100
The prevailing income tax rates in the different jurisdictions where the Group has significant operations are as follows:
Country
Nominal Rate
Country
Nominal Rate
Argentina
(1)
35.0%
Romania
16.0%
Colombia
(1)
34.0%
Poland
19.0%
Chile
22.5%
Switzerland
7.8%
Panama
25.0%
Dominican Rep.
19.0%
Brazil
34.0%
Luxembourg
29.2%
Mexico
30.0%
Italy
31.7%
Uruguay
25.0%
The Netherlands
25.0%
Dominican Republic
28.0%
France
33.3%
Germany
30.0%
Portugal
31.5%
(1) Jurisdictions in which there is a minimum taxable income.
The reconciliation between the consolidated comprehensive profit or loss statements, the corporation tax base, current and deferred tax for the
year, is as follows:
Thousands of euros
2015
2014
Spain Italy Germany
The
Netherlands
(1)
Latin
America
(2)
Luxembourg Romania Switzerland Czech R. Poland Portugal Others TOTAL Spanish
Companies
Other
Companies
Consolidated
comprehensive
profit and loss
statements
before taxes
(65,136) 45,527 (4,433)
21,182 23,824 1,762
454 (6,715)
284 63
20 (444) 16,388 (75,876)
49,538
Adjustments to
consolidated
comprehensive
profit and loss:
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
Accounting
consolidation
adjustments
(14,378)
-
4,765
-
-
-
-
-
-
-
-
-
(9,613)
(25,339)
9,445
Due to
permanent
differences
45,163 (12,766) 4,403 7,862 2,327 (1,575)
10
-
-
-
(16)
-
45,408 35,823 (20,560)
Due to
temporary
differences
(16,116) (16,245) (3,016)
1,276
572
-
-
34
-
-
-
-
(33,495)
17,225 (4,163)
Tax base
(Taxable profit
or loss)
(50,467) 16,516 1,720 30,321
26,723
186
464 (6,681)
284 64
4 (444) 18,690 (48,167)
34,256
Current taxes
to be refunded
/ (to pay)
1,004 512
13
2,060 7,705
-
-
-
-
-
1
-
11,295 (1,088)
5,431
Total current
tax income /
(expense)
11,455 (7,607) (516)
(7,580) (7,830)
(54)
(74)
(58)
-
(12)
(1)
(41) (12,318)
11,275 (14,544)
Total deferred
tax income /
(expense)
(4,029) (5,523) (905)
319
167
-
-
3
-
-
-
-
(9,968)
3,914
(904)
Total income
/ (expense)
due to tax rate
changes
-
9,204 -
-
-
-
-
-
-
-
-
-
9,204 (14,562)
(789)
:
Total
Corporation
Tax income /
(expense)
7,426 (3,926) (1,421)
(7,261) (7,663)
(54)
(74)
(55)
-
(12)
(1)
(41) (13,082)
626 (16,237)
(1) The Netherlands business area includes Belgium and France.
(2) The Latin America business area includes the profits and losses obtained by the Group in Argentina, Mexico, Uruguay, the Dominican Republic, Colombia, Chile, Panama and Brazil.
Financial years subject to tax inspection
In accordance with Spanish tax legislation, the years open for review to the Consolidated Tax Group are:
Tax
Pending Periods
Corporation
2014
VAT
2014 and 2015
IRPF (personal income tax)
2014 and 2015
Non-resident Income Tax
2014 and 2015
REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS
