Catom Annual Report 2020 EN

19. Taxes

€

2020

2019

Group result

7,562,675

14,685,426

Taxes

2,215,173

3,901,314

Effective tax rate

29,3%

26,6%

Statutory tax rate

25,0%

25,0%

The effective tax rate differs from the statutory rate in particular due to the difference between the amortisation and depreciation amounts for financial reporting and those for tax purposes.

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