Moncler Group | Annual Report 2024 Consolidated Financial Statements 368  | 

4.8 Income tax

The income tax ef fect on the consolidated income statement

is as follows:

The tax rate in 2024 was equal to 29.7%, in line with 2023.

Legislative Decree n. 209 of 27 December 2023 implemented

Directive n. 2022/EU/2523, regarding “Global Minimum Tax",

with the explicit aim of ensuring, starting from 1 January 2024,

a minimum level of taxation for groups with revenues exceeding

Euro 750 million. The legislation originates from the rules

formulated in the OECD and is commonly known as “Pillar II".

The Company falls within the scope of application

of this regulation. The impact on taxes resulting from the “Pillar II”

regime is not signif icant.

For the breakdown of deferred tax assets and liabilities by

nature, please see paragraph 5.5.

The reconciliation between the theoretical tax burden by

applying the theoretical rate of the parent company, and the

ef fective tax burden is shown in the following table:

49 Personnel expenses

The following table lists the details of the main personnel

expenses by nature compared with those of the previous year

EUR/000 2024 2023

Current income taxes (260,476)(266,827)

Deferred tax (income) expenses (9,737)8,094

INCOME TAXES CHARGED

IN THE INCOME STATEMENT

(270,213)(258,733)

RECONCILIATION THEORETIC-EFFECTIVE TAX RATE Taxable

Amount 2024

Tax Amount

2024

Tax rate 2024 Taxable

Amount 2023

Tax Amount

2023

Tax rate 2023

EUR/000

Prof it before tax 909,809 870,635

Income tax using the Company’s theoretic tax rate(218,354)24.0% (208,952)24.0%

Temporary differences 8,653(1.0)%(6,012)0.7%

Permanent differences (28,501)3.1% (26,048)3.0%

Other differences (22,273)2.4% (25,814)3.0%

Deferred taxes recognized in the income statement (9,737)1.1% 8,094(0,9)%

Income tax at effective tax rate(270,213)29.7% (258,733)29.7%

EUR000 2024 2023

Wages and salaries and Social security costs368214339286

Accrual for employment benef its2455825655

TOTAL392772364941

.%,.

..

-

(.).

,

.(.)

..

(--):

,(,).

.

:

/,,

.

.(.),

,,

,,

,,

,,

/

,(,)(,)

(,)(,)

(,)(,)