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Tax Matters (Tables) | 12 Months Ended
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Dec. 31, 2022
Income Taxes [Abstract] |
Schedule of Deferred Taxes Movement | The movements in deferred taxes in the Telefónica Group in 2022 and 2021 are as follows:
Millions of euros | Deferred tax assets | Deferred tax liabilities
Balance at December 31, 2021 | 5,616 |  | 2,602 |
Additions | 1,080 |  | 685 |
Disposals | (1,877) |  | (400) |
Transfers | 21 |  | (30) |
Translation differences and hyperinflation adjustments | 42 |  | 184 |
Company movements and others | 2 |  | 26 |
Balance at December 31, 2022 | 4,884 |  | 3,067 |
Millions of euros | Deferred tax assets | Deferred tax liabilities
Balance at December 31, 2020 | 6,416 |  | 2,620 |
Additions | 952 |  | 499 |
Disposals | (1,697) |  | (472) |
Transfers | 2 |  | (60) |
Translation differences and hyperinflation adjustments | (36) |  | 42 |
Company movements and others | (21) |  | (27) |
Balance at December 31, 2021 | 5,616 |  | 2,602 |
The estimated realization of deferred tax assets and liabilities recognized in the consolidated statement of financial position in 2022 is as follows:
Millions of euros |  |  |
12/31/2022 | Total | Less than 1 year | More than 1 year
Deferred tax assets | 4,884 |  | 749 |  | 4,135 |
Deferred tax liabilities | 3,067 |  | 296 |  | 2,771 |
Millions of euros | 12/31/2022 | 12/31/2021
Tax credits for loss carryforwards | 2,011 |  | 2,639 |
Unused tax deductions | 565 |  | 903 |
Deferred tax assets for temporary differences | 2,308 |  | 2,074 |
Total deferred tax assets | 4,884 |  | 5,616 |
The movements in Tax credits for loss carryforwards in the Telefónica Group in 2022 and 2021 are as follows:
Location of the company (Millions of euros) | Balance at 12/31/2021 | Additions | Reversals | Perimeter changes | Translation differences and other | Balance at 12/31/2022
Spain | 999 |  | 58 |  | (600) |  | — |  | — |  | 457 |
Germany | 778 |  | 153 |  | (122) |  | 1 |  | — |  | 810 |
Latin America | 861 |  | 64 |  | (216) |  | — |  | 32 |  | 741 |
Other | 1 |  | 3 |  | (1) |  | — |  | — |  | 3 |
Total tax credits for loss carryforwards | 2,639 |  | 278 |  | (939) |  | 1 |  | 32 |  | 2,011 |
Location of the company (Millions of euros) | Balance at 12/31/2020 | Additions | Reversals | Perimeter changes | Translation differences and other | Balance at 12/31/2021
Spain | 1,283 |  | — |  | (283) |  | — |  | (1) |  | 999 |
Germany | 813 |  | 150 |  | (184) |  | — |  | (1) |  | 778 |
Latin America | 645 |  | 285 |  | (41) |  | — |  | (28) |  | 861 |
Other | — |  | — |  | — |  | 2 |  | (1) |  | 1 |
Total tax credits for loss carryforwards | 2,741 |  | 435 |  | (508) |  | 2 |  | (31) |  | 2,639 |
The Spanish tax group considers that unused tax loss carryforwards in Spain, taking into account tax litigation in which the group is involved, amount to 3,825 million euros at December 31, 2022:
Millions of euros | Total | Less than 1 year | More than 1 year
Tax loss carryforwards generated in the tax group | 1,755 | — |  | 1,755 |
Tax loss carryforwards generated before consolidation in the tax group | 2,070 | 143 |  | 1,927 |
The sources of deferred tax assets and liabilities from temporary differences recognized at December 31, 2022 and 2021 are as follows:
Millions of euros | 12/31/2022 | 12/31/2021
Goodwill and intangible assets | 828 |  | 244 |
Property, plant and equipment | 473 |  | 350 |
Personnel commitments | 1,278 |  | 1,577 |
Provisions | 935 |  | 817 |
Inventories and receivables | 324 |  | 308 |
Rights of use | 51 |  | 59 |
Lease liabilities | 1,049 |  | 1,068 |
Other concepts | 267 |  | 187 |
Total deferred tax assets for temporary differences | 5,205 |  | 4,610 |
Deferred tax assets and liabilities offset | (2,897) |  | (2,536) |
Total deferred tax assets for temporary differences registered in the statement of financial position | 2,308 |  | 2,074 |
Millions of euros | 12/31/2022 | 12/31/2021
Goodwill and intangible assets | 1,970 |  | 1,712 |
Property, plant and equipment | 1,282 |  | 1,204 |
Personnel commitments | 12 |  | 11 |
Provisions | 447 |  | 403 |
Investments in subsidiaries, associates and other shareholdings | 374 |  | 278 |
Inventories and receivables | — |  | 6 |
Rights of use | 1,046 |  | 1,093 |
Other concepts | 833 |  | 431 |
Total deferred tax liabilities for temporary differences | 5,964 |  | 5,138 |
Deferred tax assets and liabilities offset | (2,897) |  | (2,536) |
Total deferred tax liabilities for temporary differences registered in the statement of financial position | 3,067 |  | 2,602 |
Schedule of Tax Payables and Receivables | Current tax payables and receivables at December 31, 2022 and 2021 are as follows:
Millions of euros | Balance at 12/31/2022 | Balance at 12/31/2021
Tax payables |  |
Tax withholdings | 96 |  | 98 |
Indirect taxes | 390 |  | 476 |
Social security | 114 |  | 163 |
Current income taxes payable | 957 |  | 1,120 |
Other | 363 |  | 169 |
Total | 1,920 |  | 2,026 |
Millions of euros | Balance at 12/31/2022 | Balance at 12/31/2021
Tax receivables |  |
Indirect taxes | 569 |  | 705 |
Current income taxes receivable | 1,549 |  | 1,310 |
Other | 95 |  | 105 |
Total | 2,213 |  | 2,120 |
Schedule of Reconciliation of Book Profit before Taxes on Taxable Income | The reconciliation between book profit before tax and the income tax expense from continuing operations for 2022, 2021 and 2020 is as follows:
Millions of euros | 2022 | 2021 | 2020
Accounting profit before tax | 2,960 |  | 12,095 |  | 2,583 |
Tax expense at prevailing statutory rate | 797 |  | 2,768 |  | 532 |
Permanent differences | (793) |  | (1,705) |  | 289 |
Changes in deferred tax charge due to changes in tax rates | 1 |  | 51 |  | 14 |
(Capitalization)/reversal of tax deduction and tax relief | 88 |  | 225 |  | (103) |
(Capitalization)/reversal of loss carryforwards | 197 |  | (307) |  | (88) |
Increase/(decrease) in tax expense arising from temporary differences | 43 |  | 84 |  | (8) |
Other concepts | 308 |  | 262 |  | (10) |
Corporate income tax | 641 |  | 1,378 |  | 626 |
Breakdown of current/deferred tax expense |  |  |
Current tax expense | (218) |  | 831 |  | 462 |
Deferred tax expense | 859 |  | 547 |  | 164 |
Total Corporate income tax | 641 |  | 1,378 |  | 626 |

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