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CONSOLIDATED FINANCIAL STATEMENTS AND CONSOLIDATED MANAGEMENT REPORT 2015
20. TAX MATTERS
20.1. 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 (Note 4.21).
The Group’s other subsidiaries file individual tax returns in accordance with the tax legislation in force.
20.2. Years open to tax inspection
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.
On January 13, 2016, notification was received from the Spanish Tax Authorities and customs control department of
the central office of major taxpayers that a tax inspection proceeding had been opened for the following items and
years open to inspection:
Item(s)
Years
Income Tax
2011 a 2014
Value added tax
2012 a 2014
Withholdings/Payments on account/Professionals
2012 a 2014
Withholdings, non-resident income tax
2012 a 2014
The following Group items and periods are open to inspection:
Item(s)
Years
Income Tax
2011 a 2014
Value added tax
2012 a 2015
Withholding, non-resident income tax
2012 a 2015
Gaming tax
2012 a 2015
Annual transaction statement
2012 a 2015
Consolidated statement of intra-regional delivery and acquisition of assets
2012 a 2015
In 2013 the verification procedures carried out by the Spanish Tax Authorities’Tax and Customs Control Department
of the Central Office of MajorTaxpayers 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 21.1) 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.
Based on the best interpretation of current legislation, the parent’s directors and tax advisors consider that no significant
tax contingencies would arise as a result of varying interpretations of the tax legislation applicable to the Group’s
transactions.
Therefore, the accompanying consolidated statement of financial position does not include a provision for tax
contingencies.