Company: SLMT
Filing Date: 2025-05-28
Form Type: 20-F/A
Source: 0001213900-25-048029
Chunk: 70

Company: Brera Holdings PLC
Filing Date: 2025-05-28
Form: 20-F/A
Chunk 70
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,647 | ) |     |            € |         - |

| Statutory income tax rate |     | % |    |   |
| Italy                     |     |   | 24 | % |
| Macedonia                 |     |   | 10 | % |
| Ireland                   |     |   | 13 | % |

Temporary differences that give rise to the following
deferred tax assets and liabilities at are:

|                                      |     | December 31, |           |   |     | December 31, |           |   |
|                                      |     |         2024 |           |   |     |         2023 |           |   |
| Deferred tax assets/(liabilities)    |     |            € |   509,015 |   |     |            € |    (6,647 | ) |
| Net operating loss carryforwards     |     |            € | 3,411,295 |   |     |            € | 4,870,580 |   |
| Deferred tax assets not recognized   |     |              |  (509,015 | ) |     |              |         - |   |
| Net deferred tax asset/(liabilities) |     |            € |         - |   |     |            € |    (6,647 | ) |

As of December 31, 2024 and 2023, the Company has approximately
EUR and EUR of non-capital losses that may be used to offset future taxable income. These losses may be carried forward
on an indefinite basis and do not expire. The Company has not recognized the deferred tax assets due to the uncertainty around utilizing
all of the losses carry-forwards.

Note 17 – Deferred Revenue

Deferred revenue, also known as unearned revenue,
represents amounts received or invoiced in advance of delivering goods or rendering services. These amounts are recognized as revenue
when the performance obligations under the contracts are fulfilled. The Company accounts for deferred revenue in accordance with IFRS
–15 - Revenue from Contracts with Customers.

The following is a summary of the sources of deferred
revenue:

|              |     |     | December 31, 
         2024 |     |     | December 31, 
         2023 |
|:-------------|:----|:----|-------------:|:----|:----|-------------:|
|              |     | EUR |              |     | EUR |              |
| Brera Milano |     |     |       77