Company: KYIV
Filing Date: 2025-09-30
Form Type: F-1/A
Source: 0001213900-25-093621
Chunk: 354

Company: Kyivstar Group Ltd.
Filing Date: 2025-09-30
Form: F-1/A
Chunk 354
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 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% respectively, was primarily driven by a number of non -deductibleexpenses of US$3, change in deferred tax assets recognition of US$12 and a reversal of $1 in non taxable income. Global Minimum Tax The Group is in scope of the enacted Pillar Two legislation and has performed an assessment of the Group’s exposure to Pillar Two income taxes. The assessment of the potential exposure to Pillar Two income taxes is based on the most recent tax filings, country -by -countryreporting and financial statements for the constituent entities in the Group. Based on the assessment, the Pillar Two effective tax rates in the majority of jurisdictions in which the Group operates are above 15%. The Group has applied the IAS 12 exception to recognizing and disclosing information about deferred tax assets and liabilities related to Pillar Two income taxes. INVESTING ACTIVITIES OF THE GROUP 4SIGNIFICANT TRANSACTIONS During the six-month period ended June 30, 2025 Acquisition of Uklon On March 19, 2025, JSC Kyivstar signed an agreement to acquire Uklon Group, a leading Ukrainian ride -hailingand delivery platform. This strategic acquisition