Chapters
Annual Report 2018

Income tax

Income tax decreased from €101 million in 2017 to €82 million in 2018. The tax rate decreased from 28.9% to 25.6%.

In 2018, the decrease in income tax expense is mainly resulting from the recognition of deferred tax assets for unused incentive tax credits from the past, which have become available due to changes in the legal and financing structure in certain jurisdiction.