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Taxes - Reconciliation of the income tax expenses (Details) - COP ($) $ in Millions | 12 Months Ended
--- | ---
Dec. 31, 2024 | Dec. 31, 2023 | Dec. 31, 2022
Taxes. |  |  |
Net income before income tax | $ 30,707,415 | $ 36,898,946 | $ 54,163,418
Statutory tax rate | 35.00% | 35.00% | 35.00%
Income tax at statutory rate | $ 10,747,595 | $ 12,914,631 | $ 18,957,196
Effective tax rate reconciliation items: |  |  |
Adjustment - IAS 12.41 | 1,096,113 | (2,032,193) | 1,946,269
Non-deductible expenses | 290,009 | 646,616 | 448,433
Rate differential adjustment | (442,135) | (1,630,935) | (670,080)
Non-taxable income | (1,204,985) | (1,080,149) | (739,243)
Prior years' taxes | (21,806) | 77,022 | 17,421
Foreign currency translation and exchange difference | 124,753 | 577,949 | (82,028)
Tax discounts and tax credit | (11,309) | (18,215) | (184,054)
Others | 244,662 | 119,154 | (71,057)
Effect of recognition of shares of McDermott International, Ltd. | (124,478) |  |
Effect of tax reform | 1,510,121 | 1,941,995 | (658,919)
Income tax expenses | $ 12,208,540 | $ 11,515,875 | $ 18,963,938
Effective tax rate | 39.80% | 31.20% | 35.00%
Current | $ 8,954,180 | $ 12,867,278 | $ 16,801,363
Deferred | 3,254,360 | (1,351,403) | 2,162,575
Income tax expenses | $ 12,208,540 | $ 11,515,875 | $ 18,963,938

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- Definition The amount representing the difference between the tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that relates to variation in equity accounting method in acquiree. + References No definition available. + Details
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- Definition The amount of tax expense (income) relating to changes in deferred tax liabilities and deferred tax assets. [Refer: Deferred tax assets; Deferred tax liabilities] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 12 -IssueDate 2024-01-01 -Paragraph 81 -Subparagraph g -Clause ii -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=12&code=ifrs-tx-2024-en-r&anchor=para_81_g_ii&doctype=Standard -URIDate 2024-03-27 + Details
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- Definition The amount that represents the difference between the tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that the entity does not separately disclose in the same statement or note. [Refer: Accounting profit; Applicable tax rate] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 12 -IssueDate 2024-01-01 -Paragraph 81 -Subparagraph c -Clause i -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=12&code=ifrs-tx-2024-en-r&anchor=para_81_c_i&doctype=Standard -URIDate 2024-03-27 + Details
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