Moncler Group | Annual Report 2024 Consolidated Financial Statements 382  | 

5.12 Other current and non-current liabilities

The caption taxes payable includes mainly value added tax (VAT)

and payroll tax withholding.

5.13 Tax assets and liabilities

Ta

x assets amounted to EUR 12.2 million as at 31 December 2024

(EUR 9.3 million as at 31 December 2023).

Tax liabilities amounted to EUR 136.2 million as at 31

December 2024 (EUR 134.5 million as at 31 December 2023).

T

hey are recognised net of current tax assets, where the of fsetting

relates to the same tax jurisdiction and tax system.

Please note that the subsidiary Industries S.p.A. received

in 2023 a Tax Assessment Notice related to the 2017 f inancial

year, which reports some f indings related to transfer price

methodologies, which ref lect the same included in the previous

notice relating to the 2016 f inancial year. A discussion

on the same issues has been started with the Italian Revenue

Agency on the 2018 f inancial year. The Company believes

that the f indings raised are unfounded and has therefore

taken action in the appropriate forums to protect its position

and, also supported by the opinion of the primary consultants

in charge, is conf ident that the correctness of its actions

will emerge as a result of the dispute initiated. With reference

to the tax audit related to 2016 and 2017 f inancial years

please note that in order to limit the ef fects of a possible double

taxation the Mutual Agreement Procedures have been

activated in the countries involved

OTHER CURRENT AND NON-CURRENT LIABILITIES

EUR/000 31 December 2024 31 December 2023

Deferred income and accrued expenses — current 631 699

Advances and payments on account to customers 21,528 23,636

Employee and social institutions 78,429 78,575

Tax accounts payable, excluding income taxes 34,621 36,978

Other current payables 10,255 13,024

OTHER CURRENT LIABILITIES 145,464 152,912

DEFERRED INCOME AND ACCRUED EXPENSES — NON-CURRENT 73 103

OTHER NON-CURRENT LIABILITIES 73 103

TOTAL 145,537 153,015

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