Question ID: 91
Regulation Reference: Guidelines on submission of information to NCAs (Preparatory phase)
Article: 35
Template: S.02.01
Status: Final
Date of submission: 04 Feb 2015
Question
Net Deferred Tax Assets
In the Own Funds (S23.01) template the ‘Net Deferred Tax Assets’ (cell C15) is requested.
Could you confirm that this amount is equal to the calculation: Deferred Tax Asset (Cell A26) -/- Deferred Tax Liability (Cell L17) from the Balance Sheet template (S02.01)?
EIOPA answer
The net deferred tax assets, are in fact deferred tax assets net of deferred tax liabilities. Please note that if the deferred tax liabilities are larger than the deferred tax assets, then there is no deduction. That is, if there is a net tax liability, it would not increase an undertaking’s basic own funds.