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Income taxes (Tables)

12 Months Ended

Dec. 31, 2020

Income taxes

Schedule of information about income taxes


(€ million)		2020		2019		2018
Current taxes:
- Italian subsidiaries		199		347		301
- subsidiaries of the Exploration & Production segment - outside Italy		1,517		4,729		4,906
- other subsidiaries - outside Italy		84		152		163
		1,800		5,228		5,370
Net deferred taxes:
- Italian subsidiaries		672		599		130
- subsidiaries of the Exploration & Production segment - outside Italy		73		(172)		497
- other subsidiaries - outside Italy		105		(64)		(27)
		850		363		600
		2,650		5,591		5,970

Schedule of detailed information about the reconciliation between the statutory tax charge and the effective tax charge


(€ million)		2020		2019		2018
Profit (loss) before taxation		(5,978)		5,746		10,107
Tax rate (IRES) (%)		24.0		24.0		24.0
Statutory corporation tax charge (credit) on profit or loss		(1,435)		1,379		2,426
Increase (decrease) resulting from:
- higher tax charges related to subsidiaries outside Italy		1,980		2,934		3,096
- impact pursuant to the write-down of deferred tax assets		1,785		938		261
- impact pursuant to foreign tax effects of italian entities		108		105		46
- Italian regional income tax (IRAP)		107		25		50
- effect due to the tax regime provided for intercompany dividends		96		65		47
- tax effects related to previous years		(30)		147		(24)
- other adjustments		39		(2)		68
		4,085		4,212		3,544
Effective tax charge		2,650		5,591		5,970