
Article 1 
Implementing Regulation (EU) 2015/2452 is amended as follows:

((1)) Annex I is amended in accordance with Annex I to this Regulation;
((2)) Annex II is amended in accordance with Annex II to this Regulation.
Article 2 
This Regulation shall enter into force the twentieth day following that of its publication in the Official Journal of the European Union.
It shall apply from 1 January 2020.
This Regulation shall be binding in its entirety and directly applicable in all Member States.Done at Brussels, 27 November 2019.
For the Commission
The President
Jean-Claude JUNCKER
ANNEX I

Annex I to Implementing Regulation (EU) 2015/2452 is amended as follows:

((1)) in template S.25.01.21 — Solvency Capital Requirement — for undertakings on Standard Formula, the following tables are added:

 ‘Approach to tax rate

  Yes/No
  C0109
Approach based on average tax rate R0590 
 Calculation of loss absorbing capacity of deferred taxes

  LAC DT
  C0130’
LAC DT R0640 
LAC DT justified by reversion of deferred tax liabilities R0650 
LAC DT justified by reference to probable future taxable economic profit R0660 
LAC DT justified by carry back, current year R0670 
LAC DT justified by carry back, future years R0680 
Maximum LAC DT R0690 
((2)) in template S.25.02.21 — Solvency Capital Requirement — for undertakings using the standard formula and partial internal model the following tables are added:

 ‘Approach to tax rate

  Yes/No
  C0109
Approach based on average tax rate R0590 
 Calculation of loss absorbing capacity of deferred taxes

  LAC DT
  C0130’
Amount/estimate of LAC DT R0640 
Amount/estimate of LAC DT justified by reversion of deferred tax liabilities R0650 
Amount/estimate of LAC DT justified by reference to probable future taxable economic profit R0660 
Amount/estimate of LAC DT justified by carry back, current year R0670 
Amount/estimate of LAC DT justified by carry back, future years R0680 
Amount/estimate of Maximum LAC DT R0690 
((3)) in template S.25.03.21 — Solvency Capital Requirement — for undertakings on Full Internal Models the following tables are added:

 ‘Approach to tax rate

  Yes/No
  C0109
Approach based on average tax rate R0590 
 Calculation of loss absorbing capacity of deferred taxes

  LAC DT
  C0130’
Amount/estimate of LAC DT R0640 
Amount/estimate of LAC DT justified by reversion of deferred tax liabilities R0650 
Amount/estimate of LAC DT justified by reference to probable future taxable economic profit R0660 
Amount/estimate of LAC DT justified by carry back, current year R0670 
Amount/estimate of LAC DT justified by carry back, future years R0680 
Amount/estimate of Maximum LAC DT R0690 

ANNEX II

Annex II to Implementing Regulation (EU) 2015/2452 is amended as follows:

((1)) in section ‘S.25.01 — Solvency Capital Requirement – for undertakings on standard formula’, the following rows are added in the table:

‘Approach to tax rate
R0590/C0109 Approach based on average tax rate One of the options in the following closed list shall be used:1 – Yes2 – No3 – Not applicable as LAC DT is not used (in this case R0640 to R0690 are not applicable)See EIOPA Guidelines on loss-absorbing capacity of technical provisions and deferred taxes (EIOPA-BoS-14/177)
Calculation of adjustment for loss-absorbing capacity of deferred taxes
R0640/C0130 LAC DT Amount of loss-absorbing capacity of deferred taxes, as defined in Article 207 of Delegated Regulation (EU) 2015/35. The LAC amount of this cell should be the same as the value in the cell R0150/C0100 in S.25.01.
R0650/C0130 LAC DT justified by reversion of deferred tax liabilities Amount of loss-absorbing capacity of deferred taxes, calculated in accordance with Article 207 of Delegated Regulation (EU) 2015/35 justified by reversion of deferred tax liabilities
R0660/C0130 LAC DT justified by reference to probable future taxable economic profit Amount of loss-absorbing capacity of deferred taxes, calculated in accordance with Article 207 of Delegated Regulation (EU) 2015/35 justified by reference to probable future taxable economic profit
R0670/C0130 LAC DT justified by carry back, current year Amount of loss-absorbing capacity of deferred taxes, calculated in accordance with Article 207 of Delegated Regulation (EU) 2015/35, justified by profits from past years. Amount of the losses allocated to the next year.
R0680/C0130 LAC DT justified by carry back, future years Amount of loss-absorbing capacity of deferred taxes, calculated in accordance with Article 207 of Delegated Regulation (EU) 2015/35, justified by profits from past years. Amount of losses allocated to the years after next year.
R0690/C0130 Maximum LAC DT Maximal amount of LAC DT that could be available, before the assessment whether the increase in net deferred tax assets can be used for the purposes of the adjustment, as provided for in Article 207(2) of Delegated Regulation (EU) 2015/35

((2)) in section ‘S.25.02 — Solvency Capital Requirement – for undertakings using the standard formula and partial internal model’, the following rows are added in the table:
'
Approach to tax rate
R0590/C0109 Approach based on average tax rate One of the options in the following closed list shall be used:1– Yes2 – No3 – Not applicable as LAC DT is not used (in this case R0640 to R0690 are not applicable)See EIOPA Guidelines on loss-absorbing capacity of technical provisions and deferred taxes (EIOPA-BoS-14/177)
Calculation of adjustment for loss-absorbing capacity of deferred taxes
R0640/C0130 Amount/estimate of LAC DT Amount/estimate of loss-absorbing capacity of deferred taxes, calculated in accordance with Article 207 of Delegated Regulation (EU) 2015/35. The LAC amount of this cell should be the same as the value in the cell R0310/C0100 in S.25.02.
R0650/C0130 Amount/estimate of LAC DT justified by reversion of deferred tax liabilities Amount/estimate of loss-absorbing capacity of deferred taxes, calculated in accordance with Article 207 of Delegated Regulation (EU) 2015/35, justified by reversion of deferred tax liabilities
R0660/C0130 Amount/estimate of LAC DT justified by reference to probable future taxable economic profit Amount/estimate of loss-absorbing capacity of deferred taxes, calculated in accordance with Article 207 of Delegated Regulation (EU) 2015/35, justified by reference to probable future taxable economic profit
R0670/C0130 Amount/estimate of LAC DT justified by carry back, current year Amount of loss-absorbing capacity of deferred taxes, calculated in accordance with Article 207 of Delegated Regulation (EU) 2015/35, justified by profits from past years. Amount of the losses allocated to the next year.
R0680/C0130 Amount/estimate of LAC DT justified by carry back, future years Amount of loss-absorbing capacity of deferred taxes, calculated in accordance with Article 207 of Delegated Regulation (EU) 2015/35, justified by profits from past years. Amount of losses allocated to the years after next year.
R0690/C0130 Amount/estimate of Maximum LAC DT Maximal amount of loss-absorbing capacity of deferred taxes that could be available, before the assessment whether the increase in net deferred tax assets can be used for the purposes of the adjustment, as provided for in Article 207(2) of Delegated Regulation (EU) 2015/35'
((3)) in section ‘S.25.03 — Solvency Capital Requirement – for groups using full internal model’, the following rows are added in the table:
'
R0590/C0109 Approach based on average tax rate One of the options in the following closed list shall be used:1 – Yes2 – No3 – Not applicable as LAC DT is not used (in this case R0640 to R0690 are not applicable)See EIOPA Guidelines on loss-absorbing capacity of technical provisions and deferred taxes (EIOPA-BoS-14/177)
Calculation of adjustment for loss-absorbing capacity of deferred taxes
R0640/C0130 Amount/estimate of LAC DT Amount/estimate of loss-absorbing capacity of deferred taxes, as defined in Article 207 of Delegated Regulation (EU) 2015/35. The LAC amount of this cell should be the same as the value in the cell R0310/C0100 in S.25.02.
R0650/C0130 Amount/estimate of LAC DT justified by reversion of deferred tax liabilities Amount/estimate of loss-absorbing capacity of deferred taxes, as calculated in accordance with Article 207 of Delegated Regulation (EU) 2015/35, justified by reversion of deferred tax liabilities
R0660/C0130 Amount/estimate of LAC DT justified by reference to probable future taxable economic profit Amount/estimate of loss-absorbing capacity of deferred taxes, as calculated in accordance with Article 207 of Delegated Regulation (EU) 2015/35, justified by reference to probable future taxable economic profit
R0670/C0130 Amount/estimate of LAC DT justified by carry back, current year Amount of loss-absorbing capacity of deferred taxes, calculated in accordance with Article 207 of Delegated Regulation (EU) 2015/35, justified by profits from past years. Amount of the losses allocated to the next year.
R0680/C0130 Amount/estimate of LAC DT justified by carry back, future years Amount of loss-absorbing capacity of deferred taxes, calculated in accordance with Article 207 of Delegated Regulation (EU) 2015/35, justified by profits from past years. Amount of losses allocated to the years after next year.
R0690/C0130 Amount/estimate of Maximum LAC DT Maximal amount of loss-absorbing capacity of deferred taxes that could be available, before the assessment whether the increase in net deferred tax assets can be used for the purposes of the adjustment as provided for in Article 207(2) of Delegated Regulation (EU) 2015/35'
