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v3.24.3

Taxes (Tables) | 6 Months Ended
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Jun. 30, 2024
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,
| Notes | 2024 | 2023 | 2024 | 2023
Income before income taxes |  | 2,735 | 2,720 | 4,870 | 5,016
Income taxes at statutory rate (34%) |  | (930) | (925) | (1,656) | (1,705)
Adjustments that affect the taxes basis: |  |  |  |  |
Tax incentives |  | 298 | 497 | 767 | 902
Equity results |  | 4 | 33 | (3) | 3
Reduction of tax loss carryforward |  | 369 | (172) | 213 | (243)
Reversal of deferred income tax related to Renova Foundation | 24 | - | (1,078) | - | (1,078)
Reclassification of cumulative adjustments to the income statement |  | (4) | - | (22) | -
Gain on divestment in PTVI | 15(a) | 358 | - | 358 | -
Other |  | (61) | (147) | (71) | (89)
Income taxes |  | 34 | (1,792) | (414) | (2,210)
Current tax |  | (639) | (404) | (1,373) | (622)
Deferred tax |  | 673 | (1,388) | 959 | (1,588)
Income taxes |  | 34 | (1,792) | (414) | (2,210)
Schedule of deferred income tax assets and liabilities |
Schedule of deferred income tax assets and liabilities |  |  |
| Assets | Liabilities | Deferred taxes, net
Balance as of December 31, 2023 | 9,565 | 870 | 8,695
Effect in income statement | 875 | (96) | 971
Incorporation | (2) | (2) | -
Other comprehensive income | 602 | 15 | 587
Transfer between assets and liabilities | 50 | 50 | -
Translation adjustment | (1,159) | (31) | (1,128)
Balance as of June 30, 2024 | 9,931 | 806 | 9,125
Balance as of December 31, 2022 | 10,770 | 1,413 | 9,357
Effect in income statement | (1,620) | (32) | (1,588)
Other comprehensive income | (30) | (2) | (28)
Translation adjustment | 784 | 32 | 752
Balance as of June 30, 2023 | 9,904 | 1,411 | 8,493
Schedule of income taxes - Settlement program |
Schedule of income taxes - Settlement program |  |
| June 30, 2024 | December 31, 2023
Current liabilities | 383 | 428
Non-current liabilities | 1,284 | 1,723
REFIS liabilities | 1,667 | 2,151
SELIC rate | 10.50% | 11.75%
Schedule of uncertain tax positions |
Schedule of uncertain tax positions |  |  |  |  |  |
| June 30, 2024 | December 31, 2023
| Assessed (i) | Potential (ii) | Total | Assessed (i) | Potential (ii) | Total
UTPs not recorded on statement of financial position (iii) |  |  |  |  |  |
Transfer pricing over the exportation of ores to a foreign subsidiary | 1,967 | 2,610 | 4,577 | 2,144 | 3,010 | 5,154
Expenses of interest on capital | 1,361 | - | 1,361 | 1,511 | - | 1,511
Proceeding related to income tax paid abroad | 461 | - | 461 | 512 | - | 512
Goodwill amortization | 696 | 117 | 813 | 606 | 190 | 796
Payments to Renova Foundation | 150 | 467 | 617 | 167 | 536 | 703
Other | 347 | - | 347 | 468 | - | 468
Total UTPs not recorded on statement of financial position | 4,982 | 3,194 | 8,176 | 5,408 | 3,736 | 9,144
UTPs recorded on statement of financial position |  |  |  |  |  |
Deduction of CSLL in Brazil | 165 | - | 165 | 183 | - | 183
Total UTPs recorded on statement of financial position | 165 | - | 165 | 183 | - | 183
(i) Includes the tax effects arising from the reduction of the tax losses and negative basis of the CSLL without fines and interest. (ii) Includes the principal, without fines and interest. (iii) 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 taxes payables |
Schedule of recoverable and taxes payables |  |  |  |  |  |
| Consolidated
| Current assets | Non-current assets | Current liabilities
| June 30, 2024 | December 31, 2023 | June 30, 2024 | December 31, 2023 | June 30, 2024 | December 31, 2023
Value-added tax ("ICMS") | 212 | 232 | 2 | 5 | 36 | 25
Brazilian federal contributions ("PIS" and "COFINS") | 244 | 355 | 981 | 1,010 | 4 | 615
Income taxes | 195 | 302 | 346 | 358 | 1,031 | 429
Financial compensation for the exploration of mineral resources ("CFEM") | - | - | - | - | 71 | 93
Other | 8 | 11 | - | 1 | 100 | 152
Total | 659 | 900 | 1,329 | 1,374 | 1,242 | 1,314

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