10. Current income tax assets/liabilities and other current tax assets/liabilities
Current income tax assets/liabilities and other current tax assets/liabilities break down as follows:
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(€ million) |
31.12.2015 |
31.12.2016 |
Current income tax assets |
54 |
26 |
- IRES |
32 |
21 |
- IRAP |
8 |
4 |
- Tax credits on withholding tax on foreign dividends |
12 |
|
- Other assets |
2 |
1 |
Other current tax assets |
8 |
6 |
- VAT |
2 |
4 |
- Other taxes |
6 |
2 |
|
62 |
32 |
|
|
|
Current income tax liabilities |
(1) |
(2) |
- IRES |
|
|
- IRAP |
(1) |
(2) |
Other current tax liabilities |
(50) |
(8) |
- IRPEF withholdings for employees |
(13) |
(6) |
- VAT |
(35) |
|
- Other taxes |
(2) |
(2) |
|
(51) |
(10) |
Current income tax assets of €26 million (€54 million at 31 December 2015) mainly involve IRES receivables (€21 million) following the excess amount paid under the national tax consolidation scheme (€13 million) and additional IRES (€8 million).
Other current tax assets, amounting to €6 million (€8 million at 31 December 2015) mainly refer to VAT receivables (€4 million) and receivables for consumption tax (€1 million).
Other current tax liabilities of €8 million (€50 million at 31 December 2015) mainly relate to IRPEF (personal income tax) withholdings for employees (€6 million).
Taxes pertaining to the year under review are shown in Note 29 – “Income taxes”.