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Income taxes (Tables) | 12 Months Ended
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Dec. 31, 2022
Income Taxes |
Schedule of income tax reconciliation |
Schedule of income tax reconciliation |  |  |  |  |  |
|  | Year ended December 31,
|  | 2022 |  | 2021 |  | 2020
Income before income taxes |  | 19,781 |  | 29,541 |  | 6,990
Income taxes at statutory rate (34%) |  | (6,726) |  | (10,044) |  | (2,377)
Adjustments that affect the taxes basis: |  |  |  |  |  |
Income tax benefit from interest on capital |  | 556 |  | 260 |  | 316
Tax incentives |  | 1,247 |  | 2,826 |  | 211
Equity results |  | 84 |  | 167 |  | (27)
Addition (reduction) of tax loss carryforward |  | 899 |  | 663 |  | 769
Unrecognized tax losses of the year |  | (197) |  | (115) |  | (215)
Reclassification of cumulative adjustments to the income statement |  | 547 |  | 1,471 |  | -
Other |  | 619 |  | 75 |  | 588
Income taxes |  | (2,971) |  | (4,697) |  | (735)
Current tax |  | (2,020) |  | (5,663) |  | (3,398)
Deferred tax |  | (951) |  | 966 |  | 2,663
Income taxes |  | (2,971) |  | (4,697) |  | (735)
Schedule of deferred income tax assets and liabilities |
Schedule of deferred income tax assets and liabilities |  |  |  |
|  | Year ended December 31,
|  | 2022 |  | 2021
Taxes losses carryforward |  | 5,908 |  | 5,757
Temporary differences: |  |  |  |
Employee post retirement obligation |  | 411 |  | 504
Provision for litigation |  | 364 |  | 346
Asset retirement obligations and other provisions |  | 4,349 |  | 4,384
Fair value of financial instruments |  | 839 |  | 1,373
Fair value of property, plant and equipment in business combination |  | (2,392) |  | (2,857)
Other |  | (122) |  | 53
|  | 9,357 |  | 9,560
Assets |  | 10,770 |  | 11,441
Liabilities |  | (1,413) |  | (1,881)
|  | 9,357 |  | 9,560
Schedule of changes in deferred tax |
Schedule of changes in deferred tax |  |  |  |  |  |
|  | Assets |  | Liabilities |  | Deferred taxes, net
Balance at December 31, 2020 |  | 10,335 |  | 1,770 |  | 8,565
Taxes losses carryforward |  | 830 |  | - |  | 830
Asset retirement obligations and other provisions |  | 226 |  | - |  | 226
Fair value of financial instruments |  | 75 |  | - |  | 75
Fair value of property, plant and equipment in business combination |  | - |  | 138 |  | (138)
Other |  | (27) |  | - |  | (27)
Effect in income statement |  | 1,104 |  | 138 |  | 966
Transfers between assets and liabilities |  | (155) |  | (155) |  | -
Translation adjustment |  | (649) |  | (13) |  | (636)
Other comprehensive income |  | (15) |  | 141 |  | (156)
Tax loss carryforward from coal operations - Discontinued operations |  | 821 |  | - |  | 821
Balance at December 31, 2021 |  | 11,441 |  | 1,881 |  | 9,560
Taxes losses carryforward |  | (68) |  | - |  | (68)
Timing differences arising from assets and liabilities |  | (324) |  | - |  | (324)
Fair value of financial instruments |  | (634) |  | - |  | (634)
Fair value of property, plant and equipment in business combination |  | - |  | (330) |  | 330
Other |  | (255) |  |  |  | (255)
Effect in income statement |  | (1,281) |  | (330) |  | (951)
Transfers between assets and liabilities |  | (136) |  | (136) |  | -
Translation adjustment |  | 688 |  | (75) |  | 763
Other comprehensive income |  | 58 |  | 101 |  | (43)
Sale of California Steel Industries |  | - |  | (28) |  | 28
Balance at December 31, 2022 |  | 10,770 |  | 1,413 |  | 9,357
Schedule of income taxes settlement |
Schedule of income taxes settlement |  |  |  |
|  | Year ended December 31,
|  | 2022 |  | 2021
Current liabilities |  | 371 |  | 324
Non-current liabilities |  | 1,869 |  | 1,964
REFIS liabilities |  | 2,240 |  | 2,288
SELIC rate |  | 13.75% |  | 9.25%
Schedule of uncertain tax positions |
Schedule of uncertain tax positions |  |  |  |
|  | Year ended December 31,
|  | 2022 |  | 2021
UTPs not recorded on balance sheet (i) |  |  |  |
Transfer pricing over the exportation of ores to a foreign subsidiary |  | 829 |  | 669
Expenses of interest on capital |  | 1,154 |  | 981
Proceeding related to income tax paid abroad |  | 439 |  | 399
Goodwill amortization |  | 517 |  | 305
Payments to Renova Foundation |  | 24 |  | 21
Other |  | 696 |  | 747
Total not recorded on balance sheet |  | 3,659 |  | 3,122
UTPs recorded on balance sheet |  |  |  |
Deduction of CSLL in Brazil |  | 155 |  | -
Gain related to incidence of IRPJ and CSLL on SELIC rate in the repetition of undue payment |  | - |  | 34
Total recorded balance sheet |  | 155 |  | 34
(i) | Based on the assessment of its internal and external legal advisors, the Company believes that the tax treatment adopted for these matters will be accepted in decisions of the higher courts on last instance.
Schedule of recoverable and payable taxes |
Schedule of recoverable and payable taxes |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  | December 31, 2022 |  |  |  |  |  | December 31, 2021
|  | Current assets |  | Non-current assets |  | Current liabilities |  | Current assets |  | Non-current assets |  | Current liabilities
Value-added tax ("ICMS") |  | 261 |  | 1 |  | 46 |  | 217 |  | 11 |  | 162
Brazilian federal contributions ("PIS and COFINS") |  | 690 |  | 740 |  | 35 |  | 520 |  | 511 |  | 12
Income taxes |  | 309 |  | 369 |  | 221 |  | 113 |  | 413 |  | 1,861
Financial compensation for the exploration of mineral resources ("CFEM") |  | - |  | - |  | 54 |  | - |  | - |  | 59
Other |  | 12 |  | - |  | 114 |  | 12 |  | - |  | 83
Total |  | 1,272 |  | 1,110 |  | 470 |  | 862 |  | 935 |  | 2,177

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