TAXES ON INCOME

12 Months Ended

Dec. 31, 2023

Disclosure Of Income Taxes [Abstract]

TAXES ON INCOME

NOTE 13 – TAXES ON INCOME

a. Corporate taxation

The taxable income of BioLineRx Ltd., not subject to benefits as detailed below, is taxed at the standard Israeli corporate tax rate, which was 23% for all years included in these financial statements. The taxable income of BioLineRx USA, Inc. is subject to a federal tax rate of 21%.

b. Tax loss carryforwards

As of December 31, 2023, the tax loss carryforwards of BioLineRx Ltd. were approximately $304 million. The tax loss carryforwards have no expiration date.

c. Tax assessments

In accordance with Israeli tax regulations, the tax returns filed by BioLineRx Ltd. through the 2020 tax year are considered final.

d. Theoretical taxes

The Company has not recognized any deferred tax assets in the financial statements, as it does not expect to generate taxable income in the foreseeable future. The reported tax on the Company’s income before taxes differs from the theoretical amount that would arise using the weighted average tax rate applicable to income of the consolidated entities as follows:

	Year ended December 31,
	2021						2022						2023
				in USD						in USD						in USD
				thousands						thousands						thousands
Loss before taxes		23.0	%		(27,045	)		23.0	%		(24,951	)		23.0	%		(60,614	)
Theoretical tax benefit					(6,220	)					(5,739	)					(13,941	)
Disallowed deductions (tax exempt income):
Loss (gain) on adjustment of warrants to fair value					480						(1,478	)					2,542
Share-based compensation					343						516						534
Impairment of intangible asset					-						-						1,542
Other					11						11						11
Increase in taxes for tax losses and timing differences incurred in the reporting year for which deferred taxes were not created					5,386						6,690						9,312
Taxes on income for the reported year					-						-						-