IBERSOL | 2019 Annual Report

2019 ANNUAL REPORT 2019 2018 Special payment on account - 24 614 Payments on account 4 594 197 4 245 951 Withholding taxes 109 770 107 137 Income tax - parent -253 083 -191 639 Income tax - subsidiaries (RETGS) -3 469 367 -2 652 677 Tax saving (RETGS) 359 272 1 193 863 Total 1 340 789 2 727 248 18.1.2 Income tax payable Changes in deferred taxes in the period are: Dec/2019 Dec/2018 Ibersol Angola 678 567 72 419 Cortsfood (1) - 86 016 Other (2) 11 181 4 466 689 748 162 901 (1) by exclusion of the Inverpeninsular tax group, subsidiaries in Spain; (2) excluded from the special taxation of corporate groups (RETGS), income tax to be paid by subsidiary Iberusa ACE. 18.2. DEFERRED TAX Changes in deferred taxes in the period are: Deferred taxes 31.12.2018 31.12.2019 Movement in the year (Note 28) Assets - 4 010 940 4 010 940 Liabilities -10 556 031 -8 671 083 1 884 947 Total -10 556 031 -4 660 143 5 895 887 Tax rates of the jurisdictions in which the Group is present are: Portugal 21% Spain 25% Angola 30% 271