Appendix: Glossary Current Income Tax The income tax due on taxable profits of an accounting period including taxes for the current fiscal year and previous periods. Deferred Income Tax The income tax due on temporary differences between accounting values and tax bases for the current fiscal year and previous periods and deferred taxes related to tax loss carry forwards. Income Tax All taxes that are based on the taxable profits of the company for which the accounting is defined by IAS 12 including current and deferred income tax expense. Income Tax paid Income taxes paid relate to taxes imposed on Allianz entities’ income or profits (taxable income) paid in the relevant fiscal year. Insurance Premium Taxes (IPT) borne IPT borne include IPT which is charged to Allianz entities for insurance services purchased. Additionally, in some countries IPT is levied on insurance premiums the insurance company is liable for. Insurance Premium Taxes (IPT) collected IPT is a type of indirect tax levied on insurance premiums. The IPT is charged to the policyholder and, in most countries, remitted by the insurer to the nominated tax office. The IPT rates differ from country to country and depend on the type of insurance (motor, fire, etc.). Other Taxes borne Other taxes borne include all other taxes borne not mentioned in one of the special categories, e.g. property taxes and stamp duties. Other Taxes collected Other taxes collected include all other taxes collected not mentioned in one of the special categories, e.g. stamp duties collected on behalf of policyholders or other customers. Taxes collected on payments to policyholders and other customers In some countries, we are required to deduct tax from annuity/pension payments made to our policyholders and remit this to the relevant tax authority. Additionally, Allianz is required to deduct taxes from other insurance or bank/ investment product payments for our other customers and remit this to the relevant tax authority. The tax rates differ from country to country. In general, the policyholders/other customers are allowed to credit this tax on their personal income tax liability. Total Tax Contribution The total amount of taxes paid and collected, taking into account all tax types. Value Added Tax (VAT) borne Allianz Group incurs VAT and similar sales taxes on goods and services that it purchases. In most countries, insurance products are exempt from VAT and sales tax; therefore, our insurance businesses can usually only recover a small portion of the VAT and sales tax incurred, while the non-recoverable part results in a cost to the Group. Value Added Tax (VAT) collected VAT is a type of indirect tax levied on certain revenues of Allianz acting as entrepreneur and is remitted to the nominated tax office. Wage Taxes and Social Security Contributions borne Wage taxes borne include income taxes and social security contributions (employer share). Wage Taxes and Social Security Contributions collected Wage taxes are collected on behalf of our staff and which we are required to withhold from wages; they are usually calculated as a percentage of the salaries we pay and include income taxes and social security contributions (employee share). Allianz Group Tax Transparency Report 2021 12