Company: TCMFF
Filing Date: 2025-05-19
Form Type: 6-K
Source: 0001104659-25-050264
Chunk: 98

Company: TELECOM ARGENTINA SA
Filing Date: 2025-05-19
Form: 6-K
Chunk 98
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Deferred income tax assets and liabilities are
offset when there is a legally enforceable right to offset current tax assets with current tax liabilities and deferred income tax when
they relate to taxes of the same taxed entity levied by the same taxing authority.

In March 2024, based on TMA's tax projections
for fiscal year 2024 and subsequent fiscal years, the deferred asset arising from TASA’s tax loss was recorded, amounting to 95,316,100,583
pesos.

There follows a detail of tax loss carryforwards
as of December 31, 2024:

| Generated on fiscal year |       |     | Cumulative tax loss |                |     | Tax carryforward expiration 
 year                        |      |
|                          |  2023 |     |                     | 16,046,555,997 |     |                             | 2028 |
|                          | Total |     |                     | 16,046,555,997 |     |                             |      |

Reconciliation Between Accounting Profit/(Loss) and Accrued Tax Expense

The reconciliation between the pre-tax accounting
result and the income tax expense for fiscal years ended December 31, 2024, and 2023, is as follows:

|                                                                      |     | 2024 |                    |   |     | 2023 |                  |   |
| Pre-tax accounting result                                            |     |      | (1,463,151,110,514 | ) |     |      | (262,083,834,491 | ) |
| Income tax expense at the country’s statutory rate                   |     |      |   (512,102,888,680 | ) |     |      |  (91,729,342,072 | ) |
| Permanent differences arising from inflation adjustment              |     |      |     41,124,323,138 |   |     |      |   55,882,530,080 |   |
| Other permanent differences                                          |     |      |        507,336,636 |   |     |      |   42,445,133,702 |   |
| Recognition of tax losses of TASA for prior years                    |     |      |    (32,441,297,320 | ) |     |      |                - |   |
| Variation in deferred income tax expense due to a change in tax rate |     |      |                  - |   |     |      |      (17,128,353 |