XML 47 R27.htm IDEA: XBRL DOCUMENT
v3.23.1

Provision for income taxes expenses | 12 Months Ended
--- | ---
Dec. 31, 2022
Provision for income taxes expenses [Abstract] |
Provision for income taxes expenses | Note 20 — Provision for income taxes expenses Ireland Brera Holdings PLC is a holding company registered in Ireland. The Company was incorporated in Ireland on June 30, 2022, no provision for income taxes in the Ireland has been made as Brera Holdings PLC did not generate any Ireland taxable income for the year ended December 31, 2022. The corporate tax rate for trading income in Ireland in 2022 is 12.50% (2021:12.50%). Italy The Company conducts its major businesses in Italy and is subject to tax in this jurisdiction. During the years ended December 31, 2022, 2021 and 2020, all taxable income (loss) of the Company is generated in Italy. As a result of its business activities, the Company files tax returns that are subject to examination by the Italian Revenue Agency. Italian companies are subject to two enacted income taxes at the following rates:
|  | 2022 |  |  | 2021 |  |  | 2020 |
IRES (state tax) |  |  | 24.00 | % |  |  | 24.00 | % |  |  | 24.00 | %
IRAP (regional tax) |  |  | 3.90 | % |  |  | 3.90 | % |  |  | 3.90 | %
IRES is a state tax and is calculated on the taxable income determined on the income before taxes modified to reflect all temporary and permanent differences regulated by the tax law. IRAP is a regional tax and each Italian region has the power to increase the current rate of 3.90% by a maximum of 0.92%. In general, the taxable base of IRAP is a form of gross profit determined as the difference between gross revenues (excluding interest and dividend income) and direct production costs (excluding interest expense and other financial costs). For the years ended December 31, 2022, 2021 and 2020, the Company’s income tax expenses are as follows:
|  | 2022 |  |  | 2021 |  |  | 2020 |
|  | EUR |  |  | EUR |  |  | EUR |
Current tax expenses |  |  | - |  |  |  | 29,331 |  |  |  | 8,236 |
|  |  | - |  |  |  | 29,331 |  |  |  | 8,236 |
A reconciliation of income taxes at statutory rates with the reported taxes is as follows:
|  | 2022 |  |  | 2021 |  |  | 2020 |
|  | EUR |  |  | EUR |  |  | EUR |
(Loss) profit before tax for the year |  |  | (1,226,855 | ) |  |  | (57,725 | ) |  |  | 10,744 |
Expected income tax recovery – IRES |  |  | (112,400 | ) |  |  | (13,854 | ) |  |  | 2,579 |
Expected income tax recovery – IRAP |  |  | (18,265 | ) |  |  | (2,251 | ) |  |  | 419 |
Expected income tax recovery – Ireland |  |  | (94,815 | ) |  |  | - |  |  |  | - |
Tax loss not recognized |  |  | 225,480 |  |  |  | - |  |  |  | - |
Permanent differences |  |  | - |  |  |  | 45,436 |  |  |  | 5,238 |
Current tax expenses |  |  | - |  |  |  | 29,331 |  |  |  | 8,236 |

X
- References No definition available. + Details
Name: | brer_ProvisionforincometaxesexpensesLineItems
Namespace Prefix: | brer_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Expiry date 2023-01-01: The description of the entity's accounting policy for income tax. Effective 2023-01-01: The description of the entity's material accounting policy information for income tax. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Note Effective 2023-01-01 -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 117 -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-r&anchor=para_117&doctype=Standard -URIDate 2022-03-24 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Note Expiry date 2023-01-01 -Name IAS -Number 1 -IssueDate 2022-03-24 -Paragraph 117 -Subparagraph b -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2022-en-b&anchor=para_117_b&doctype=Standard&forcepdf=true -URIDate 2022-03-24 + Details
Name: | ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration