Company: KYIV
Filing Date: 2025-03-31
Form Type: DRS
Source: 0001213900-25-026261
Chunk: 485

Company: Kyivstar Group Ltd.
Filing Date: 2025-03-31
Form: DRS
Chunk 485
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 Other credits carried forwards expiry |     |             |     |              |     |           |     |            |   |     |       |   |
| Recognized credits                    |     | —           |     | —            |     | —         |     |          — |   |     |     — |   |
| Recognized DTA                        |     | —           |     | —            |     | —         |     |          — |   |     |     — |   |
| Non-recognized credits                |     | —           |     | —            |     | —         |     |       (130 | ) |     |  (130 | ) |
| Non-recognized DTA                    |     | —           |     | —            |     | —         |     |         34 |   |     |    34 |   |

In 2023, VEON Holdings is included in the Dutch Fiscal Unity for income tax purposes and has a significant amount of accumulated unrecognized tax losses and other tax carry -forwards. These tax attributes can be utilized to offset taxable income subject to certain conditions. The total amount of tax losses and other tax carry -forwardsof VEON Holdings can change after finalization of the 2022 and 2023 Dutch tax compliance cycles and filing of the relevant tax returns for the Dutch Fiscal Unity. Additionally, after finalization of the demerger, VEON Holdings may be required to transfer a certain amount of losses to other entities within Dutch Fiscal Unity. The Dutch tax regulations around tax losses are complex and require detailed calculation and preparation of Dutch Fiscal Unity tax returns. As a result, we cannot reliably estimate the exact amount of tax losses and other tax carry -forwardsthat will be forfeited by VEON Holdings in the future.

F-45 VEON Holdings B.V.
OPERATING ACTIVITIES OF THE GROUP (cont.) 8INCOME TAXES (cont.) ACCOUNTING POLICIES Income taxes Income tax expense represents the aggregate amount determined on the profit for the period based on current tax and deferred tax. In cases where the tax relates to items that are charged to other comprehensive income or directly to Net investment, the tax is also charged respectively to other comprehensive income or directly to Net investment. Uncertain tax positions The Group’s policy is to comply with the applicable tax regulations in the jurisdictions in which its operations are subject to income taxes. The Group’s estimates of current income tax expense and liabilities are calculated assuming that all tax computations filed by the Group