Taxes (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Notes and other explanatory information [abstract] |
|
| Schedule of income tax reconciliation |
| Schedule of income tax reconciliation |
|
|
|
|
| |
Three-month
period ended June 30, |
Six-month
period ended June 30, |
| |
2026 |
2025 |
2026 |
2025 |
| Income
before income taxes |
1,782 |
2,103 |
4,227 |
4,146 |
| Income
taxes at statutory rate (34%) |
(606) |
(715) |
(1,437) |
(1,410) |
| Adjustments
that affect the taxes basis: |
|
|
|
|
| Interest
on capital |
228 |
237 |
478 |
449 |
| Tax
incentives |
266 |
342 |
492 |
542 |
| Foreign
exchange effects on tax losses and others |
(196) |
130 |
(297) |
51 |
| Effects
on tax computation of foreign operations |
(14) |
85 |
(51) |
(41) |
| Equity
results |
42 |
(13) |
61 |
(4) |
| Provision
related to Samarco |
(27) |
(30) |
(49) |
(47) |
| Tax
effects arising from divestments and acquisitions, net |
– |
– |
– |
(135) |
| Others |
(61) |
(4) |
(70) |
(20) |
| Income
taxes |
(368) |
32 |
(873) |
(615) |
| Current
tax |
(400) |
(285) |
(642) |
(471) |
| Deferred
tax |
32 |
317 |
(231) |
(144) |
| Income
taxes |
(368) |
32 |
(873) |
(615) |
|
| Schedule of changes in deferred tax assets and liability |
| Schedule of changes in deferred tax assets and liability |
|
|
|
| |
Assets |
Liabilities |
Deferred taxes, net |
| Balance as of December 31, 2025 |
6,318 |
107 |
6,211 |
| Effect in income statement |
(323) |
(92) |
(231) |
| Other comprehensive income |
(292) |
3 |
(295) |
| Transfer between assets and liabilities |
32 |
32 |
– |
| Translation adjustment |
281 |
4 |
277 |
| Balance as of June 30, 2026 |
6,016 |
54 |
5,962 |
| |
|
|
|
| Balance as of December 31, 2024 |
8,244 |
445 |
7,799 |
| Effect in income statement |
(112) |
17 |
(129) |
| Other comprehensive income |
2 |
7 |
(5) |
| Transfer between assets and liabilities |
(103) |
(103) |
– |
| Translation adjustment |
954 |
56 |
898 |
| Incorporations, acquisitions and divestments |
(10) |
(295) |
285 |
| Balance as of June 30, 2025 |
8,975 |
127 |
8,848 |
|
| Schedule of tax exposure |
| Schedule of tax exposure |
|
|
|
|
|
|
| |
June 30, 2026 |
December 31, 2025 |
| |
Assessed (i) |
Potential (ii) |
Total |
Assessed (i) |
Potential (ii) |
Total |
| UTPs not recorded on statement of financial position |
|
|
|
|
|
|
| Transfer pricing over the exportation of ores to a foreign subsidiary |
5,446 |
1,922 |
7,368 |
4,819 |
1,808 |
6,627 |
| Expenses of interest on capital |
1,366 |
– |
1,366 |
1,311 |
– |
1,311 |
| Proceeding related to income tax paid abroad |
570 |
– |
570 |
517 |
– |
517 |
| Goodwill amortization |
1,120 |
80 |
1,200 |
1,008 |
77 |
1,085 |
| Payments to Renova Foundation |
820 |
295 |
1,115 |
733 |
277 |
1,010 |
| Others |
507 |
– |
507 |
470 |
– |
470 |
| Total
not recorded on statement of financial position |
9,829 |
2,297 |
12,126 |
8,858 |
2,162 |
11,020 |
(i) Includes the tax effects arising from the reduction
of the tax losses and negative basis of the CSLL, with fines and interest.
(ii) Includes the principal, without fines and interest.
|
| Schedule of recoverable and payable taxes |
| Schedule of recoverable and payable taxes |
|
|
|
|
|
|
|
|
| |
Current assets |
Non-current assets |
Current liabilities |
Non-current liabilities |
| |
June 30, 2026 |
December 31, 2025 |
June 30, 2026 |
December 31, 2025 |
June 30, 2026 |
December 31, 2025 |
June 30, 2026 |
December 31, 2025 |
| Value-added tax ("ICMS") |
356 |
311 |
12 |
19 |
52 |
52 |
– |
– |
| Brazilian federal contributions ("PIS" and "COFINS") |
239 |
208 |
1,458 |
1,293 |
5 |
2 |
– |
– |
| Income taxes |
1,108 |
973 |
272 |
462 |
565 |
351 |
– |
– |
| Financial compensation for the exploration of mineral resources ("CFEM") |
– |
– |
– |
– |
70 |
77 |
– |
– |
| Other |
14 |
13 |
1 |
2 |
198 |
205 |
– |
– |
| Total taxes payable and recoverable |
1,717 |
1,505 |
1,743 |
1,776 |
890 |
687 |
– |
– |
| |
|
|
|
|
|
|
|
|
| REFIS liabilities (i) |
– |
– |
– |
– |
464 |
423 |
627 |
784 |
| Total REFIS liabilities |
– |
– |
– |
– |
464 |
423 |
627 |
(i) The balance mainly relates to the settlement programs
of claims regarding the collection of income tax and social contribution on equity gains of foreign subsidiaries and associates from 2003
to 2012. This amount bears SELIC interest rate (Special System for Settlement and Custody) and will be paid in monthly installments until
October 2028 and the impact of the SELIC over the liability is recorded under the Company’s financial results (note 15).
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