Tax Cockpit and KPI Definitions
Beispiel
Global Tax Group (GTG)
Tax Cockpit
Tax Cockpit – 1. Dimension: Profitability
Tax Cockpit – 2. Dimension: Liability
Tax Cockpit – 3. Dimension: Risk optimization/Flexibility
Relevant Tax KPIs were precisely defined and can be calculated
by information from Tax Workbook and other pre systems
6
KPIs
Definition
Profitability







effective tax rate
present value of taxes
present value quota
tax on expenses
ordinary tax on ordinary earnings
extraordinary tax on extraordinary earnings
volume of current taxes
= current and deferred tax expenses / earnings before taxes
= tax year 1/(1+i) + tax year 2/(1+i)2 + tax year 3/(1+i)3 ...
= present value tax / present value EBT
= tax expenses / total expenses
= ordinary tax expenses / total ordinary earnings
= extraordinary tax expenses / total extraordinary earnings
= total amount of current taxes
Liquidity







volume of DTA
volume of DTL
tax asset and liability quota
tax cash flow
tax cash flow quota
average duration of deferred tax assets
average duration of deferred tax liabilities
= total amount of DTA
= total amount of DTL
= deferred tax assets / (deferred tax liability + tax provisions)
= cash flow tax
= cash flow tax / cash flow operations
= (Σ deferred tax assets x remaining time in accounts) / deferred tax assets
= (Σ deferred tax liabilities x remaining time in accounts) / deferred tax liabilities
Risk optimization/
Flexibility
Definition of core KPIs






expected value of tax audit losses
volatility of tax audit losses
volatility of ETR
average expiration of TLCF
volume of TLCF
tax provisions for risks
= probability of expected tax payments x expected tax payments
= standard deviation between exp. loss year 1 and average exp. loss over time
= standard dev. between group ETR year 1 and average group ETR over time
= Σ (yearly amount of TLCF x remaining time) / total amount of TLCF
= total amount of TLCF
= tax provisions for risks
Content

Profitability

Liquidity

Risk Optimization and Flexibility
KPI description
Effective tax rate
Goal:
Maximum of profitability
KPI:
Effective tax rate (ETR)
Explanation /
Cause-effect-relations:
Current and deferred tax expenses * 100
The globalization of the capital markets
requires a generally accepted indicator
to assess a company‘s tax position. By
using the ETR a comparison of the tax
positions of internationally acting companies is possible. The ETR is the core
KPI for internal and external communication purposes. Its focus is on current
as well as on future tax expenses (i.e.
deferred taxes).
Net income before tax
Addressees:
Frequency:
- GTG
- Mmanagement
- External stakeholders
8
Definition:
x
x
x
Target figure:
27%
[%]
Usage:
- planning
- forecast
- reporting
-…
- monthly
- quarterly
- yearly
Data source:
Responsibility:
TaxWorkBook
Mr. xy,
x
x
x
.
Level:
x
x
- legal entity
- group
- country
- region
- SBU
x
x
x
x
KPI description
Present value of taxes
Goal:
Maximum of profitability
KPI:
Present value of taxes
Explanation / Cause-effect-relations:
Der Barwert der potenziellen Steuerzahlungen prognostiziert und bewertet
die zukünftigen Steuerzahlungen über
den Planungszeitraum der Gesellschaft
und lässt somit zeitraumübergreifende
Steuerbelastungsvergleiche unterschiedlicher Szenarien zu.
Definition:
Target figure:
Current tax year 1 + Current tax year 2
1+i
(1 + i)2
[Euro]
Die Zielgröße hängt vom jeweiligen
Planungsfokus ab. Wegen des profitabilitätsmindernden Charakters von
Steuern ist generell ein Zielwert von
0 Euro wünschenswert.
Usage:
- planning
- forecast
- reporting
-…
Addressees:
- GTG
- Mmanagement
- External stakeholders
Data source:
TWB
9
x
x
Frequency:
x
x
- monthly
- quarterly
- yearly
Responsibility:
Mr. xy,
Level:
x
- legal entity
- group
- country
- region
- SBU
.
x
.
.
KPI description
Present value quota
Goal:
Maximum of profitability
KPI:
Present value quota
Explanation /
Cause-effect-relations:
Definition:
Present value tax *100
Die Barwertquote setzt den Barwert der
zukünftigen Steuerzahlungen mit dem
Barwert des operativen Ergebnisses in
Relation. Sie enthält somit einen dynamischen Deckungsgrad der Steuerzahlung durch das operative Ergebnis
des betrachteten Unternehmens und
stellt eine dynamisierte, zukünftige
Steuerbelastungsquote dar.
Addressees:
- GTG
- Mmanagement
- External stakeholders
Data source:
TWB,
10
Target figure:
Present value EBT
... %
[%]
Usage:
- planning
- forecast
- reporting
-…
x
x
Frequency:
x
x
- monthly
- quarterly
- yearly
Responsibility:
Mr. xy,
Level:
x
- legal entity
- group
- country
- region
- SBU
x
KPI description
Ordinary tax on ordinary earnings
Goal:
Maximum of profitability
KPI:
Ordinary tax on ordinary earnings
Explanation /
Cause-effect-relations:
Definition:
Ordinary tax expenses * 100
Die gewöhnliche Steueraufwandsquote
ermittelt die Relation zwischen gewöhnlichem Steueraufwand und gewöhnlichem Ergebnis. Sie eliminiert außerordentliche Effekte und stellt damit ein
Maß für die relative steuerliche „Normalbelastung“ des Unternehmens dar.
Addressees:
- GTG
- Mmanagement
- External stakeholders
11
Target figure:
Total ordinary earnings
... %
[%]
Ordinary tax expenses = tax expenses
without extraordinary taxes (as capital
gains tax)
Ordinary earnings = EBT without capital
gains etc.
Usage:
- planning
- forecast
- reporting
-…
x
x
Frequency:
x
- monthly
- quarterly
- yearly
Data source:
Responsibility:
TWB
Mr. xy,
Level:
x
- legal entity
- group
- country
- region
- SBU
x
KPI description
Extraordinary tax on extraordinary earnings
Goal:
Maximum of profitability
KPI:
Extraordinary tax on extraordinary earnings
Explanation /
Cause-effect-relations:
Definition:
Extraordinary tax expenses * 100
Die außerordentliche Steueraufwandsquote stellt die Relation von außergewöhnlichem Steueraufwand zu außerordentlichem Ergebnis dar. Sie macht die
außerordentliche Steuerbelastung durch
einmal auftretende Sondereffekte
transparent und setzt sie mit dem zugehörigen Ergebnisanteil in Beziehung.
Addressees:
- GTG
- Mmanagement
- External stakeholders
12
Target figure:
Total extraordinary earnings
... %
[%]
Extraordinary tax expenses = capital
gain tax + other extraordinary tax
expenses corporate tax + other extraordinary tax expenses local tax
Extraordinary earnings = capital gain +
tax free revenues - extraordinary
expenses
Usage:
- planning
- forecast
- reporting
-…
x
x
Frequency:
x
- monthly
- quarterly
- yearly
Data source:
Responsibility:
TWB
Mr. xy,
Level:
x
- legal entity
- group
- country
- region
- SBU
x
KPI description
Volume of current taxes
Goal:
Maximum of profitability
KPI:
Volume of current taxes
Explanation /
Cause-effect-relations:
Definition:
Total amount of current taxes
Die Summe der laufenden Steuern ist
die originäre Höhe der tatsächlichen
durch Steuerbescheid festgesetzten
Steuern, die entweder schon gezahlt
wurden oder kurzfristig gezahlt werden
müssen. Sie enthält keine rein bilanziell
entstandenen Steuerlatenzen.
Addressees:
- GTG
- Management
- External stakeholders
13
Target figure:
Upper interval limit
Lower interval limit:
[Euro]
Actual tax payments and increase of
tax provisions
... Euro
... Euro
... Euro
Kann nicht pauschal festgelegt werden,
da abhängig vom Planungsobjekt und
von Rahmenbedingungen (z.B. PBT)
Usage:
- planning
- forecast
- reporting
-…
x
x
x
Frequency:
x
x
x
- monthly
- quarterly
- yearly
Data source:
Responsibility:
TWB
Mr. xy,
Level:
x
x
- legal entity
- group
- country
- region
- SBU
x
x
x
x
KPI description
Tax on expenses
Goal:
Maximum of profitability
KPI:
Tax on expenses
Explanation /
Cause-effect-relations:
Definition:
Current + deferred tax expenses * 100
Die Steueraufwandsquote ermittelt den
Anteil des Steueraufwands am Gesamtaufwand des betrachteten Unternehmens. Sie ermöglicht so einen Aufwandsstrukturvergleich zwischen
unterschiedlichen Unternehmen.
Target figure:
Total expenses
[%]
Usage:
- planning
- forecast
- reporting
-…
Addressees:
- GTG
- Management
- External stakeholders
14
... %
x
x
Frequency:
x
- monthly
- quarterly
- yearly
Data source:
Responsibility:
TWB
Mr. xy,
Level:
x
- legal entity
- group
- country
- region
- SBU
x
x
KPI description
Volume of current taxes
Goal:
Maximum of profitability
KPI:
Volume of deferred taxes
Explanation /
Cause-effect-relations:
Definition:
Latente Steuern ergeben sich aus der
Differenz von Steuerbilanz und
Handelsbilanz. Die Veränderung dieser
temporären Differenzen zwischen zwei
Perioden fließt als Ertrag oder Aufwand
in die Gewinn- und Verlustrechnung.
Volume of deferred differences
movement * tax rate
Target figure:
[Euro]
Volume of deferred taxes = movement of
DTL – movement of DTA
Usage:
- planning
- forecast
- reporting
-…
Addressees:
- GTG
- Mmanagement
- External stakeholders
15
... Euro
x
x
x
Frequency:
x
x
x
- monthly
- quarterly
- yearly
Data source:
Responsibility:
TWB
Mr. xy,
Level:
x
x
- legal entity
- group
- country
- region
- SBU
x
x
x
x
KPI description
Non-tax-deductible expenses (NTDE)
Goal:
Maximum of profitability
KPI:
Non-tax-deductible expenses (NTDE)
Explanation /
Cause-effect-relations:
Definition:
A tax deduction or a tax-deductible
expense represents an expense incurred
by a taxpayer that is subtracted from
gross income and results in a lower
overall taxable income, no tax
exemption.
Total amount of expenses, which are
not tax deductible
Target figure:
Upper interval limit
Lower interval limit:
Kann nicht pauschal festgelegt werden,
da abhängig von gesetzlichen Rahmenbedingungen
[Euro]
Usage:
- planning
- forecast
- reporting
-…
Addressees:
- GTG
- Management
- External stakeholders
16
... Euro
... Euro
... Euro
x
x
x
Frequency:
x
x
- monthly
- quarterly
- yearly
Data source:
Responsibility:
TWB, statutory requirements
Mr. xy, GTG
Level:
x
x
- legal entity
- group
- country
- region
- SBU
x
x
x
KPI description
Tax exempt income
Goal:
Maximum of profitability
KPI:
Tax exempt income
Explanation /
Cause-effect-relations:
Definition:
Many types of income and benefits may
be exempt from income taxes to some
limited extent, because of how they were
received, such as educational
scholarships, gifts, inheritances, combat
pay to military personnel, income from
local bonds, employee discounts,
payments for personal injuries, and life
insurance proceeds.
Addressees:
- GTG
- Management
- External stakeholders
17
Total amount of income, for which no
taxes have to be paid
Target figure:
Upper interval limit
Lower interval limit:
... Euro
... Euro
... Euro
Kann nicht pauschal festgelegt werden,
da abhängig von gesetzlichen Rahmenbedingungen
[Euro]
Usage:
- planning
- forecast
- reporting
-…
x
x
x
Frequency:
x
x
- monthly
- quarterly
- yearly
Data source:
Responsibility:
TWB, statutory requirements
Mr. xy, GTG
Level:
x
- legal entity
- group
- country
- region
- SBU
x
x
KPI description
Withholding taxes (WHT)
Goal:
Maximum of profitability
KPI:
Volume of withholding taxes (WHT)
Explanation / Cause-effect-relations:
WHT is an amount withheld by the party
making payment to another (payee) and
paid to the taxation authorities. The
payee is assessed on the gross amount,
and the tax to be withheld is computed in
that assessment. The purpose of WHT is
to facilitate or accelerate collection, by
collecting tax from payers rather than a
much greater number of payees, and by
collecting tax from payers within the
jurisdiction rather than payees who may
be outside the jurisdiction.
Definition:
Addressees:
Frequency:
- GTG
- Management
- External stakeholders
18
x
Total amount of withholding taxes
Target figure:
Upper interval limit
Lower interval limit:
... Euro
... Euro
... Euro
[Euro]
Usage:
- planning
- forecast
- reporting
-…
- monthly
- quarterly
- yearly
Data source:
Responsibility:
TWB
Mr. xy, GTG
x
x
Level:
x
- legal entity
- group
- country
- region
- SBU
x
x
KPI description
Tax credits
Goal:
Maximum of profitability
KPI:
Tax credits
Explanation / Cause-effect-relations:
Within the Australian, Canadian, UK,
French, and US tax systems, a tax credit
is a recognition of partial payment
already made towards tax due. This
situation arises e.g., when standard rate
tax has been deducted at source (WTH),
but the tax-payer is subject to further
taxation at a higher rate. It also applies in
dividend imputation systems. In some
countries (e.g. UK), "tax credit" refers to
tax treated as deducted at source, which
has not actually been deducted or paid.
Definition:
Addressees:
Frequency:
- GTG
- Mmanagement
- External stakeholders
19
x
Target figure:
Upper interval limit
Lower interval limit:
Total amount of tax credits
[Euro]
... Euro
... Euro
... Euro
Usage:
- planning
- forecast
- reporting
-…
- monthly
- quarterly
- yearly
Data source:
Responsibility:
TWB, statutory requirements
Mr. xy, GTG
x
x
Level:
x
- legal entity
- group
- country
- region
- SBU
x
x
Content

Profitability

Liquidity

Risk Optimization and Flexibility
KPI description
Volume of deferred tax assets
Goal:
Satisfactory level of liquidity
KPI:
Volume of deferred tax assets (DTA)
Explanation /
Cause-effect-relations:
Definition:
Total amount of DTA
Die Höhe der aktiven latenten Steuern
bildet sich aus der Differenz zwischen
handelsrechtlichen und steuerrechtlichen
Wertansätzen von Bilanzaktiva oder
Bilanzpassiva, die zu potenziellen
Steuerrückerstattungen in Zukunft
führen. Sie stellen somit potenzielle
Ansprüche gegenüber dem Fiskus dar.
Addressees:
- GTG
- Management
- External stakeholders
21
[Euro]
∑ (IFRS-value – tax book value per
asset) * tax rate, if amount < 0 +
∑ (IFRS-value – tax book value per
liability) * tax rate, if amount > 0
Target figure:
... Euro
Upper interval limit
... Euro
Lower interval limit:
... Euro
Usage:
- planning
- forecast
- reporting
-…
x
x
x
Frequency:
x
x
x
- monthly
- quarterly
- yearly
Data source:
Responsibility:
TWB
Mr. xy, GTG
Level:
x
x
- legal entity
- group
- country
- region
- SBU
x
x
x
x
KPI description
Volume of deferred tax liabilities
Goal:
Satisfactory level of liquidity
KPI:
Volume of deferred tax liabilities (DTL)
Explanation /
Cause-effect-relations:
Definition:
Total amount of DTL
Passive latente Steuern resultieren aus
Wertdifferenzen zwischen handels- und
steuerrechtlichen Wertansätzen von
Bilanzaktiva oder Bilanzpassiva, die zu
potenziellen Steuernachzahlungen
führen. Sie stellen somit eine zukünftige
Steuerlast gegenüber dem Fiskus dar.
Addressees:
- GTG
- Management
- External stakeholders
22
[Euro]
∑(IFRS-Value – tax book value per
asset) * tax rate, if amount > 0 +
∑ (IFRS-value – tax book value per
liability) * tax rate, if amount < 0
Target figure:
... Euro
Upper interval limit
... Euro
Lower interval limit:
... Euro
Usage:
- planning
- forecast
- reporting
-…
x
x
x
Frequency:
x
x
x
- monthly
- quarterly
- yearly
Data source:
Responsibility:
TWB
Mr. xy, GTG
Level:
x
x
- legal entity
- group
- country
- region
- SBU
x
x
x
x
KPI description
Tax asset and tax liability quota
Goal:
Satisfactory level of liquidity
KPI:
Tax asset and tax liability quota
Explanation /
Cause-effect-relations:
Definition:
Deferred tax assets * 100
Das Verhältnis zwischen aktiven und
passiven latenten Steuern zeigt die
bilanzielle Liquiditätswirkung / das
bilanzielle Finanzierungs- bzw. Kapitalbindungspotenzial, das aus den latenten
Steuern herrührt. Ist die Quote größer
als eins zeigt sie gleichzeitig Abschreibungsbedarf der aktiven latenten
Steuern an.
Addressees:
- GTG
- Management
- External stakeholders
23
Deferred tax liabilities + tax provisions
Target figure:
>100 %
[%]
Usage:
- planning
- forecast
- reporting
- ...
x
x
Frequency:
x
- monthly
- quarterly
- yearly
Data source:
Responsibility:
TWB
Mr. xy, GTG
Level:
x
- legal entity
- group
- country
- region
- SBU
x
KPI description
Deferred tax asset valuation allowances
Goal:
Satisfactory level of liquidity
KPI:
Deferred tax asset valuation allowances
Explanation / Cause-effect-relations:
Companies accrue for the tax benefit
expected to be received in future years
if, in the judgment of management, it is
"more likely than not" that the company
will receive the tax benefits. If after
conducting the periodic review,
management determines that the
realization of the tax asset does not
meet the "more-likely-than-not" criteria,
an offsetting valuation allowance is
recorded thereby reducing net earnings
and the deferred tax asset in that period.
Definition:
Addressees:
Frequency:
- GTG
- Management
- External stakeholders
24
x
Total movement of DTA due to DTA
valuation allowances
[Euro]
Target figure:
... Euro
Upper interval limit
... Euro
Lower interval limit:
... Euro
Usage:
- planning
- forecast
- reporting
- ...
- monthly
- quarterly
- yearly
Data source:
Responsibility:
TWB
Mr. xy, GTG
x
x
Level:
x
- legal entity
- group
- country
- region
- SBU
x
x
KPI description
Volume of deferred tax liabilities quasi equity
Goal:
Satisfactory level of liquidity
KPI:
Volume of deferred tax liabilities quasi equity
Explanation /
Cause-effect-relations:
Definition:
DTLs can be permanent, and instead of
reflecting a future tax payment, the DTL
might be more similar to equity. Because
many companies are growing and
continually adding PP&E, the difference
in depreciation methods never reverses,
and the DTLs related to depreciation are
more like equity than liabilities.
Addressees:
- GTG
- Management
- External stakeholders
25
Total amount of DTL, which are more
like equity than liabilities
[Euro]
Target figure:
... Euro
Upper interval limit
... Euro
Lower interval limit:
... Euro
Usage:
- planning
- forecast
- reporting
- ...
x
x
Frequency:
x
- monthly
- quarterly
- yearly
Data source:
Responsibility:
TWB
Mr. xy, GTG
Level:
x
- legal entity
- group
- country
- region
- SBU
x
x
KPI description
Tax cash flow
Goal:
Satisfactory level of liquidity
KPI:
Tax cash flow
Explanation /
Cause-effect-relations:
Definition:
Cash flow tax
Der Steuer-Cash-flow zeigt den tatsächlichen Liquiditätsabfluss durch Steuern
im betrachteten Jahr an und dient somit
der Liquiditätsplanung. Er gibt an, in
welcher Höhe Finanzmittel durch Steuerzahlungen aus dem Zahlungsmittelbestand des Unternehmens insgesamt
abgeflossen sind.
Addressees:
- GTG
- Management
- External stakeholders
26
Target figure:
... Euro
[Euro]
Cash flow tax = current taxes +
payments from prior periods – increase
of unpaid tax provisions for next period
Usage:
- planning
- forecast
- reporting
- ...
x
x
x
Frequency:
x
x
x
- monthly
- quarterly
- yearly
Data source:
Responsibility:
TWB
Mr. xy, GTG
Level:
x
x
- legal entity
- group
- country
- region
- SBU
x
x
x
x
KPI description
Tax cash flow quota
Goal:
Satisfactory level of liquidity
KPI:
Tax cash flow quota
Explanation /
Cause-effect-relations:
Definition:
Cash flow tax
Die Relation zwischen Steuer-Cash-Flow
und dem operativen Cash-Flow zeigt an,
welcher Anteil des operativen CashFlows durch Steuerzahlungen verbraucht wird. Sie ist damit ein Indikator
für die verbleibende Liquidität der betrachteten Gesellschaft.
Addressees:
- GTG
- Management
- External stakeholders
27
Target figure:
Cash flow operations
... %
[%]
Usage:
- planning
- forecast
- reporting
- ...
x
x
Frequency:
x
- monthly
- quarterly
- yearly
Data source:
Responsibility:
TWB, SQL
Mr. xy, GTG
Level:
x
- legal entity
- group
- country
- region
- SBU
x
x
KPI description
Cash Tax Rate
Goal:
Maximum of profitability
KPI:
Cash Tax Rate ( Total Tax Contribution)
Explanation /
Cause-effect-relations:
Definition:
A company's overall tax contribution is a
measure of the cost of all taxes borne by
the company, including labour taxes or
contributions borne by the employer, as
well as corporate income tax. The Cash
Tax Rate adds up all taxes and
mandatory contributions borne by the
company and expresses the total
as a percentage of profits.
Addressees:
- GTG
- Management
- External stakeholders
28
(Volume of current tax paid + Volume
of other Taxes) / NIBT
Target figure:
... %
[%]
Usage:
- planning
- forecast
- reporting
-…
x
x
Frequency:
x
x
x
- monthly
- quarterly
- yearly
Data source:
Responsibility:
TWB
Mr. xy, GTG
Level:
x
- legal entity
- group
- country
- region
- SBU
x
KPI description
Average duration of deferred tax assets
Goal:
Satisfactory level of liquidity
KPI:
Average duration of deferred tax assets (DTA)
Explanation /
Cause-effect-relations:
Definition:
Σ (DTA x remaining time in accounts)
Die durchschnittliche Bindungsdauer der
aktiven latenten Steuern zeigt die
durchschnittliche verbleibende Verweildauer dieser Aktiva an. Je höher die
Dauer ist, um so länger müssen bilanzielle Passiva (im Regelfall passive
latente Steuern) zur Finanzierung dieser
Aktiva bereitgestellt werden.
Addressees:
- GTG
- Management
- External stakeholders
29
Target figure:
DTA
... years
[years]
To be splitted into „affecting“ and
„non-affecting“ in the reporting.
Usage:
- planning
- forecast
- reporting
- ...
x
x
Frequency:
x
- monthly
- quarterly
- yearly
Data source:
Responsibility:
TWB
Mr. xy, GTG
Level:
x
- legal entity
- group
- country
- region
- SBU
x
x
KPI description
Average duration of deferred tax liabilities
Goal:
Satisfactory level of liquidity
KPI:
Average duration of deferred tax liabilities (DTL)
Explanation /
Cause-effect-relations:
Definition:
Σ (DTL x remaining time in accounts)
Die durchschnittliche Bindungsdauer der
passiven latenten Steuern zeigt die
zeitliche Bindung dieser Passiva an, und
damit die zeitgleiche zinslose bilanzielle
Finanzierung entsprechender Aktiva.
Primär sind hierfür zunächst die aktiven
latenten Steuern zu verwenden.
Addressees:
- GTG
- Management
- External stakeholders
30
Target figure:
DTL
... years
[years]
To be splitted into „affecting“ und
„non-affecting“ in the reporting.
Usage:
- planning
- forecast
- reporting
- ...
x
x
Frequency:
x
- monthly
- quarterly
- yearly
Data source:
Responsibility:
TWB
Mr. xy, GTG
Level:
x
- legal entity
- group
- country
- region
- SBU
x
x
Content

Profitability

Liquidity

Risk Optimization and Flexibility
KPI description
Expected value of tax audit losses/findings
Goal:
Satisfactory level of risk optimization and flexibility
KPI:
Expected value of tax audit losses/findings
Explanation /
Cause-effect-relations:
Definition:
Der Erwartungswert gibt den wahrscheinlichen Umfang der Steuernachzahlungen aufgrund von Betriebsprüfungen an. Er setzt sich zusammen aus der
vom Steuerexperten geschätzten Wahrscheinlichkeit der Inanspruchnahme
multipliziert mit der potenziellen Höhe
dieser betriebsprüfungsbedingten
Nachzahlungen.
Addressees:
- GTG
- Management
- External stakeholders
32
Probability of expected tax payments
x expected tax payments
Target figure:
... Euro
[Euro]
Usage:
- planning
- forecast
- reporting
- ...
x
x
x
Frequency:
x
- monthly
- quarterly
- yearly
Data source:
Responsibility:
offen
Mr. xy, GTG
Level:
x
x
- legal entity
- group
- country
- region
- SBU
x
x
KPI description
Volatility of tax audit losses
Goal:
Satisfactory level of risk optimization and flexibility
KPI:
Volatility of tax audit losses
Explanation /
Cause-effect-relations:
Definition:
Die Schwankungsbreite der Betriebsprüfungsverluste ist ein Risikomaß zur
Messung der potenziellen steuerlichen
Nachzahlungen einer Betriebsprüfung.
Im Zeitverlauf ist sie ein Indikator der
Entwicklung der steuerlich eingegangenen Risiken / Anerkennungstrends des
Unternehmens bei Betriebs-prüfungen.
Addressees:
- GTG
- Management
- External stakeholders
33
Standard deviation between expected
loss year 1 and average expected loss
over time
Target figure:
... %
[%]
= √ ∑ ( exp. l. year x – average exp. l.)
Usage:
- planning
- forecast
- reporting
- ...
x
x
Frequency:
x
- monthly
- quarterly
- yearly
Data source:
Responsibility:
...
Mr. xy, GTG
Level:
x
- legal entity
- group
- country
- region
- SBU
x
KPI description
Volatility of ETR
Goal:
Satisfactory level of risk optimization and flexibility
KPI:
Volatility of ETR
Explanation /
Cause-effect-relations:
Definition:
Die Abweichung der ETR von ihrem
Durchschnitt im Zeitablauf zeigt die
Schwankungsbandbreite der ETR an
und ist ein Gesamtindikator der Trendentwicklung für die Steuerpolitik und die
Abweichung vom langfristigen Durchschnitt des Gesamtkonzerns.
Addressees:
- GTG
- Management
- External stakeholders
34
Standard deviation between group
ETR year 1 and average group ETR
over time
Target figure:
... %
[%]
= √ ∑ (ETR year x – average ETR)
Usage:
- planning
- forecast
- reporting
- ...
x
x
Frequency:
x
- monthly
- quarterly
- yearly
Data source:
Responsibility:
TWB
Mr. xy, GTG
Level:
x
x
- legal entity
- group
- country
- region
- SBU
x
x
x
x
KPI description
Volume of TLCF
Goal:
Satisfactory level of risk optimization and flexibility
KPI:
Volume of TLCF (Tax loss carried forward)
Explanation /
Cause-effect-relations:
Definition:
Die Summe der Verlustvorträge zeigt die
historisch entstandenen, noch nicht verwendeten Verluste an. In gleicher Höhe
können zukünftig Gewinne verrechnet
werden, ohne dass eine Besteuerung
eintritt. Das ermöglicht somit steuerliche
Flexibilität in der Allokation von Gewinnen auf einzelne Gesellschaften und
beeinflusst die Höhe der laufenden
Steuerzahlung.
Addressees:
- GTG
- Management
- External stakeholders
35
Total amount of TLCF (sum of
ordinary, state tax and capital losses)
Target figure:
... Euro
[Euro]
= ∑ TLCF per expiration year
Usage:
- planning
- forecast
- reporting
- ...
x
x
x
Frequency:
x
x
- monthly
- quarterly
- yearly
Data source:
Responsibility:
TWB
Mr. xy, GTG
Level:
x
x
- legal entity
- group
- country
- region
- SBU
x
x
x
x
KPI description
Average expiration of TLCF
Goal:
Satisfactory level of risk optimization and flexibility
KPI:
Average expiration of TLCF
Explanation /
Cause-effect-relations:
Die durchschnittliche Restlaufzeit von
Verlustvorträgen zeigt die
durchschnittliche zeitliche Dauer an, in
der Verlustvorträge als zukünftiges
Gewinnverrechnungspotenzial noch zur
Verfügung stehen. Je kürzer die
durchschnittliche Restgültigkeitsdauer
der Verlustvorträge, um so dringlicher die
Zuweisung von Gewinnen, da nach
Ablauf keine steuerreduzierenden
Effekte mehr wirken.
Definition:
Addressees:
Frequency:
- GTG
- Management
- External stakeholders
36
x
Σ (yearly amount of TLCF x remaining
Target figure:
time)
... years
total amount of TLCF
[years]
Usage:
- planning
- forecast
- reporting
- ...
- monthly
- quarterly
- yearly
Data source:
Responsibility:
TWB
Mr. xy, GTG
x
x
Level:
x
x
- legal entity
- group
- country
- region
- SBU
x
x
KPI description
Current expiration of TLCF
Goal:
Satisfactory level of risk optimization and flexibility
KPI:
Current expiration of TLCF
Explanation /
Cause-effect-relations:
Definition:
remaining time of TLCF
Die tatsächliche Restlaufzeit von
Verlustvorträgen zeigt die zeitliche Dauer
an, in der Verlustvorträge als zukünftiges
Gewinnverrechnungspoten-zial noch zur
Verfügung stehen. Je kürzer die
Restgültigkeitsdauer der Verlustvorträge,
um so dringlicher die Zuweisung von
Gewinnen, da nach Ablauf keine
steuerreduzierenden Effekte mehr
wirken.
Addressees:
- GTG
- Management
- External stakeholders
37
Target figure:
... years
[years]
Usage:
- planning
- forecast
- reporting
- ...
x
x
Frequency:
x
- monthly
- quarterly
- yearly
Data source:
Responsibility:
TWB
Mr. xy, GTG
Level:
x
x
- legal entity
- group
- country
- region
- SBU
x
x
KPI description
Tax provisions for risks
Goal:
Satisfactory level of risk optimization and flexibility
KPI:
Tax provisions for risks
Explanation /
Cause-effect-relations:
Total amount of tax provisions for risks
Target figure:
... Euro
[Euro]
Upper interval limit
... Euro
Lower interval limit:
... Euro
Die Rückstellungen für steuerliche
Risiken sind bewertete potenzielle steuerliche Nachzahlungsrisiken des Unternehmens, die jedoch noch nicht den
Charakter einer sicheren Verbindlichkeit
haben. Sie stellen somit das vollständige
monetäre, aktuell bereits ersichtliche und
bilanzierungswürdige Ausmaß des
Steuerrisikos dar.
as per IFRS-accounts
Addressees:
Frequency:
- GTG
- Management
- External stakeholders
38
Definition:
x
x
Usage:
- planning
- forecast
- reporting
- ...
- monthly
- quarterly
- yearly
Data source:
Responsibility:
TWB
Mr. xy, GTG
x
x
x
Level:
x
x
- legal entity
- group
- country
- region
- SBU
x
x
BACKUP
Effective tax rate (ETR)
Goal:
Maximum of profitability
KPI:
Effective tax rate (ETR)
Explanation / Cause-effect-relations:
Der Unterschied zur „klassischen“ Steuerplanung liegt in der Berechnungsweise der ETR. Dem Gewinn vor Steuern einer
Periode wird die Summe aus aktuellem und latentem Steueraufwand gegenübergestellt. Die Dimension der Kennzahl ist damit
„%“. Zukünftige Steuerzahlungen und Steuererstattungen gehen über den latenten Steueraufwand bzw. –ertrag in die Kennzahl
ein, wobei der Zeitpunkt der Realisation des Steueraufwandes / -ertrages jedoch unerheblich ist. Steuerlatenzen ergeben sich
durch Differenzen im Bilanzansatz eines Vermögensgegenstandes oder einer Schuld zwischen Handels- und Steuerbilanz. Diese
Differenzen können sowohl dem Grunde als auch der Höhe nach bestehen.
Im Unterschied zur „klassischen“ Steuerplanung werden bei der Berechnung der ETR nur Sachverhalte betrachtet, die in der
Berichtsperiode oder in vorangegangenen Perioden wirtschaftlich verursacht wurden. Planzahlen sind in der Regel zur
Berechnung der Kennzahl nicht erforderlich. Eine Ausnahme hiervon bildet der Ansatz oder die Veränderung von aktiven latenten
Steuern auf Verlustvorträge, die nur dann gebildet werden dürfen, wenn eine zukünftige Nutzung zumindest wahrscheinlich
(Prognose: „more likely than not“) ist.
40
KPI description
Present value quota
Goal:
Maximum of profitability
KPI:
Present value quota
Explanation / Cause-effect-relations:
Durch gezielte Sachverhaltsgestaltung sowie durch die Nutzung von Wahlrechten und Spielräumen werden Aufwendungen
zeitlich vorgezogen, Erträge in spätere Perioden verlagert und Verlustvorträge möglichst frühzeitig genutzt. Der in der
Steuerrechnung auszuweisende Gewinn, welcher die Bemessungsgrundlage der Besteuerung darstellt, wird möglichst weit in die
Zukunft verlagert. Hierdurch steigt der Kapitalwert einer Investition, da die zu leistenden Steuerzahlungen in stärkerem Maße der
Abzinsung unterliegen. Im Nenner der „Present Value Quota“ steht der über den Planungszeitraum erwartete Profit Before Tax,
der nach den Maßgaben der IFRS ermittelt und ebenfalls auf den Planungszeitpunkt abgezinst wurde. Auf diese Weise ergibt
sich eine Kennzahl mit einem Wertebereich zwischen (in der Regel) 0 und 1, die im Gegensatz zur ETR den Zeitpunkt der
Steuerzahlung und damit den Abfluss liquider Mittel berücksichtigt.
Die Ermittlung der Kennzahl zu Planungszwecken ist an die Verfügbarkeit von Prognosen über Ergebnis- und Zahlungsgrößen
gebunden. Der Planungsgegenstand ist dabei flexibel zu definieren und kann ein einzelnes Projekt, eine Legaleinheit, einen
Geschäftsbereich, regionale / überregionale Aggregate oder den gesamten Konzern umfassen.
41
KPI description
Ordinary tay on ordinary earnings / Extraordinary tax on extraordinary earnings
Goal:
Maximum of profitability
KPI:
Ordinary tax on ordinary earnings / Extraordinary tax on extraordinary earnings
Explanation / Cause-effect-relations:
Die Aufteilung des gesamten Steueraufwandes in solchen aus laufendem Einkommen und solchem aus außerordentlichem
Einkommen ermöglicht eine getrennte Analyse beider Komponenten. Auf diese Weise können steuerlastmindernde und
steuerlasterhöhende Effekte, die aus steuerlichen Sonderregelungen für außerordentliche Geschäftsvorfälle herrühren, isoliert
betrachtet werden. Dies soll Planungsaktivitäten unterstützen, die nicht das operative Geschäft betreffen w.z.B.
Sitzverlagerungen, Akquisitionen, Divestments. Gleichzeitig ist die Steuerquote, mit der das laufende Einkommen belastet wird,
frei von Sondereffekten zu erkennen. Planungsobjekte, die hierauf Auswirkungen haben könnten beispielsweise Leasing- oder
Finanzierungsmodelle sein.
Die Zuordnung der Ordinary / Extraordinary Taxes zu den jeweiligen Einkünften ist schwierig. Im Prinzip müsste
geschäftsvorfallbezogen vorgegangen werden und es müssten die jeweils anzuwendenden „Sonderregelungen“ der Jurisdiktion,
in der die außerordentlichen Einkünfte erwirtschaftet werden, bekannt sein. Hilfsweise kann auf die Angaben im TWB
zurückgegriffen werden. Dies ist zu Planungszwecken aber nur eingeschränkt zielführend.
42
KPI description
Volume of DTA/DTL / Tax asset and tax liablility quota
Goal:
Satisfactory level of liquidity
KPI:
Volume of DTA and DTL / Tax asset and tax liability quota
Explanation / Cause-effect-relations:
Die absolute Höhe der DTA / DTL ist zunächst ein Hinweis auf den Grad der Abweichung zwischen der Steuerrechnung in der
(den) jeweiligen Jurisdiktion(en) und der Bilanzierung nach IAS/IFRS (qualifizierter würde die Aussage, wenn die DTA / DTL ins
Verhältnis zur Bilanzsumme gesetzt würden!). Die absolute Höhe der DTA kann darüber hinaus als Risikotreiber angesehen
werden, da durch die Änderungen der Werthaltigkeit der Position steuerlicher Aufwand in Form einer Valuation Allowance
entstehen kann. Inwieweit ein solches Impairment der DTA Position erfolgswirksam wird, hängt davon ab, ob jene erfolgswirksam
oder erfolgsneutral gebildet wurde. Um über die zukünftigen Erfolgswirkungen der Positionen DTA und DTL Klarheit zu gewinnen,
sollen die entsprechenden KPIs nach diesem Kriterium unterteilt werden.
Werden die Positionen DTA und DTL ins Verhältnis gesetzt, so kann die sich ergebende Quote als Indikator für die Nutzbarkeit
der DTA interpretiert werden. Das Verhältnis zwischen aktiven und passiven latenten Steuern zeigt die bilanzielle
Liquiditätswirkung / das bilanzielle Finanzierungs- bzw. Kapital-bindungspotenzial, das aus den latenten Steuern herrührt. Ist die
Quote größer als eins zeigt sie gleichzeitig Abschreibungsbedarf der aktiven latenten Steuern an.
43
The illustration of the cause-effect-relations of KPIs enables the
future users to overview a tax management approach
Cause-effect-relations of KPIs
Effective
tax rate
Tax on
expenses
Volume of
Current tax
WTH
Volatility
of ETR
Profitabilität
Present
value
of taxes
Volume of
deferred tax
Tax
Credits
Extra/Ordinary tax
on
extra/ordinary
earnings
Present
value
quota
Expected reversal
amount of DTA / DTL
Tax Value
Tax on
DD movem
Tax cash flow
Volume of
Current tax paid
Tax cash
flow quota
Volatility of
tax audit losses
44
Volume of
current tax risks
Current
expiration
of TLCF
Volume of
DTA
DTA
Valuation
allowances
DTA
against
equity
Volume of
DTL
Expected value of
tax audit findings
Cash Tax Rate
Risk
Volume
of TLCF
Volume of
other Taxes
Average
expiration
of TLCF
Tax provisions
for risks
Volatility of
ETR
Others
Tax
exempt
income
Average
duration
of DTA / DTL
added
Liquidität
Volume of
deferred diff
movement
NTDE
DTL
from PPA
Volume of
DTL
quasi equity
DTL
against
equity
Most of the necessary data to calculate the KPIs stem from the Tax Workbook
Drivers of KPIs - overview
1
4
Current Tax Losses
(volume / expiration)
Total Tax Rate
2
5
Corporation Tax
3
Current Tax Accruals
8
Local / State Tax
6
Deferred Assets /
Deferred Liabilities
45
7
Data from TOPAS
9
Tax Credits
Data from
other sources
Driver tree per TWB category
Total tax rate
Corporation tax
incl. surcharge tax
Reduced corporate tax
Total Tax Rate
Increased corporate tax
Tax rates for capital
gains / capital losses
Local tax rate
46
Driver trees do only
illustrate the cause-effectrelations; calculation in
accordance with TWB.
Driver tree per TWB category
Corporation tax
Corporation tax
Net income before taxes on income (as per IAS Accounts)
Elimination of profits and losses due to a profit and loss
absorption agreement
Elimination of partnership income received
Capital gain tax
Non-deductible expenses
Tax-exempt income
Income taxes separately
Capital gains / capital losses in current year
Corporation Tax
Surcharge taxes
Permanent differences from (sub-) consolidation level
Deductible other income taxes / GewSt
Deductible income taxes / WHT
Tax creditable
Tax credits deductible
Tax base transfer received from partnerships
Tax base tansfer received from corporation due to fiscal unity
Tax base transfer transferred as partnerships
Other modifications
Tax base tansfer transferred as corporation due to fiscal unity
Utilization of loss carryforwards
Corporation tax increase / reduction
47
Driver tree per TWB category
Deferred assets / deferred liabilities (volume / average remaining time)
Sundry intangible assets
DTA - except tax credits
Accounts payable to affiliated comp.
Assets similar to goodwill
Other deferred charges
Accounts payable to associated comp.
Goodwill
Equity (except NIBT on income)
Accounts payable to other investments
Tangible assets
NIBT on income
Tax liabilities - income tax
Financial assets
Inventories
Deferred assets /
deferred liabilities
48
Accounts receivable trade and
services incl. notes
Accounts receivable from affiliated
companies
Accounts receivable from associated
companies
Accounts receivable from other
investments
Shares in consolidated group
companies held by third parties
Provisions for pensions and similar
obligations
Provisions for other post-employment
benefits
Deferred tax provisions - except tax
cushions
Tax liabilities - others
Derivatives, liabilities
Other liabilities
Deferred income
Deferred tax provisions - tax cushions
Assets similar to goodwill - depriciation
Deferred tax provisions - taxes on
attributable income
Sundry intangible assets- depriciation
Derivatives, assets
Tax provisions - taxes on income
Tangible assets - depriciation
Other assets - except any taxes
Tax provisions - other taxes
Financial assets - depriciation
Other assets - taxes on income
Sundry provisions
Inventories - depriciation
Other assets - other taxes
Financial liabilities
Others - depriciation
Cash / marketable securities
Loans payable to social insurances
Other taxfree reserves
Debt discount
Accounts payable trade & services
SOPO §6b EStG (Germany)
Driver tree per KPI
Effectice tax rate
Effective tax rate
Total tax rate
detailed driver tree,
see page 46
Corporation tax
detailed driver tree,
see page 47
Deferred assets (volume) /
deferred liabilities (volume)
detailed driver tree,
see page 48
Current tax losses
detailed driver tree,
see page 52
Local / state tax
detailed driver tree,
see page 54
Tax credits
detailed driver tree,
see page 55
EBT
49
Driver tree per KPI
Present value of taxes
Total tax rate
detailed driver tree,
see page 46
Corporation tax
detailed driver tree,
see page 47
Current tax losses
detailed driver tree,
see page 52
Local / state tax
detailed driver tree,
see page 54
Tax credits
detailed driver tree,
see page 55
Present value of taxes
Interest
50
Driver tree per KPI
Present value quota
Present value quota
Total tax rate
detailed driver tree,
see page 46
Corporation tax
detailed driver tree,
see page 47
Current tax losses
detailed driver tree,
see page 52
Local / state tax
detailed driver tree,
see page 54
Tax credits
detailed driver tree,
see page 55
Interest
EBT
51
Driver tree per TWB category
Current tax losses (volume)
PROPOSAL
Volume of tax credits (unutilized)
- corporate tax -
Current tax losses
(volume)
Volume of tax credits (unutilized)
- local/state tax / GewSt -
Volume of tax credits (unutilized)
- capital losses -
52
Driver tree per TWB category
Current tax losses (expiration)
Expiring in 2006
Expiring in 2007
Expiration of tax credits
- corporate tax -
Expiring in 2008
Expiring in 2009
Expiring in later than 2009
No Expiration
Expiring in 2006
Expiring in 2007
Current tax losses
(expiration)
Expiration of tax credits
- local/state tax / GewSt -
Expiring in 2008
Expiring in 2009
Expiring in later than 2009
No Expiration
Expiring in 2006
Expiring in 2007
Expiration of tax credits
- capital losses -
Expiring in 2008
Expiring in 2009
Expiring in later than 2009
No Expiration
53
Driver tree per TWB category
Local / state tax
Add-ons state tax
Subtractions state tax
Corrections prior year
Local / State Tax
Tax base transfer received from
corporations due to fiscal unity
Tax base transfer received
from partnerships
Tax base transfer transferred from
corporations due to fiscal unity
Tax base transfer transferred
from partnerships
54
Driver tree per TWB category
Tax credits (volume)
Volume of tax credits (unutilized)
- foreign tax credits -
Tax credits
(volume)
Volume of tax credits (unutilized)
- R&D tax credits -
Volume of tax credits (unutilized)
- other -
55
Driver tree per TWB category
Tax credits (expiration)
Expiring in 2006
Expiring in 2007
Expiration of tax credits
- foreign tax credits -
Expiring in 2008
Expiring in 2009
Expiring in later than 2009
No Expiration
Expiring in 2006
Expiring in 2007
Tax credits
(expiration)
Expiration of tax credits
- R&D tax credits -
Expiring in 2008
Expiring in 2009
Expiring in later than 2009
No Expiration
Expiring in 2006
Expiring in 2007
Expiration of tax credits
- other -
Expiring in 2008
Expiring in 2009
Expiring in later than 2009
No Expiration
56
Driver tree per KPI
Tax on expenses
Tax on expenses
Total tax rate
detailed driver tree,
see page 46
Corporation tax
detailed driver tree,
see page 47
Deferred assets (volume) /
deferred liabilities (volume)
detailed driver tree,
see page 48
Current tax losses
detailed driver tree,
see page 52
Local / state tax
detailed driver tree,
see page 54
Tax credits
detailed driver tree,
see page 55
Expenses
57
Driver tree per KPI
Ordinary tax on ordinary earnings
Ordinary tax on
ordinary earnings
Total tax rate
detailed driver tree,
see page 46
Corporation tax
detailed driver tree,
see page 47
Deferred assets (volume) /
deferred liabilities (volume)
detailed driver tree,
see page 48
Current tax losses
detailed driver tree,
see page 52
Local / state tax
detailed driver tree,
see page 54
Tax credits
detailed driver tree,
see page 55
Ordinary earnings
58
Driver tree per KPI
Extraordinary tax on extraordinary earnings
Total tax rate
detailed driver tree,
see page 46
Corporation tax
detailed driver tree,
see page 47
Current tax losses
detailed driver tree,
see page 52
Local / state tax
detailed driver tree,
see page 54
Tax credits
detailed driver tree,
see page 55
Extraordinary tax on
extraordinary earnings
Extraordinary earnings
59
Driver tree per KPI
Volume of current taxes
Volume of current taxes
60
Total tax rate
detailed driver tree,
see page 46
Corporation tax
detailed driver tree,
see page 47
Current tax losses
detailed driver tree,
see page 52
Local / state tax
detailed driver tree,
see page 54
Tax credits
detailed driver tree,
see page 55
Driver tree per KPI
Volume of deferred tax assets
Volume of deferred
tax assets
61
Total tax rate
detailed driver tree,
see page 46
Corporation tax
detailed driver tree,
see page 47
Deferred assets (volume)
detailed driver tree,
see page 48
Driver tree per KPI
Volume of deferred tax liabilities
Volume of deferred
tax liabilities
62
Total tax rate
detailed driver tree,
see page 46
Corporation tax
detailed driver tree,
see page 47
Deferred liabilities (volume)
detailed driver tree,
see page 48
Driver tree per KPI
Tax asset and liability quota
Tax asset and
liability quota
63
Total tax rate
detailed driver tree,
see page 46
Corporation tax
detailed driver tree,
see page 47
Deferred assets (volume) /
deferred liabilities (volume)
detailed driver tree,
see page 48
Driver tree per KPI
Tax cash flow
Total tax rate
detailed driver tree,
see page 46
Corporation tax
detailed driver tree,
see page 47
Local / state tax
detailed driver tree,
see page 54
Tax credits
detailed driver tree,
see page 55
Tax cash flow
64
Driver tree per KPI
Tax cash flow quota
Tax cash flow quota
Total tax rate
detailed driver tree,
see page 46
Corporation tax
detailed driver tree,
see page 47
Local / state tax
detailed driver tree,
see page 54
Tax credits
detailed driver tree,
see page 55
Total cash flow operations
65
Driver tree per KPI
Average duration of DTA / DTL
Deferred assets (volume)
detailed driver tree,
see page 48
Deferred assets (average remaining time)
detailed driver tree,
see page 48
Deferred liabilities (volume)
detailed driver tree,
see page 48
Deferred liabilities (average remaining time)
detailed driver tree,
see page 48
Average duration
of DTA
Average duration
of DTL
66
Driver tree per KPI
Expected value of tax audit losses / volatility of tax audit losses
Expected tax payments
for audit reason
Expected value of
tax audit losses
Probability of expected
tax payments for audit reason
Expected tax payments
for audit reason
Volatility of
tax audit losses
Probability of expected
tax payments for audit reason
67
Driver tree per KPI
Volatility of ETR
Volatility of ETR
Total tax rate
detailed driver tree,
see page 46
Corporation tax
detailed driver tree,
see page 47
Deferred assets (volume) /
deferred liabilities (volume)
detailed driver tree,
see page 48
Current tax losses
detailed driver tree,
see page 52
Local / state tax
detailed driver tree,
see page 54
Tax credits
detailed driver tree,
see page 55
EBT
68
Driver tree per KPI
Average expiration of TLCF / Volume of TLCF
Current tax losses
(volume and expiration)
detailed driver tree,
see pages 52, 53
Tax credits
(volume and expiration)
detailed driver tree,
see pages 55, 56
Current tax losses
(volume and expiration)
detailed driver tree,
see pages 52, 53
Tax credits
(volume and expiration)
detailed driver tree,
see pages 55 ,56
Average expiration
of TLCF
Volume of TLCF
69
Driver tree per KPI
Tax provision for risks
Corporation tax
Tax-exempt income
Income taxes separately
Capital gains / capital losses in current year
Capital gain tax
Permanent differences from (sub-) consolidation level
Deductible other income taxes / GewSt
Deductible income taxes / WHT
Surcharge taxes
Tax provision for risks
Tax credits deductible
Tax base transfer received from partnerships
Tax base tansfer received from corporation due to fiscal unity
Tax creditable
Tax base transfer transferred as partnerships
Tax base tansfer transferred as corporation due to fiscal unity
Utilization of loss carryforwards
Other modifications
Current Tax Accruals
70
Corporation tax increase / reduction