XML 234 R216.htm IDEA: XBRL DOCUMENT v3.24.0.1
Tax Matters - Narrative (Details)
€ in Millions, S/ in Millions, R$ in Millions
1 Months Ended 12 Months Ended
Dec. 27, 2023
EUR (€)
Sep. 27, 2023
EUR (€)
Dec. 20, 2022
Mar. 31, 2019
EUR (€)
Dec. 31, 2023
EUR (€)
company
Dec. 31, 2023
BRL (R$)
Dec. 31, 2023
PEN (S/)
Dec. 31, 2022
EUR (€)
company
Dec. 31, 2022
BRL (R$)
Dec. 31, 2022
PEN (S/)
Dec. 31, 2021
EUR (€)
yr
Dec. 31, 2021
BRL (R$)
Dec. 31, 2023
BRL (R$)
company
Dec. 31, 2023
PEN (S/)
company
Dec. 31, 2022
BRL (R$)
company
Dec. 31, 2022
PEN (S/)
company
Oct. 24, 2022
EUR (€)
Apr. 20, 2022
EUR (€)
Apr. 20, 2022
BRL (R$)
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Number of consolidated tax group companies | company         45     47         45 45 47 47      
Corporate income tax         € 899.0     € (641.0)     € (1,378.0)                
Deferred tax assets         6,240.0     4,884.0     5,616.0                
Deferred tax liabilities         2,702.0     3,067.0     2,602.0                
Reversal of deferred tax assets for tax loss carryforwards               85.0                      
Reversal of deferred tax assets for deductions               112.0                      
Tax loss carryforwards generated in the tax group         4,628.0                            
Current income taxes receivable         598.0     € 1,549.0                      
Profit obtained on sale of division subsidiaries, percentage including taxes               95.00% 95.00% 95.00%                  
Permanent differences         442.0     € (793.0)     (1,705.0)                
Changes in deferred tax charge due to changes in tax rates         0.0     1.0     51.0                
Increase/(decrease) in tax expense arising from temporary differences         11.0     43.0     € 84.0                
Positive tax effect of impairment of goodwill         2,206.0                            
Amortized goodwill for tax purposes         419.0     406.0                      
Tax credit expected, loss carryforwards of 2002         247.0                            
Tax credit expected, loss carryforwards of 2004         21.0                            
Tax credit expected, loss carryforwards of 2011         615.0                            
Tax credit expected, loss carryforwards of 2015         1,503.0                            
Tax credit expected, deductions for double taxation         952.0                            
Tax credit expected, deductions for reinvestments         23.0                            
Tax credit expected, deductions for investments         476.0                            
Tax credit expected, deductions for donations         260.0                            
Tax credit expected, deductions for fixed assets         101.0                            
Tax credit expected, deductions for reversal of temporary measures         29.0                            
Losses on litigation settlements         4,323.0 R$ 23,130   3,898.0 R$ 21,712                    
Number of years in processing lawsuits, tax litigation in Peru | yr                     20                
Increase legal claim in Peru, tax litigation, (in percent)                     80.00%                
Other provisions         2,574.0     2,630.0                      
Reconciliation Share Of Loss Of VMO2                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Permanent differences         (477.0)                            
Spain                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Proceeds from favorable tax appeal       € 13.4                              
Spain                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Deferred tax assets         1,110.0     457.0                      
Tax loss carryforwards generated in the tax group         77.0     498.0                      
Germany                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Deferred tax assets         879.0                            
Tax loss carryforwards generated in the tax group         5,295.0     5,452.0                      
Latin America                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Deferred tax assets         814.0                            
Tax loss carryforwards generated in the tax group         841.0     683.0                      
Telxius Telecom, S.A.                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Current income taxes receivable               876.0                      
Tax credits for loss carryforwards                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Deferred tax assets         2,803.0     2,011.0     € 2,639.0                
Deferred tax liabilities         2,702.0                            
Tax loss carryforwards generated in the tax group         2,633.0                            
Tax credits for loss carryforwards | Spain                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Deferred tax assets         1,110.0     457.0     999.0                
Tax credits for loss carryforwards | Germany                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Deferred tax assets         879.0     810.0     778.0                
Tax credits for loss carryforwards | Latin America                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Deferred tax assets         814.0     741.0     861.0                
Deferred tax assets for temporary differences                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Deferred tax assets         5,586.0     5,205.0                      
Deferred tax liabilities         5,584.0     5,964.0                      
Deferred tax assets for temporary differences | Spain                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Reversal of deferred tax assets                     65.0                
Deferred tax assets for temporary differences | Bluevia Fibra, S.L. Operations and exploitation of FTTH network and other connectivity services.                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Deferred tax assets               548.0                     R$ 548
Total unused tax credits | Spain                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Deferred tax assets         733.0     565.0                      
Total unused tax credits | Pegaso Pcs S.A. de C.V. and Colombia Telecomunicaciones S.A. ESP BIC                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Deferred tax assets         982.0                            
Unused tax deductions                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Deferred tax assets         6,240.0                            
Unused tax deductions | Spain                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Deferred tax assets         244.0                            
2008-2011 Inspection Procedure                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Tax refund, receivable from tax paid                                 € 790.0    
Tax refund, interest receivable from tax paid                                 € 526.0    
Reversal of deferred tax assets for tax loss carryforwards               512.0                      
Reversal of deferred tax assets for deductions               278.0                      
Reversal of deferred tax assets for tax credits               16.0                      
2008-2011 Inspection Procedure | Tax credits for loss carryforwards                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Deferred tax assets               58.0                      
Supreme Court of Brazil - ICMS tax                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Brazil VAT tax dispute, decrease in taxes other than income tax         51.0 277   73.0 397   261.0 R$ 1,660              
Brazil VAT tax dispute, increase in finance income         46.0 245   139.0 749   90.0 573              
Brazil VAT tax dispute, monetary updating               12.0 R$ 67   6.0 R$ 36              
Brazil VAT tax dispute, credits pending compensation for the refund of payments made               141.0             R$ 787        
Telecommunications Law, Law 14.195                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Permanent differences               (651.0)                      
Tax Group 24/90                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Permanent differences                     387.0                
Subsidiaries                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Deferred tax liabilities         258.0     319.0                      
Temporary differences associated with investments in subsidiaries, branches and associates and interests in joint arrangements for which deferred tax liabilities have not been recognised         233.0     234.0                      
Deferred Tax Liabilities                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Deferred tax relating to items credited (charged) directly to equity         (2.0)     (238.0)                      
Deferred Tax Assets                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Deferred tax relating to items credited (charged) directly to equity         194.0     44.0                      
Telefónica Germany                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Tax credits recognized         115.0     76.0     77.0                
Adjustments for current tax of prior periods         (115.0)                            
Applied tax loss carryforwards         41.0     46.0                      
Disposal of tax liability         18.0     42.0                      
Telefónica Germany | Deferred Tax Assets                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Reversal of deferred tax assets         334.0                            
Group 3G UMTS Holding                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Tax credits recognized         73.0     76.0     72.0                
Applied tax loss carryforwards         79.0     76.0                      
Group 3G UMTS Holding | Tax Expense (Income)                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Unused provision reversed, other provisions               186.0                      
Group 3G UMTS Holding | Finance Income                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Unused provision reversed, other provisions               69.0                      
Telefónica Brazil                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Tax credits recognized                     221.0                
Deferred tax assets         23.0     78.0                      
Disposal of deferred tax assets         61.0                            
Applied tax loss carryforwards         60.0     86.0                      
Deferred tax liabilities         119.0     59.0                      
Disposal of tax liability         266.0     212.0                      
Receivables from taxes other than income tax               212.0             1,146        
Increase (decrease) in receivables from taxes other than income tax         97.0 R$ 522                          
Other possible contingencies         37.0     19.0         R$ 198   104        
Telefónica Brazil | Tax Year 2011 to 2017                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Other possible contingencies         5,678.0     5,346.0         R$ 30,379   R$ 29,778        
Telefonica Chile                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Deferred tax assets         94.0                            
Disposal of deferred tax assets         18.0                            
Deferred tax liabilities         48.0                            
Disposal of tax liability         28.0                            
Telefonica Colombia                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Deferred tax assets         9.0     26.0                      
Disposal of deferred tax assets         66.0                            
Applied tax loss carryforwards               119.0                      
Deferred tax liabilities               22.0                      
Disposal of tax liability         13.0                            
Vauban/CAA | Bluevia Fibra, S.L. Operations and exploitation of FTTH network and other connectivity services.                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Proportion of voting rights held in associate (in percentage)     45.00%                                
Consideration (share purchase price)                                   € 1,021.0 R$ 1,021
Telefónica, S.A.                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Deferred tax assets         6,240.0     4,884.0                      
Deferred tax liabilities         2,702.0     3,067.0                      
Reversal of deferred tax assets for tax loss carryforwards               85.0                      
Reversal of deferred tax assets for tax credits         173.0     112.0                      
Unrecorded tax loss carryforwards         368.0     326.0                      
Telefónica, S.A. | Tax credits for loss carryforwards                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Deferred tax assets         2,803.0     2,011.0                      
Telefónica, S.A. | Deferred tax assets for temporary differences                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Deferred tax assets         2,704.0     2,308.0                      
Telefónica, S.A. | Unused tax deductions                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Deferred tax assets         733.0     565.0                      
Group 3G UMTS Holding GmbH                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Tax credits recognized         73.0     76.0                      
Telefónica Peru | Tribunal Economico-Administrativo Central - Overpayments in 2008-2011                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Corporate income tax               (241.0)     (97.0)                
Telefónica México | Deferred Tax Liabilities                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Increase/(decrease) in tax expense arising from temporary differences                     83.0                
Vivo                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Amortized goodwill for tax purposes               49.0                      
Telefónica Spain                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Tax credits recognized   € 334.0     334.0                            
Increase (decrease) in deferred tax liability (asset)         541.0                            
Corporate income tax         541.0                            
Deferred tax assets, temporary difference € 306.0                                    
Individual tax loss carryforward limit amount, fiscal year (in percentage) 50.00%                                    
Deferred tax assets               10.0                      
Disposal of deferred tax assets         208.0     319.0                      
Increase (decrease) through restructuring, deferred tax liability (asset)         (412.0)                            
Telefónica Spain | Tribunal Economico-Administrativo Central - Overpayments in 2008-2011                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Corporate income tax                     € (97.0)                
Telefónica Peru | Tax proceedings                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Additions         143.0   S/ 587 138.0   S/ 560                  
Telefónica Peru | Peru - Rulings in June and August 2015 | Tax proceedings                                      
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]                                      
Other provisions         € 761.0     € 945.0           S/ 3,117   S/ 3,849