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MEDIASET ESPAÑA COMUNICACIÓN, S.A.
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.
On January 13, 2016, notification was received from the SpanishTax 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)
Periods
Income tax
2011 a 2014
Value added tax
2012 a 2014
Withholdings/Payments on account/Professionals
2012 a 2014
Withholding, non-resident income tax
2012 a 2014
February 9, 2016 was set for the first appearance.
The following Company items and periods are open to inspection:
Item(s)
Periods
Income tax
2011 a 2014
Value added tax
2012 a 2015
Withholding, non-resident income tax
2012 a 2015
Gaming tax (*):
Until June 2012
Annual transaction statement
2011 a 2015
Consolidated statement of intra-regional delivery and acquisition of assets
2012 a 2015
(*) Commencing this date, this activity is carried out by another group company
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 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.
Based on the best interpretation of current legislation, the Company’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
Company’s transactions.Therefore, the accompanying balance sheet does not include a provision for tax contingencies.