26 Income tax
Inhoudsopgave Voorwoord Bestuursverslag Corporate governance Consolidated Financial Statements Company Financial Statements Pillar 3
Fund amounted to 151In 2015, the contribution to the
National Resolution Fund amounted to 66.
Perthe end of 2015, the new pre-funded deposit guarantee
scheme was introduced. In 2016, banks have to pay a premium
on a quarterly basis. Target size of the scheme is 0.8% of
total guaranteed deposits of all banks together.ln 2016, the
contribution to the Deposit Guarantee Scheme amounted
to 131.
The major components of the income tax is included below.
in millions of euros
2016
2015
Income tax
Reporting period
(34)
(280)
Adjustments of previous years
(6)
(3)
Deferred tax
95
125
Total income tax
55
(158)
Effective tax rate
2.7%
(21.1%)
Applicable tax rate
25.0%
25.0%
The effective tax rate differs from the applicable tax rate in 2016
mainly because of the participation exemption, the deduction
of interest payments on Capital Securities and the impairment
of Achmea.
290 Rabobank Jaarverslag 2016
