b"STAATSOLIE MAATSCHAPPIJ SURINAME N.V.NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2021 (Continued)3.3 INCOME TAXThemajorcomponentsofincometaxareasfollows:Consolidated statement of profit or loss(X US$ 1,000) 2021 2020Current income tax:Current tax expense (85,698) (28,516)Deferred tax:Tax(expense)/incomerelatingtooriginationandreversalof(7,509) 1,698temporary differencesIncome tax expense reported in the consolidated statement of (93,207)(26,818)profit or loss (net)AreconciliationbetweentaxexpenseandtheaccountingprofitmultipliedbyStaatsoliesdomestictaxrateisas follows.(X US$ 1,000) 2021 2020Accountingprofitbeforeincometax 212,705 98,004Taxatapplicablestatutoryrate (100,990) (28,457)Reinvestmentreserve 9,503 2,527Ventrin'sdeferredtaxlossesnotrecognized (649) (237)Difference in deferred tax and income tax rates 1,617 (768)Hyperinlationadjustment (2,377)Othermovements (311)117 Total tax charge(93,207)(26,818)Effectivetaxrate 43.8% 27.4%112 STAATSOLIE 2021 ANNUAL REPORT"