95% of our group’s taxes are paid in Spain. Of every 100 euros of value generated by the corporation, € 34.20 were paid to the Treasury. Of the total tax payments made by our Group, €17.4 million were paid in Corporation Tax.
The economic activity of our Group, Corporación Hijos de Rivera, has generated 133.8 million euros in taxes and contributions for the different Spanish tax authorities in 2016. In addition to this figure, there are taxes paid in other countries where out company is present, such as Brazil, where contributions have increased the most. Hence, our group has paid over €139 million euros in taxes, 95% of which have been paid in Spain.
In addition to these directly incurred taxes, our Group paid 17.4 million euros in Corporation Tax, an increase of 30.40% with regards to 2015. This increase is notable in a financial year in which the tax rate was reduced by law from 28% to 25%.
The company’s VAT payments were 83.6 million euros; special taxes 24.5 million euros, and withholdings 8.3 million euros.
To sum up, of every 100 euros of value generated by the Group Corporación Hijos de Rivera in the 2016 financial year, €34.20 were paid to the treasury via direct and indirect tax payments.
