IAS 12 paras 88A-88B, exception taken to recognising and disclosing information on deferred tax related to Pillar two income tax and disclosure of current tax effect of Pillar two tax

Stora Enso Oyj – annual report – 31 December 2024

Industry: forestry

2.5 Income taxes (extract)
Impact of OECD Pillar Two model rules

The Group is within the scope of the OECD Pillar Two model rules as from 1 January 2024. The Group applies the exception to recognising and disclosing information about deferred tax assets and liabilities related to Pillar Two income taxes, as provided in the amendments to IAS 12.

The impact of the legislation to the Group’s average effective tax rate is expected to vary from year to year. In 2024 current tax expense of EUR 41 million includes EUR 2 million Pillar Two top-up tax expense.