XML 50 R41.htm IDEA: XBRL DOCUMENT v3.24.3
Taxes (Tables)
 6 Months Ended
Jun. 30, 2024
Notes and other explanatory information [abstract]  
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
     
  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
   
  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
           
  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
           
  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