Page 71 - MEDIASET ESPAÑA / 2013. Financial Statements, Management and Corporate Governance Report

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MEDIASET ESPAÑA COMUNICACIÓN, S.A.
NOTES TOTHE FINANCIAL STATEMENTS FOR THEYEAR ENDED DECEMBER 31, 2013
(Thousands of euros)
15. TAXES
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.The Company is open to inspection of all taxes to which
it is liable for the last four years. Once the SpanishTax Authorities’Tax and Customs Control Department of the Central
Office of Major Tax Payers had performed its verifications and investigations in 2009 (as explained in the above note),
the Company has the following items and years open to inspection:
Item(s) Periods
Income tax 2009 to 2013
Value added tax 2010 to 2013
Withholding, non-resident income tax 2010 to 2013
Gaming tax: bets and promotional draws: 2012 to 2013
Taxes on games of luck, betting and chance: raffles and tombola 2012 to 2013
Annual transaction statement 2009 to 2013
Consolidated statement of intra-regional delivery and acquisition of assets 2010 to 2013
In 2013 the verification procedures carried out by the SpanishTax Authorities’Tax and Customs Control Department of
the Central Office of Major Taxpayers on the following items finalized: “Taxes on games of luck, bets, or chance: raffles
and tombolas” as well as “Gaming tax: bets and promotional draws” for June, 2008 to December 2011. Assessments
raised totaling 9,029 thousand euros (Note 16) and the proposed settlement refer to Company transactions carried
out in close observance of the criteria established by the tax authorities (more specifically the inspectors) arising from
previous inspections and related to the same items and transactions identical in nature, and therefore, the parent’s
directors and tax advisors consider, there are solid arguments in the Company’s defense for applying the above criteria
in both lawsuits and appeals, and consequently obtaining a favorable result.
The Company has the last four years open to inspection of all other applicable taxes. Based on the best interpretation
of current legislation, the Company’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 Company’s transactions. Therefore, the accompanying balance sheet does not include a provision for tax
contingencies.
Value Added Tax
In 2010, the Company has filed consolidated tax as regulated by Chapter IX,Title IX of Law 37/1992. As a result, it has
presented consolidated VAT for tax group 049/99, which comprises:
• Mediaset España Comunicación, S.A., as the parent
• Telecinco Cinema, S.A.U.
• Publiespaña, S.A.U.
• Mediacinco cartera, S.L.