Deferred tax (Tables)

12 Months Ended

Dec. 31, 2022

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Schedule of NetDeferred Tax Assets and Liabilities has been Recognized

	2022		2021
Deferred tax assets	1,827		131
Deferred tax liabilities		4		1,559
Total net deferred tax liability / (asset)		(1,823)		1,428

The change from a net deferred tax liability at December 31, 2021 to a net deferred tax asset at December 31, 2022 is mainly the result of market movements on financial assets and the classification of Aegon the Netherlands as held for sale and discontinued operations, refer to note 51 Discontinued operations.

Deferred tax assets comprise temporary differences on:	2022			2021
Real estate		(15	)		-
Financial assets		737			(7	)
Insurance and investment contracts		1,515			(8	)
Deferred expenses, VOBA and other intangible assets		(2,350	)		(133	)
Defined benefit plans		199			3
Tax losses and credits carried forward		1,288			264
Other		454			11
At December 31		1,827			131

Deferred tax liabilities comprise temporary differences on:	2022		2021
Real estate		-		776
Financial assets		-		1,816
Insurance and investment contracts		-		(1,410	)
Deferred expenses, VOBA and other intangible assets		1		1,573
Defined benefit plans		-		(151	)
Tax losses and credits carried forward		-		(754	)
Other		3		(291	)
At December 31		4		1,559

Summary of Deferred Tax

The following table provides a movement schedule of net deferred tax broken-down by those items for which a deferred tax asset or liability has been recognized.

	Real estate			Financial assets			Insurance and invest- ment contracts			Deferred expens- es, VOBA and other intangible assets			Defined benefit plans			Tax losses and credits carried forward			Other			Total
At January 1, 2022		776			1,823			(1,402	)		1,706			(154	)		(1,018	)		(303	)		1,428
Charged to income statement		(75	)		400			(336	)		563			(187	)		184			(158	)		391
Charged to OCI		(0	)		(3,213	)		-			-			248			-			1			(2,964	)
Net exchange differences		1			180			(72	)		88			(12	)		(24	)		(13	)		147
Disposal of a business		(1	)		1			3			(5	)		-			-			2			(0	)
Transfers to disposal groups		(685	)		168			195			(1	)		(94	)		(454	)		26			(845	)
Transfer (to)/from current income tax		-			-			-			-			-			25			-			25
Transfer (to) /from other headings		-			(95	)		97			-			-			-			(3	)		(1	)
Other		-			-			-			-			-			(1	)		(3	)		(3	)
At December 31, 2022		15			(737	)		(1,515	)		2,351			(199	)		(1,287	)		(450	)		(1,823	)
At January 1, 2021		663			2,156			(1,533	)		1,433			(206	)		(823	)		(366	)		1,323
Charged to income statement		113			(113	)		217			162			(32	)		(140	)		54			260
Charged to OCI		(1	)		(359	)		-			-			100			-			(1	)		(261	)
Net exchange differences		1			167			(86	)		112			(15	)		(56	)		(20	)		103
Transfer (to)/from current income tax		-			-			-			-			-			2			-			2
Transfer (to)/from other headings		-			(29	)		-			-			-			(1	)		30			-
At December 31, 2021		776			1,823			(1,402	)		1,706			(154	)		(1,018	)		(303	)		1,428

Schedule of Loss Carryforward period and Deferred Corporate Income Tax Assets Not Recognized

For the following amounts, arranged by loss carry forward periods, the deferred tax asset is not recognized:

	Gross amounts1)				Not recognized deferred tax assets
	2022		2021		2022		2021
< 5 years		58		62		16		15
≥ 5 – 10 years		9		24		2		4
≥ 10 – 15 years		-		-		59		55
≥ 15 – 20 years		-		-		-		-
Indefinitely		655		598		169		151
At December 31		721		684		247		224

1 The gross value of state tax loss carry forward is not summarized in the disclosure, due to the fact that the United States files in different state jurisdictions with various applicable tax rates and apportionment rules

Summary of Deferred Corporate Income Tax Asset

	Gross amounts				Deferred tax assets
	2022		2021		2022		2021
Deferred corporate income tax asset dependent on retaining bonds and similar investments until the earlier of market recovery or maturity		6,265		-		1,306		-
Deferred corporate income tax asset dependent on future taxable profits		27		32		7		8
At December 31		6,292		32		1,313		8