Annual Financial Review

6. INCOME TAX 7. In HK$ million Current income tax: Hong Kong profits tax Overseas tax Movement of deferred income tax 2020 2021 417 477 17 15 421 505 855 997 Hong Kong profits tax is provided at the rate of 16.5% (2020: 16.5%) on the estimated assessable profits for the year. Overseas tax is calculated on the estimated assessable profits for the year at the rates of taxation prevailing in the respective jurisdictions. DISTRIBUTIONS/DIVIDENDS In HK$ million Interim distribution/dividend declared and paid in respect of the current year of 30.70 HK cents (2020: 30.10 HK cents) per Share Stapled Unit/ordinary share of the Company Less: distribution/dividend for Share Stapled Units/ ordinary shares of the Company held by the Share Stapled Units award schemes 2020 2021 2,280 2,326 (1) (1) 2,279 2,325 Final distribution/dividend declared in respect of the previous financial year, approved and paid during the year of 40.97 HK cents (2020: 40.37 HK cents) per Share Stapled Unit/ordinary share of the Company Less: distribution/dividend for Share Stapled Units/ ordinary shares of the Company held by the Share Stapled Units award schemes 3,058 3,104 (1) (1) 3,057 3,103 5,336 5,428 For the year ended December 31, 2021, the Company proposed a final dividend of 42.07 HK cents per ordinary share, totaling HK$3,187 million (2020: 40.97 HK cents per ordinary share, totaling HK$3,104 million) to the HKT Trust after the end of the reporting period. For the year ended December 31, 2021, the HKT Trust proposed a final distribution of 42.07 HK cents per Share Stapled Unit, totaling HK$3,187 million (2020: 40.97 HK cents per Share Stapled Unit, totaling HK$3,104 million) to holders of Share Stapled Units after the end of the reporting period. The final distribution/dividend proposed after the end of the reporting period, referred to above, is not recognized as a liability as at the end of the reporting period. 27

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