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FINANCIAL STATEMENTS, MANAGEMENT AND CORPORATE GOVERNANCE REPORT.
2011
19.TAX MATTERS
19.1. Consolidated tax group
Pursuant to current legislation, the ConsolidatedTax Group includes Mediaset España Comunicación, S.A., as the Parent,
and the Spanish subsidiaries that meet the requirements provided for in Spanish legislation regulating the taxation of the
consolidated profits of corporate groups.
The Group’s other subsidiaries file individual tax returns in accordance with the tax legislation in force in each country.
19.2 Years open to tax inspection
Under prevailing tax regulations, tax returns may not be considered final until they have either been inspected by tax
authorities or until the four-year inspection period has expired.
Under prevailing tax regulations, tax returns may not be considered final until they have either been inspected by the tax
authorities or until the four-year inspection period has prescribed. Once the Spanish Tax Authorities’Tax and Customs
Control Depar tment of the Central Office of MajorTax Payers had performed its verifications and investigations in 2009,
the Group has the following items and years open to inspection:
Item (s)
Years
Income Tax
2008 to 2011
Value added tax
2008 to 2011
Withholdings, non-resident income tax
2008 to 2011
Gaming tax: bets and promotional draws
06/2008 to 2011
Taxes on games of luck, betting, and chance: raffles and tombola
06/2008 to 2011
Annual transaction statement
2008 to 2011
Consolidated statement of intra-regional delivery and acquisition of assets
2008 to 2011
The Group has the last four years open to inspection of all other applicable taxes. Based on the best interpretation of
current legislation, the Parent’s directors and tax advisors consider that in the event of a tax inspection, no significant
tax contingencies would arise as a result of varying interpretations of the tax legislation applicable to the Group’s
transactions.
19.3. Balances relating to Public Authorities
The breakdown of balances relating to Public Authorities is as follows: