10 Current income tax assets/liabilities and other current tax assets/liabilities
Income tax assets/liabilities and other tax assets/liabilities break down as follows:
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|
(€ million) |
31.12.2013 |
31.12.2014 |
|
Current income tax assets |
15 |
48 |
|
- IRES |
7 |
35 |
|
- IRAP |
8 |
13 |
|
Other current tax assets |
8 |
10 |
|
- IVA |
3 |
2 |
|
- Altre imposte |
5 |
8 |
|
|
23 |
58 |
|
Current income tax liabilities |
(95) |
(1) |
|
- IRES |
(92) |
(1) |
|
- IRAP |
(3) |
|
|
Other current tax liabilities |
(47) |
(20) |
|
- IVA |
(34) |
(6) |
|
- IRPEF withholdings for employees |
(12) |
(13) |
|
- Other taxes |
(1) |
(1) |
|
|
(142) |
(21) |
Current income tax assets of €48 million (€15 million at 31 December 2013) relate mainly to: (i) higher IRES payments on account in relation to the national tax consolidation scheme (€15 million); (ii) receivables for higher advance tax payments made in relation to additional IRES (€14 million); and (iii) IRAP receivables (€13 million).
Other current tax assets of €10 million (€8 million at 31 December 2013) refer essentially to stamp duty refund requests made to the tax authorities (€5 million).
Other current tax liabilities of €20 million (€47 million at 31 December 2013) mainly relate to IRPEF (personal income tax) withholdings for employees (€13 million) and VAT payables (€6 million).
Taxes pertaining to the year under review are shown in Note 30 – “Income taxes”.