Income Taxes

3 Months Ended

Mar. 31, 2022

GREENLIGHT BIOSCIENCES HOLDINGS, PBC [Member]

Income Taxes

15. INCOME TAXES

The Company did not record income tax expense for the three months ended March 31, 2022 or the three months ended March 31, 2021 due to the Company’s historical net operating losses, forecasted continued net operating losses, and the Company’s recognition of a full valuation allowance.

The effective tax rate differs from the statutory rate, primarily due to the Company’s history of incurring losses, which have not been benefited, and other permanent differences. Realization of deferred tax assets is dependent upon future earnings, if any, the timing and amount of which are uncertain.