Universal Registration Document 2022

6.6 Notes To The Consolidated Financial statements

Note 9 Income taxes

/ Analysis of income tax expense

(in millions of euros)	2022	2021
Current income tax expense for the period	Current income tax expense for the period 2022 (570)	Current income tax expense for the period 2021 (368)
Current tax income/(expense) for previous years	Current tax income/(expense) for previous years 2022 10	Current tax income/(expense) for previous years 2021 1
Total tax income/(expense)	Total tax income/(expense)2022(560)	Total tax income/(expense) 2021 (367)
Deferred tax income/(expense)	Deferred tax income/(expense) 2022 139	Deferred tax income/(expense) 2021 59
Changes in unrecognized deferred tax assets	Changes in unrecognized deferred tax assets 2022 (10)	Changes in unrecognized deferred tax assets 2021 1
Total net deferred tax income/(expense)	Total net deferred tax income/(expense)2022129	Total net deferred tax income/(expense) 2021 60
Income taxes	Income taxes2022 (431)	Income taxes 2021 (307)

/ Effective tax rate

The effective tax rate is obtained as follows:

(in millions of euros)		2022	2021
Pre-tax income of consolidated companies	Pre-tax income of consolidated companies	Pre-tax income of consolidated companies 1,648	Pre-tax income of consolidated companies20221,343
Revaluation of earn-out payments	Revaluation of earn-out payments	Revaluation of earn-out payments 2	Revaluation of earn-out payments 2022 (27)
(Gains)/Losses on disposals⁽¹⁾	(Gains)/Losses on disposals ⁽¹⁾	(Gains)/Losses on disposals ⁽¹⁾ 87	(Gains)/Losses on disposals ⁽¹⁾2022 (3)
Restated pre-tax income of consolidated companies	Restated pre-tax income of consolidated companies A	Restated pre-tax income of consolidated companies 1,737	Restated pre-tax income of consolidated companies20221,313
French tax rate applicable to the parent Company	French tax rate applicable to the parent Company	French tax rate applicable to the parent Company 25.8%	French tax rate applicable to the parent Company 2022 28.4%
Expected tax expense on pre-tax income of consolidated companies	Expected tax expense on pre-tax income of consolidated companies	Expected tax expense on pre-tax income of consolidated companies (449)	Expected tax expense on pre-tax income of consolidated companies2022(373)
Impact of:	Impact of:	Impact of:	Impact of: 2022
difference between the French tax rate and foreign tax rates	difference between the French tax rate and foreign tax rates	difference between the French tax rate and foreign tax rates 133	difference between the French tax rate and foreign tax rates 2022 131
income tax at reduced or increased rates	income tax at reduced or increased rates	income tax at reduced or increased rates (80)	income tax at reduced or increased rates 2022 (45)
changes in unrecognized deferred tax assets	changes in unrecognized deferred tax assets	changes in unrecognized deferred tax assets (10)	changes in unrecognized deferred tax assets 2022 1
other impacts⁽²⁾	other impacts⁽²⁾	other impacts⁽²⁾ (25)	other impacts⁽²⁾ 2022 (21)
Income tax in the income statement	Income tax in the income statement	Income tax in the income statement (431)	Income tax in the income statement2022(307)
Income tax in the restated income statement	Income tax in the restated income statement B	Income tax in the restated income statement (431)	Income tax in the restated income statement2022(307)
Effective tax rate	Effective tax rate B/A	Effective tax rate 24.8%	Effective tax rate2022 23.4%

(1) Main gains and losses on disposals which are not taxable or deductible.

(2) Other impacts mainly include those related to tax credits and adjustments to previous financial years.

/ Tax effect on other comprehensive income

	December 31, 2022			December 31, 2021
(in millions of euros)	Gross	Tax	Net	Gross	Tax	Net
Actuarial gains (and losses) on defined benefit plans	42	(10)	32	48	(8)	40
Effect of translation adjustments and other	282	8	290	629	(10)	619
Total	324	(2)	322	677	(18)	659