brera Holdings.

Note 24 – Provision for Income Taxes

Ireland

Brera Holdings PLC is a holding company registered
in Ireland. The Company was incorporated in Ireland on June 30, 2022, no provision for income taxes in Ireland has been made as Brera
Holdings PLC did not generate any Ireland taxable income for the years ended December 31, 2024, 2023 or 2022. The corporate tax rate for
trading income in Ireland is % for the years ended December 31, 2024, 2023 and 2022.

Italy

The Company conducts a majority of its business
in Italy and is subject to tax in this jurisdiction. During the years ended December 31, 2024, 2023 and 2022, all taxable income (loss)
of the Company is generated in Italy. As a result of its business activities, the Company files tax returns that are subject to examination
by the Italian Revenue Agency.

Italian companies are subject to two enacted income
taxes at the following rates:

|                     |     | 2024 |       |   |     | 2023 |       |   |     | 2022 |       |   |
| IRES (state tax)    |     |      | 24.00 | % |     |      | 24.00 | % |     |      | 24.00 | % |
| IRAP (regional tax) |     |      |  3.90 | % |     |      |  3.90 | % |     |      |  3.90 | % |

IRES is a state tax and is calculated on the taxable
income determined on the income before taxes modified to reflect all temporary and permanent differences regulated by the tax law.

IRAP is a regional tax and each Italian region
has the power to increase the current rate of % by a maximum of %. In general, the taxable base of IRAP is a form of
gross profit determined as the difference between gross revenues (excluding interest and dividend income) and direct production costs
(excluding interest expense and other financial costs).

For the years ended December 31, 2024, 2023 and
2022, the Company’s income tax expenses are as follows:

|                      |     | 2024 |         |   |     | 2023 |        |     | 2022 |   |
|                      |     |  EUR