Section 20 - Income taxes for the year relating to current operations - Item 290

20.1 Income taxes for the year relating to current operations: breakdown

Income components/Sectors 31.12.2015 31.12.2014
1. Current tax expense (-) (80.121) (50.656)
2. Changes in current taxes of previous years (+/-) (242) -
3. Reductions in current taxes for the year (+) - -
3.bis Reductions in current tax for the year for tax credits as per Law n. 214/2011 (+) - -
4. Changes in deferred tax assets (+/-) 952 4.388
5. Changes in deferred tax liabilities (+/-) (4.212) (2.799)
6. Tax expense for the year (-) (-1+/-2+3+3 bis+/-4+/-5) (83.623) (49.067)

20.2 Reconciliation between theoretical tax charges and effective tax charges for the year

Items/Components 31.12.2015
Pre-tax profit (loss) for the year from continuing operations 245.589
Corporate tax – theoretical tax charge (36%) (67.537)
- Effect of non-taxable income and other reductions - permanent 3.384
- Effect of undeductible expenses and other increases – permanent (3.627)
- Benefits from the application of national tax consolidation -
- Non-current corporate tax (IRES) 5
- Deferred non-current corporate tax (327)
- Reconciliation between tax and statutory amounts -
- Effect of changes in tax rates on deferred taxes -
Corporate tax – Effective tax charges (68.102)
Regional tax on productivity (IRAP) – theoretical tax charges (5,57%) (13.679)
- Effect of income/charges that are not part of the taxable base (1.502)
- Effect of other changes 217
- Non-current regional tax on productivity (IRAP) (247)
Regional tax on productivity (IRAP) – Effective tax charges (15.211)
Other taxes (310)
Effective tax charges for the year (83.623)