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MEDIASET ESPAÑA COMUNICACIÓN, S.A. AND SUBSIDIARIES
2014
Taxable income
65,433
Tax payable (30%)
19,630
Utilization of unused tax losses
(4,907)
Deductions and rebates
(4,949)
Withholdings
(12,328)
Total income tax refund
(2,554)
Refundable Income tax is as follows:
2015
2014
Corporate income tax refundable, 2013
-
9,905
Corporate income tax refundable, 2014
2,524 2,554
Corporate income tax refundable, 2015
6,879
-
Total
9,403 12,459
20.5. Deferred taxes
Corporation tax Law 27/2014, of November 27, modified the general tax rate to 28% in 2015, and 25% for subsequent
years. As a result, the Company adjusted the deferred tax assets and liabilities from prior years based on the prevailing
rate at the estimated reversal date. The effect of this adjustment in 2015 was a credit of 307 thousand euros (charge
of 14,372 thousand euros in 2014).
2015
Balance at
12/31/14
Income statement
Income and expenses
directly recognized
in equity
Balance at
12/31/15
Increases Decreases
Deferred tax assets
Provision for litigation
634
172
-
-
806
Depreciation deductibility limit
26,986
-
(20,690)
-
6,296
Loss - investees
5,183
460
-
-
5,643
Other concepts
2,285
2,299
(19)
-
4,565
Unused tax deductions
53,934
-
(2,428)
-
51,506
Loss carryforwards
75,760
-
(10,070)
-
65,690
Total deferred tax assets
164,783
2,931 (33,207)
-
134,507