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Taxes - Reconciliation of the income tax expenses (Details) - COP ($)
$ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Taxes      
Net income before income tax $ 36,898,946 $ 54,163,418 $ 26,425,817
Statutory tax rate 35.00% 35.00% 31.00%
Income tax at statutory rate $ 12,914,631 $ 18,957,196 $ 8,192,003
Effective tax rate reconciliation items:      
Adjustment - IAS 12.41 (2,032,193) 1,946,269 1,194,065
Non-deductible expenses 646,616 448,433 387,407
Rate differential adjustment (1,630,935) (670,080) (304,176)
Non-taxable income (1,080,149) (739,243) (517,483)
Prior years' taxes 77,022 17,421 (90,860)
Foreign currency translation and exchange difference 577,949 (82,028) (149,035)
Tax discounts and tax credit (18,215) (184,054) (173,154)
Others 119,154 (71,057) 285,489
Effect of tax reform 1,941,995 (658,919) (28,993)
Income tax expenses $ 11,515,875 $ 18,963,938 $ 8,795,263
Effective tax rate 31.20% 35.00% 33.30%
Current $ 12,867,278 $ 16,801,363 $ 6,940,660
Deferred (1,351,403) 2,162,575 1,854,603
Income tax expenses $ 11,515,875 $ 18,963,938 $ 8,795,263