25. Other debt

At December 31, 2014, other debt totaled €116,967 thousand, a net decrease of €19,060 thousand over December 31, 2013, and included the following:

(€ thousand)At December 31, 2014At December 31, 2013Change
Other debt:      
Intercompany debt:      
Consolidated Italian corporate tax 45,499 78,746 (33,247)
Consolidated VAT 34,154 46,260 (12,106)
Other 3,455 2,712 743
Total intercompany debt 83,108 127,718 (44,610)
Current amounts payable to employees, social security, directors and statutory auditors 8,509 2,150 6,359
Taxes payable-direct tax 4,236 24 4,212
Taxes payable-indirect tax 11,900 966 10,934
Accrued expenses 6,142 3,058 3,084
Other 3,072 2,111 961
Total other debt 116,967 136,027 (19,060)

At December 31, 2014, intercompany debt for consolidated VAT of €34,154 thousand consisted of VAT receivables of Italian subsidiaries transferred to CNH Industrial N.V. as part of the consolidated VAT regime.

Intercompany debt for consolidated Italian corporate tax of €45,499 thousand (€78,746 thousand at December 31, 2013) consisted of compensation payable for tax losses and Italian corporate tax credits contributed by Italian subsidiaries participating in the domestic tax consolidation program for 2014 in relation to which CNH Industrial N.V. is the consolidating entity.

At December 31, 2014 taxes payable consisted of VAT payable debit due in the UK.

Other debt and taxes payable are all due within one year and their carrying amount is deemed to approximate their fair value.