v3.22.2.2
Income tax and social contribution (Tables)
9 Months Ended
Sep. 30, 2022
Major components of tax expense (income) [abstract]  
Schedule of reconciliation of income tax and social contribution expense
   For the nine-month period ended
September 30,
 
   2022   2021 
Earnings before income tax and social contribution   912    1,436 
Expense of income tax and social contribution   (310)   (488)
Adjustments to reflect the effective rate          
Tax fines   (1)   (1)
Share of profits   12    14 
Interest on equity   -    22 
ICMS subsidy - tax incentives (i)   176    
-
 
Interest selic credits   -    81 
Current period credit   25    - 
Tax benefits   -    19 
Effective income tax   (98)   (353)
Income tax and social contribution for the period          
Current   (74)   (385)
Deferred   (24)   32 
Income tax and social contribution expenses   (98)   (353)
Effective rate   10.7%   24.6%

 

(i)The Company has tax benefits that are characterized as investment subsidies as provided for in Complementary Law n° 160/17 and Law n°. 12,973/14. In the nine-month period ended September 30, 2022, the Company excluded the IRPJ and CSLL calculation bases from the amount constituted in the tax incentive reserve (see note19.4).

 

Schedule of key components of deferred income tax and social contribution in the balance sheets
   As of 
   As of September 30, 2022   December 31, 2021 
   Assets   Liabilities   Net   Assets   Liabilities   Net 
Deferred income tax and social contribution                        
Tax losses   155    
-
    155    167    
-
    167 
Provision for legal proceedings   42    
-
    42    59    
-
    59 
Exchange rate variation   
-
    (16)   (16)   
-
    (7)   (7)
Goodwill tax amortization   
-
    (317)   (317)   
-
    (317)   (317)
Fair value adjustment   
-
    (23)   (23)   1    
-
    1 
Property, plant and equipment, intangible and investment properties   33    
-
    33    33    
-
    33 
Unrealized gains with tax credits   4    
-
    4    
-
    (28)   (28)
Cash flow hedge   
-
    (39)   (39)   
-
    (26)   (26)
Lease net of right of use   120    
-
    120    150    
-
    150 
Provision for restructuring   12    
-
    12    
-
    
-
    
-
 
Provision of inventory   12    
-
    12    15    
-
    15 
Others   40    
-
    40    
-
    (2)   (2)
Gross deferred income tax and social contribution assets (liabilities)   418    (395)   23    425    (380)   45 
Compensation   (395)   395    
-
    (380)   380    
-
 
                               
Net deferred income tax and social contribution assets (liabilities), net   23    
-
    23    45    
-
    45 

 

Schedule of estimates the recovery of the deferred tax assets
Years  Amounts 
Up to 1 year   74 
From 1 year to 2 years   202 
From 4 years to 5 years   5 
More than 5 years   137 
    418 

 

Schedule of changes in deferred income tax and social contribution
   As of 
   September 30,
2022
   December 31,
2021
 
At the beginning of the period   45    (82)
Benefits (expenses) in the period   (24)   127 
Tax over other comprehensive income   1    - 
Others   1    - 
At the end of the period   23    45