996 - Banca Antonveneta

Section 18Taxes on income from continuing operations - Entry 26018.1 Taxes on income from continuing operations: breakdownItem/ValueIRES(corporation tax)IRAP(regionalbusiness tax)Other taxes 31.12.2007 31.12.20061. Current taxes (-) - (41,831) (10,248) (52,079) (120,107)2. Change in current taxes for previous periods (+/-) 2,335 107 2,761 5,203 (3,196)3. Reduction in current tax payable for fiscal year (+/-) 26,602 - - 26,602 -4. Changes in prepaid taxes (+/-) (154,253) (9,665) - (163,918) (91,354)5. Change in deferred taxes (+/-) (3,331) 570 - (2,761) (14,445)6. Income taxes for the period (-) (-1+/-2+3+/-4+/-5) (128,647) (50,819) (7,487) (186,953) (229,102)18.2 Reconciliation of theoretical fiscal charge and effective fiscal chargeIRES (corporation tax)Corporateincome tax %(IRES)Corporate income taxes with nominal rate application 56,697 33.00Effect of tax increases:Losses from securities 32,733 19.05Sundry administrative expenses 1,718 1.00Allowance to provisions 7,080 4.12Telephone costs 1,051 0.61Effect of changing rate on deferred tax 63,256 36.82Other increases 2,155 1.25Total increases 107,993 62.85Effect of tax decreases:Dividends (26,612) -15.49Capital gains on securities (6,716) -3.91Othed decreases (231) -0.13Lower tax attributable to prior years (2,484) -1.45Total decreases (36,043) -20.98Total tax changes 71,950 41.87Corporate income taxes accounted for in P&L 128,647 74.87IRAP (regional business tax)Regional tax onbusinessactivities (IRAP)Regional taxes on business activities with nominal rate application 7,302 4.25Effect of tax increases:Personnel costs 28,623 16.66Net adjustments to loans 15,788 9.19Allowances for risks and charges 1,827 1.06Charges in corporate income tax pertaining to losses from securities 3,189 1.86Charges in corporate income tax pertaining to other increases 655 0.38Other increases 700 0.41Rate increases resolved upon by regions 6,533 3.80Total increases 57,315 33.36effect of tax decreases:Dividends (3,580) -2.08Profits/losses from immobilized securities (2,915) -1.70"Tax wedge" deduction (2,625) -1.53Charges in corporate income tax pertaining to other decreases (13) -0.01Effect of changing rate on deferred tax (3,451) -2.01Lower tax attributable to prior years (87) -0.05Other decreases (1,127) -0.66Total decreases (13,798) -8.04Total tax changes 43,517 25.32Regional taxes in business activities accounted for in P&L 50,819 29.57%310