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v3.25.1

Taxes | 12 Months Ended
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Dec. 31, 2024
Taxes |
Taxes | Note 24 - Taxes The accounting policy on income tax and social contribution is presented in Note 2c XIII. ITAÚ UNIBANCO HOLDING and each one of its subsidiaries calculate separately, in each fiscal year, Income tax and social contribution on net income. Taxes are calculated at the rates shown below and consider, for effects of respective calculation bases, the legislation in force applicable to each charge.
Schedule of calculation of tax rates |
Income tax | 15.00%
Additional income tax | 10.00%
Social contribution on net income | 20.00%
a) Expenses for taxes and contributions Breakdown of income tax and social contribution calculation on net income:
Schedule of breakdown of income tax and social contribution expense |  |  |
Due on operations for the period | 01/01 to 12/31/2024 | 01/01 to 12/31/2023 | 01/01 to 12/31/2022
Income / (loss) before income tax and social contribution | 47,556 | 39,700 | 36,694
Charges (income tax and social contribution) at the rates in effect (1) | (21,401) | (17,865) | (16,665)
Increase / decrease in income tax and social contribution charges arising from: |  |  |
Share of profit or (loss) of associates and joint ventures | 1,478 | 1,168 | 954
Interest on capital | 5,559 | 5,419 | 4,449
Other nondeductible expenses net of non taxable income (2) | 4,931 | 2,593 | 4,667
Income tax and social contribution expenses | (9,433) | (8,685) | (6,595)
Related to temporary differences |  |  |
Increase / (reversal) for the period | 4,005 | 2,862 | 143
(Expenses) / Income from deferred taxes | 4,005 | 2,862 | 143
Total income tax and social contribution expenses | (5,428) | (5,823) | (6,452)
1) | In 2022, it considers the current IRPJ and CSLL rate equal to 45% in the period from January to July and it is equal to 46% in the period from August to December.
2) | Includes temporary (additions) and exclusions.
b) Deferred taxes I - The deferred tax assets balance and its changes, segregated based on its origin and disbursements, are represented by:
Schedule of deferred tax asset balance and respective changes |  |  |  |
01/01/2024 | 12/31/2023 | Realization / Reversal | Increase | 12/31/2024
Reflected in income | 58,714 | (17,283) | 23,205 | 64,636
Provision for expected loss | 37,658 | (6,430) | 10,552 | 41,780
Related to tax losses and social contribution loss carryforwards | 2,325 | (385) | 529 | 2,469
Provision for profit sharing | 2,794 | (2,794) | 3,258 | 3,258
Provision for devaluation of securities with permanent impairment | 1,006 | (1,006) | 1,738 | 1,738
Provisions | 5,869 | (2,354) | 2,762 | 6,277
Civil lawsuits | 1,227 | (730) | 742 | 1,239
Labor claims | 2,867 | (1,509) | 1,816 | 3,174
Tax and social security obligations | 1,775 | (115) | 204 | 1,864
Legal obligations | 279 | (15) | 111 | 375
Adjustments of operations carried out on the futures settlement market | - | - | 787 | 787
Adjustment to fair value of financial assets - At fair value through profit or loss | 755 | (755) | 245 | 245
Provision relating to health insurance operations | 395 | (30) | - | 365
Other | 7,633 | (3,514) | 3,223 | 7,342
Reflected in stockholders’ equity | 2,954 | (244) | 2,860 | 5,570
Adjustment to fair value of financial assets - At fair value through other comprehensive income | 2,022 | (244) | 2,490 | 4,268
Cash flow hedge | 108 | - | 284 | 392
Other | 824 | - | 86 | 910
Total | 61,668 | (17,527) | 26,065 | 70,206
01/01/2023 | 12/31/2022 | Realization / Reversal | Increase | 12/31/2023
Reflected in income | 55,806 | (19,135) | 22,043 | 58,714
Provision for expected loss | 34,160 | (9,142) | 12,640 | 37,658
Related to tax losses and social contribution loss carryforwards | 2,496 | (547) | 376 | 2,325
Provision for profit sharing | 2,635 | (2,635) | 2,794 | 2,794
Provision for devaluation of securities with permanent impairment | 812 | (812) | 1,006 | 1,006
Provisions | 5,734 | (2,224) | 2,359 | 5,869
Civil lawsuits | 1,230 | (781) | 778 | 1,227
Labor claims | 3,010 | (1,328) | 1,185 | 2,867
Tax and social security obligations | 1,494 | (115) | 396 | 1,775
Legal obligations | 464 | (207) | 22 | 279
Adjustments of operations carried out on the futures settlement market | 171 | (171) | - | -
Adjustment to fair value of financial assets - At fair value through profit or loss | 804 | (804) | 755 | 755
Provision relating to health insurance operations | 400 | (5) | - | 395
Other | 8,130 | (2,588) | 2,091 | 7,633
Reflected in stockholders’ equity | 3,453 | (1,196) | 697 | 2,954
Adjustment to fair value of financial assets - At fair value through other comprehensive income | 2,546 | (962) | 438 | 2,022
Cash flow hedge | 342 | (234) | - | 108
Other | 565 | - | 259 | 824
Total | 59,259 | (20,331) | 22,740 | 61,668
Deferred income tax and social contribution assets and liabilities are recorded in the balance sheet offset by a taxable entity and amounting to R$ 58,859 (R$ 53,691 at 12/31/2023) and R$ 603 (R$ 560 at 12/31/2023), respectively. II - The deferred tax liabilities balance and its changes are represented by:
01/01/2024 | 12/31/2023 | Realization / reversal | Increase | 12/31/2024
Reflected in income | 7,148 | (2,368) | 4,285 | 9,065
Depreciation in excess finance lease | 130 | (23) | - | 107
Adjustment of deposits in guarantee and provisions | 1,572 | (9) | 191 | 1,754
Post-employment benefits | 15 | (15) | 260 | 260
Adjustments of operations carried out on the futures settlement market | 416 | (416) | - | -
Adjustment to fair value of financial assets - At fair value through profit or loss | 1,450 | (1,450) | 3,538 | 3,538
Taxation of results abroad – capital gains | 740 | - | 24 | 764
Other | 2,825 | (455) | 272 | 2,642
Reflected in stockholders’ equity | 1,389 | (147) | 1,643 | 2,885
Adjustment to fair value of financial assets - At fair value through other comprehensive income | 1,381 | (143) | 1,643 | 2,881
Post-employment benefits | 8 | (4) | - | 4
Total | 8,537 | (2,515) | 5,928 | 11,950
01/01/2023 |
| 12/31/2022 | Realization / reversal | Increase | 12/31/2023
Reflected in income | 7,111 | (2,300) | 2,337 | 7,148
Depreciation in excess finance lease | 141 | (11) | - | 130
Adjustment of deposits in guarantee and provisions | 1,439 | (92) | 225 | 1,572
Post-employment benefits | 17 | (17) | 15 | 15
Adjustments of operations carried out on the futures settlement market | 42 | (42) | 416 | 416
Adjustment to fair value of financial assets - At fair value through profit or loss | 1,554 | (1,554) | 1,450 | 1,450
Taxation of results abroad – capital gains | 734 | (10) | 16 | 740
Other | 3,184 | (574) | 215 | 2,825
Reflected in stockholders’ equity | 859 | (331) | 861 | 1,389
Adjustment to fair value of financial assets - At fair value through other comprehensive income | 854 | (331) | 858 | 1,381
Post-employment benefits | 5 | - | 3 | 8
Total | 7,970 | (2,631) | 3,198 | 8,537
Deferred income tax and social contribution assets and liabilities are recorded in the balance sheet offset by a taxable entity and amounting to R$ 58,859 (R$ 53,691 at 12/31/2023) and R$ 603 (R$ 560 at 12/31/2023), respectively. III - The estimate of realization and present value of deferred tax assets and deferred tax liabilities are:
Schedule of realization and present value of tax credits and from provision for deferred income tax and social contribution |  |  |  |  |  |  |  |  |  |
| Deferred tax assets | Deferred tax liabilities | % | Net deferred taxes | %
Year of realization | Temporary differences | % | Tax loss / social contribution loss carryforwards | % | Total | %
2025 | 12,140 | 17.9% | 404 | 16.4% | 12,544 | 17.9% | (1,209) | 10.1% | 11,335 | 19.5%
2026 | 7,872 | 11.6% | 171 | 6.9% | 8,043 | 11.5% | (313) | 2.6% | 7,730 | 13.3%
2027 | 7,468 | 11.0% | 99 | 4.0% | 7,567 | 10.8% | (272) | 2.3% | 7,295 | 12.5%
2028 | 7,093 | 10.5% | 100 | 4.1% | 7,193 | 10.2% | (405) | 3.4% | 6,788 | 11.7%
2029 | 6,758 | 10.0% | 170 | 6.9% | 6,928 | 9.9% | (851) | 7.1% | 6,077 | 10.4%
After 2029 | 26,406 | 39.0% | 1,525 | 61.7% | 27,931 | 39.7% | (8,900) | 74.5% | 19,031 | 32.6%
Total | 67,737 | 100.0% | 2,469 | 100.0% | 70,206 | 100.0% | (11,950) | 100.0% | 58,256 | 100.0%
Present value (1) | 52,656 |  | 1,806 |  | 54,462 |  | (8,021) |  | 46,441 |
1) | The average funding rate, net of tax effects, was used to determine the present value.
Net income in the financial statements is not directly related to the taxable income for income tax and social contribution, due to differences between accounting criteria and the tax legislation, in addition to corporate aspects. Accordingly, it is recommended that changes in realization of deferred tax assets presented above are not considered as an indication of future net income. IV - Deferred tax assets not accounted At 12/31/2024, deferred tax assets not accounted for correspond to R$ 88 (R$ 273 at 12/31/2023) and result from Management’s evaluation of their perspectives of realization in the long term. c) Tax liabilities
Schedule of tax liabilities |  |  |
| Note | 12/31/2024 | 12/31/2023
Taxes and contributions on income payable |  | 4,364 | 3,970
Deferred tax liabilities | 24b II | 603 | 560
Other |  | 6,378 | 4,672
Total |  | 11,345 | 9,202
Current |  | 8,444 | 7,915
Non-current |  | 2,901 | 1,287

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