IE Domain Registry t/a .IE

7. Taxation 7(a). Current year taxation 2020 2019 € € Current year taxation Corporation tax on the profit for the year on ordinary activities 50,231 14,611 Deferred taxation Origination/(reversal) of timing differences 41,867 46,932 92,098 61,543 7(b). Factors affecting tax charge for year 2020 2019 € € Profit on ordinary activities before tax 511,513 292,981 Profit on ordinary activities multiplied by standard rate of Corporation Tax in Ireland of 12.5% 63,939 36,623 Effects of: Capital allowances for period greater than depreciation (8,020) (2,151) Income at higher rates of taxation 2,716 2,338 Expenses not allowable for tax purposes 12,854 4,501 Movement in financial investment valuation unrealised – so not chargeable for tax purposes (20,934) (24,247) Losses used against current year and preceding year profits/losses available for future use - (2,453) Income tax withheld 1,100 - Income not taxable (1,424) - Other timing differences 41,867 46,932 Current tax charge for year (Note 7(a)) 92,098 61,543 Financial Statements IE Domain Registry CLG t/a .IE / Annual Report & Review 2020 51