BIRLESIM_2022 ANNUAL REPORT

BİRLEŞİM MÜHENDİSLİK 2022 FAALİYET RAPORU 172 Birleşim Mühendislik Isıtma Soğutma Havalandırma Sanayi Ticaret Anonim Şirketi and Its Subsidiaries (Currency in Turkish Lira (“TL”) unless otherwise stated). Notes to the Consolidated Financial Statements for the Year Ended 31 December 2022 28. INCOME TAXES (INCLUDING DEFERRED TAX ASSETS AND LIABILITIES) As of the 1 January - 31 December 2022 and 2021, Income Tax details are as follows: Tax for the Period Assets 31 December 2022 31 December 2021 Prepaid Taxes and Funds 70.647.272 18.265.327 Total 70.647.272 18.265.327 Tax for the Period Liabilities 31 December 2022 31 December 2021 Tax for the Period Provision 3.587.408 12.446.296 Minus: Prepaid Taxes and Funds (3.587.408) (12.446.296) - - Tax Expenses 1 January – 31 December 2022 1 January – 31 December 2021 Tax Charges for the Period (3.587.408) (12.446.296) Deferred tax Income/(Charge) (14.175.928) (11.669.443) (17.763.336) (24.115.739) Corporate tax The required provisions are reserved in the accompanying financial statements for the estimated tax liabilities with regards to the current period operating results of the Group. The Corporate Tax rate is 2022, with the Provisional Article 13 added to the Corporate Tax Law no. It will be applied as 23% for corporate earnings for the taxation period of the year 2022 (31 December 2021: 25%). With regards to the taxes to be paid in Turkey, there is no practice of reconciliation with the tax authority. The corporate tax returns are submitted to the respective tax office until the evening of the last day of the fourth month following the month that the accounting period is closed. Notwithstanding, the tax authorities have the right to audit tax returns may inspect the related accounting records for a period of five years and in case an erroneous transaction is detected, then the amounts of taxes payable may change. In addition to the corporate tax, except for those distributed to fully obliged institutions that acquire share from profits in the event they are distributed and declares these shares from profits by including them into the earnings of the institution, and to the braches of foreign companies in Turkey, income tax withholding should separately be calculated over the shares of profits. The income tax withholding is applied at the rate of 10%. 1 January – 31 December 2022 1 January – 31 December 2021 1 January Opening Balance (15.075.703) (3.546.407) Deferred Tax Income/(Expense) (14.175.928) (11.669.443) Actuarial Loss/(Gain) 643.835 140.147 Deferred Tax Income/(Expense) (28.607.796) (15.075.703)