Income tax (Tables)

12 Months Ended

Dec. 31, 2021

Statement [LineItems]

Components of Income Tax for Period (Income) / Charge

	Note		2021			2020			2019
Current tax
Current year				116			(105	)		118
Adjustments to prior years				(5	)		(205	)		(14	)
				111			(310	)		103
Deferred tax		40
Origination / (reversal) of temporary differences				296			(99	)		68
Changes in tax rates / bases				(32	)		(11	)		33
Changes in deferred tax assets as a result of recognition /write off of previously not recognized / recognized tax losses,tax credits and deductible temporary differences				(5	)		12			4
Non-recognition of deferred tax assets				9			7			17
Adjustments to prior years				(6	)		171			(8	)
				260			81			114
Income tax for the period (income) / charge				371			(229	)		217

Summary of Reconciliation Between Standard and Effective Income Tax

Adjustments to prior years include shifts between current and deferred tax.

Reconciliation between standard and effective income tax:	2021			2020			2019
Result before tax		2,400			(364	)		1,453
Income tax calculated using weighted average applicable statutory tax rates		508			(99	)		292
Difference due to the effects of:
Non-taxable income		(69	)		(46	)		(76	)
Non-tax deductible expenses		21			22			22
Changes in tax rate/base		(32	)		(1	)		33
Tax credits		(48	)		(57	)		(67	)
Other taxes		38			(2	)		57
Adjustments to prior years		(11	)		(33	)		(22	)
Change in uncertain tax positions		(16	)		-			-
Changes in deferred tax assets as a result of recognition / write off of previously not recognized / recognized tax losses, tax credits and deductible temporary differences		(5	)		12			4
Non-recognition of deferred tax assets		9			7			17
Tax effect of (profit) / losses from joint ventures and associates		(18	)		(17	)		(11	)
Other		(5	)		(4	)		(32	)
		(137	)		(130	)		(75	)
Income tax for the period (result) / charge		371			(229	)		(217	)

Summary of Income Tax Related to Components of Other Comprehensive Income and Retained Earning

The following tables present income tax related to components of other comprehensive income and retained earnings.

	2021			2020			2019
Items that will not be reclassified to profit and loss:
Changes in revaluation reserve real estate held for own use		1			(2	)		1
Remeasurements of defined benefit plans		(102	)		140			90
		(101	)		138			92
Items that may be reclassified subsequently to profit and loss:
(Gains) / losses on revaluation of available-for-sale investments		222			(666	)		(726	)
(Gains) / losses transferred to the income statement on disposal and impairment of available-for-sale investments		100			2			94
Changes in cash flow hedging reserve		47			54			3
Movement in foreign currency translation and net foreign investment hedging reserve		3			(7	)		(5	)
		372			(616	)		(634	)
Total income tax related to components of other comprehensive income		270			(479	)		(542	)

		2021		2020		2019
Income tax related to equity instruments and other
Income tax related to equity instruments	31		13		18		51
Other			3		1		(1	)
Total income tax recognized directly in retained earnings			16		19		50

Aegon N.V [member]

Statement [LineItems]

Components of Income Tax for Period (Income) / Charge

	2021			2020
Current Tax
Current Tax		54			39
Income tax for the period (result) / charge		54			39
Reconciliation between standard and effective tax
Result before tax		(193	)		(185	)
Tax on result on Dutch corporate result tax rate		48			46
Differences due to the effect of:
Tax rate changes		4			-
Change in uncertain tax positions		8			-
Non deductible expenses		(7	)		(7	)
Total		54			39