v3.25.1
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2024
Income Taxes [Abstract]  
Composition of Income Tax Expense
The composition of income tax expense for the years ended December 31, 2022, 2023 and 2024 is as follows:

   
2022
    
2023
    
2024
  
Income Tax attributable to a continuing operation
                  
In Mexico:
                  
Current year income tax
   Ps. 29,865,043     Ps. 32,327,958     Ps. 29,105,637  
Deferred income tax
    
3,454,279
      
(6,706,412
)
    
(12,286,894
)
Foreign:
                        
Current year income tax
    
17,634,494
      
16,026,324
      
19,053,257
  
Deferred income tax
    
(4,909,727
)
    
(7,103,867
)
    
(633,557
)
Total income tax
   Ps. 46,044,089     Ps. 34,544,003     Ps. 35,238,443  
                         
Income Tax attributable to a discontinued operation
                        
Income tax discontinued operations abroad (1)
    
1,805,500
      
—
      
—
  

(1)
Includes effects related to the sale of Panama and the Claro Chile, SpA joint venture. See Note 2Ac.
Deferred Tax Benefit (Expense) Related to Items Recognized In OCI
Deferred tax income / (expense) related to items recognized in OCI during the year:

   
For the years ended December 31,
  
   
2022
    
2023
    
2024
  
Remeasurement of defined benefit plans
   Ps. 2,651,922     Ps. (975,061 )   Ps. 6,328,961  
Equity investments at fair value
    
8,364,109
      
2,836,366
      
(7,491,232
)
Revaluation of Assets
     —
        —
        (495,646)
  
Other
    
(30,336
)
    
—
      
—
  
                         
Deferred tax income recognized in OCI
   Ps 10,985,695     Ps. 1,861,305     Ps. (1,657,917 )
Reconciliation of Statutory Income Tax Rate and Effective Tax Rate A reconciliation of the statutory income tax rate in Mexico to the consolidated effective income tax rate recognized by the Company is as follows:

   
Year ended December 31,
  
   
2022
    
2023
    
2024
  
Statutory income tax rate in Mexico
    
30.0
%
    
30.0
%
    
30.0
%
Impact of non-deductible and non-taxable items:
                        
Tax inflation effects
    
7.2
%
    
2.1
%
    
4.9
%
Derivatives
    
(0.2
)%
    
0.3
%
    
1.3
%
Employee benefits
    
2.0
%
    
1.5
%
    
5.7
%
Other non-deductible items
    
—
      
—
      
8.6
%
 Other
     2.2 %     4.8 %     1.4 %
Effective tax rate on Mexican operations
    
41.2
%
    
38.7
%
    
51.9
%
Tax recoveries and NOL’s in Brazil
    
(2.2
)%
    
(3.5
)%
    
(1.5
)%
Dividends received from associates equity
    
(0.1
)%
    
—
      
0.0
%
Foreign subsidiaries and other non-deductible items, net
    
(2.6
)%(1)
    
(2.2
)%
    
8.8
%
Tax rates differences
    
(2.0
)%
    
(3.1
)%
    
(3.1
)%
 
                        
Effective tax rate from continuing operations
    
34.3
%
    
29.9
%
    
56.1
%
Effective tax rate from discontinued operations
    
(21.2
)%
    
—
      
—
  
 
(1) Includes discontinued operations effects of Claro Chile.
Breakdown of Net Deferred Tax Assets
The breakdown of net deferred tax assets is as follows:

   
Consolidated statements of financial position
    
Consolidated statements of net income
  
   
2023
    
2024
    
2022
    
2023
    
2024
  
Provisions
  
Ps.
 29,562,781    
Ps.
 39,976,016    
Ps.
 1,759,784    
Ps.
 15,065,996    
Ps.
 (2,577,054 )
Deferred revenues
    
8,691,188
      
13,475,756
      
(688,767
)
    
1,767
      
560,731
  
Tax losses carry forward
    
36,970,123
      
38,397,674
      
1,202,546
      
8,575,209
      
508,256
  
Property, plant and equipment (1)
    
(8,699,418
)
    
(3,830,404
)
    
1,696,734
      
2,157,776
      
(239,696)
  
Inventories
    
1,054,611
      
965,844
      
253,932
      
669,382
      
12,715
  
Licenses and rights of use (1)
    
(2,621,672
)
    
(13,293,040
)
    
229,244
      
141,060
      
372,803
  
Employee benefits
    
34,663,794
      
35,455,273
      
(6,148,504
)
    
(3,224,333
)
    
(3,431,627
)
Other
    
16,993,113
      
14,338,351
      
3,150,479
      
(9,576,577
)
    
17,714,323
  
                                         
Net deferred tax assets
  
Ps.
 116,614,520    
Ps.
 125,485,470                          
                                         
Deferred tax benefit in net profit for the year
    
Ps.
 1,455,448    
Ps.
 13,810,280    
Ps.
 12,920,451  
Deferred tax from discontinued operations
      
1,808,298
      
—
      
—
  


 (1)
As of December 31, 2023 and 2024, the balance included the effects of hyperinflation and revaluation of telecommunications towers.
Reconciliation of Deferred Tax Assets and Liabilities, Net
Reconciliation of deferred tax assets and liabilities, net:

   
2023
    
2024
  
Opening balance as of January 1,
   Ps.
98,415,751     Ps.
116,614,520  
Deferred tax benefit
    
13,810,280
      
12,920,451
  
Translation effect
    
3,202,557
      
(4,202,772
)
Deferred tax income recognized in OCI
    
1,861,305
      
(1,657,918
)
Deferred taxes acquired in business combinations
    
(529,191
)
    
1,811,189
  
Hyperinflationary effect in Argentina
    
(146,182
)
    
—
                 
Closing balance as of December 31,
   Ps.
116,614,520     Ps.
125,485,470  
                 
Presented in the consolidated statements of financial position as follows:
                
Deferred income tax assets
   Ps.
137,883,622     Ps.
153,217,164  
Deferred income tax liabilities
    
(21,269,102
)
    
(27,731,694
)
                 
    Ps.
116,614,520
     Ps.
125,485,470
  
Available Tax Loss Carryforwards Recorded in Deferred Tax Assets
a) At December 31, 2024, the available tax loss carryforwards recorded in deferred tax assets are as follows on a country by country basis:

Country
 
  
Gross balance
of available tax loss
carryforwards at
December 31, 2024
    
Tax-effected
loss carryforward
benefit
  
Brazil
  
Ps.
76,764,579    
Ps.
26,099,957  
Mexico
    
24,024,986
      
7,207,496
  
Chile
    
14,978,693
      
4,044,247
  
Others
    
4,366,931
      
1,045,974
  
                 
Total
  
Ps.
120,135,189    
Ps. 
 38,397,674