Note 18 - Tax assets and Liabilities

6 Months Ended

Jun. 30, 2019

Disclosure Of Tax Assets And Liabilties Abstract

Disclosure Of Tax Assets And Liabiltiies Explanatory

18. Tax assets and liabilities

18.1 Consolidated tax group

Pursuant to current legislation, BBVA consolidated tax group in Spain includes the Bank (as the parent company) and its Spanish subsidiaries that meet the requirements provided for under Spanish legislation regulating the taxation regime for the consolidated profit of corporate groups.

The Group’s non-Spanish banks and subsidiaries file tax returns in accordance with the tax legislation in force in each country.

18.2 Current and deferred taxes

The balance under the heading "Tax assets" in the accompanying consolidated balance sheets includes current and deferred tax assets. The balance under the “Tax liabilities” heading includes the Group’s various current and deferred tax liabilities. The details of the mentioned tax assets and liabilities are as follows:

Tax assets and liabilities (Millions of Euros)
	June 2019	December 2018
Tax assets
Current tax assets	1.882	2.784
Deferred tax assets	15.519	15.316
Total	17.401	18.100
Tax Liabilities
Current tax liabilities	1.074	1.230
Deferred tax liabilities	2.323	2.046
Total	3.397	3.276