
	12.31.24	12.31.23	12.31.22
Income Before Income Tax for the Year	2,438,559,532	1,288,083,397	475,930,308
Current Tax Rate	35%	35%	35%
Income for the Year at Tax Rate	(853,495,836)	(450,829,189)	(166,575,608)
Permanent Differences at Tax Rate
- Income for Equity Instruments	273,301,643	2,424,519	(1,137,025)
- Untaxed Income	4,202,133	17,560,318	204,800
- Donations and Other Non-deductible Expenses	(1,372,365)	(1,508,028)	(191,681)
- Other	(280,746,090)	(17,138,953)	(9,475,188)
- Inflation effect	(735,139,067)	(890,514,111)	(598,050,140)

- Tax inflation adjustment	934,410,238	852,719,353	649,831,716
Total Income Tax Charge for the Year	(658,839,344)	(487,286,091)	(125,393,126)


	12.31.24	12.31.23	12.31.22
Current Income Tax	(293,371,878)	(696,809,455)	(121,170,679)
Deferred Tax Charge(*)	(204,894,906)	375,511,121	23,180,398
Update of the charge tax for inflation effects	(161,421,306)	(169,333,235)	(24,070,517)
Tax Return adjustment from previous fiscal year	848,746	3,345,478	(3,332,328)
Total Income Tax Charge for the Year	(658,839,344)	(487,286,091)	(125,393,126)


	12.31.24	12.31.23	12.31.22
Current Income Tax	(293,371,878)	(696,809,455)	(121,170,679)
Tax Advances	118,794,200	52,789,077	56,381,829
Current Income Tax Liabilities	(174,577,678)	(644,020,378)	(64,788,850)

•Law 27,430 introduced an amendment establishing that the subjects referred to in paragraphs a) to e) of Article 53 of the current Income Tax Act, for the purposes of determining the net taxable earnings, should deduct or incorporate the tax inflation adjustment to the tax income for the fiscal year being settled. Said adjustment would be applicable in the fiscal year where a variation percentage of the consumer price index is verified, greater than one hundred percent (100%), accumulated in the thirty-six (36) months prior to the closing of the fiscal year being settled.

•For fiscal years commencing on or after January 1, 2021, the inflation adjustment would be charged in full (100%), with no deferral at all. In this regard, the whole inflation adjustment calculated for this year has to be included in the current fiscal year.

On June 16, 2021, Law 27,630 was enacted establishing a new graduated income tax rate structure for capital companies, with three segments in relation to the level of accumulated taxable net earnings, to be applied for fiscal years commencing on or after January 1, 2021, this date included.


Accumulated taxable net earnings
Over Ps.	At Ps.	Will pay Ps	Plus %		On the surplus of Ps.
—	34,704	—	25	%	—
34,704	347,035	8,676	30	%	34,704
347,035	Onwards	102,375	35	%	347,035


Accumulated taxable net earnings
Over Ps.	At Ps.	Will pay Ps	Plus %		On the surplus of Ps.
—	14,301	—	25	%	—
14,301	143,012	3,575	30	%	14,301
143,012	Onwards	42,189	35	%	143,012

The amounts provided for above will be adjusted annually, based on the annual variation of the CPI provided by INDEC, corresponding to the month of October of the year prior to the adjustment, with respect to the same month of the previous year.

Dividend tax: it is established that dividends or profits distributed to individuals, undivided estates or foreign beneficiaries will be taxed at the rate of 7%.