24 Income taxes
Income taxes for the period, with an amount of €229 million (€283 million in the first semester of 2015), can be analysed as follows:
| Download XLS (17 kB) |
|
First half |
||||||
|
2015 |
2016 |
|||||
(millions of €) |
IRES |
IRAP |
Other Taxes |
Total |
IRES |
IRAP |
Total |
Current taxes |
255 |
43 |
12 |
310 |
226 |
39 |
265 |
Current taxes for the period |
255 |
43 |
12 |
310 |
226 |
39 |
265 |
Deferred and prepaid taxes |
(27) |
|
|
(27) |
(28) |
(8) |
(36) |
Deferred taxes |
(25) |
(1) |
|
(26) |
(20) |
(8) |
(28) |
Prepaid taxes |
(2) |
1 |
|
(1) |
(8) |
|
(8) |
|
228 |
43 |
12 |
283 |
198 |
31 |
229 |
The impact of taxes on pre-tax profit for the period (tax rate) is 30.3% (31.6% in the first half of 2015) in view of the theoretical tax rate of 31.0% (31.0% in the first half of 2015), which is obtained by applying the statutory tax rate of 27.5% (IRES) to pre-tax profit and 3.5% (IRAP) to the net value of production.