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Form 56-1 One Report 2022

16.2 Income tax

Income tax expenses for the years ended 31 December 2022 and 2021 were as follows:

(Unit: Million Baht)

For the years ended 31 December
2022 2021

Current income tax:

Corporate income tax for the year 776 817
Adjustments in respect of income tax of previous year (72) 3
Deferred income tax:

Relating to origination and reversal of temporary differences (222) (164)

Income tax expenses reported in profit or loss 482 656

Reconciliations between income tax expenses and the product of accounting profits for the

years ended 31 December 2022 and 2021 multiplied by the applicable tax rate were as follows:

(Unit: Million Baht)

For the years ended 31 December
2022 2021

Accounting profit before income tax 3,207 3,256
Applicable tax rate 20% 20%

Accounting profit before income tax multiplied by income tax rate 641 651
Tax effect of non-taxable revenue and non-deductible expenses
- Exception revenues (19) (4)

- Non-tax deductible expenses 18 11
- Expenses with additional privilege for more tax-deductible (6) (5)
Adjustments in respect of income tax of previous year (72) 3

Utilised tax benefit from the unrecorded portion of deferred tax (80) -
Income tax expenses reported in profit or loss 482 656

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