XML 86 R67.htm IDEA: XBRL DOCUMENT
v3.19.1

Current Taxes and Deferred Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2018
Current Taxes and Deferred Taxes |
Schedule of total tax receivable |
|  | 2017 |  | 2018
|  | MCh$ |  | MCh$
Income taxes |  | 108,844 |  | 150,798
Less: |  |  |  |
Monthly prepaid taxes (PPM) |  | (123,717) |  | (126,917)
Credit for training expenses |  | (2,036) |  | (2,224)
Other |  | (2,670) |  | (1,410)
Total tax (receivable) payable, net |  | (19,579) |  | 20,247
|  | 2017 |  | 2018
|  | MCh$ |  | MCh$
Current tax assets |  | 23,032 |  | 677
Current tax liabilities |  | (3,453) |  | (20,924)
Total tax receivable (payable), net |  | 19,579 |  | (20,247)
Schedule of income tax expenses |
|  | 2016 |  | 2017 |  | 2018 |
|  | MCh$ |  | MCh$ |  | MCh$ |
Income tax expense: |  |  |  |  |  |  |
Current year taxes |  | 134,759 |  | 105,024 |  | 159,153 |
Tax from previous period |  | 1,030 |  | (1,401) |  | 2,574 |
Subtotal |  | 135,789 |  | 103,623 |  | 161,727 |
(Credit) charge for deferred taxes: |  |  |  |  |  |  |
Origin and reversal of temporary differences |  | (26,044) |  | 20,043 |  | (4,582) |
Effect of changes in tax rate |  | (9,158) |  | (5,729) |  | ― |
Subtotal |  | (35,202) |  | 14,314 |  | (4,582) |
Other |  | (375) |  | (2,576) |  | 2,623 |
Net charge to income for income taxes |  | 100,212 |  | 115,361 |  | 159,768 |
Tax Rate |  | 24.00 | % | 25.50 | % | 27.00 | %
Schedule of reconciliation of effective tax rate |
|  | 2016 |  | 2017 |  | 2018
|  | Tax rate |  |  |  | Tax rate |  |  |  | Tax rate |  |
|  | % |  | MCh$ |  | % |  | MCh$ |  | % |  | MCh$
Income tax calculated on net income before tax |  | 24.00 |  | 162,063 |  | 25.50 |  | 175,298 |  | 27.00 |  | 206,116
Subordinated Debt Payment (*) |  | (5.05) |  | (34,092) |  | (5.67) |  | (38,997) |  | (3.21) |  | (24,515)
Additions or deductions (**) |  | (3.90) |  | (26,332) |  | (2.88) |  | (19,794) |  | (4.18) |  | (31,894)
Tax from previous years |  | 0.15 |  | 1,030 |  | (0.20) |  | (1,401) |  | 0.34 |  | 2,574
Effect of changes in tax rate |  | (1.36) |  | (9,158) |  | (0.83) |  | (5,729) |  | — |  | —
Other |  | 1.00 |  | 6,701 |  | 0.87 |  | 5,984 |  | 0.98 |  | 7,487
Effective rate and income tax expense |  | 14.84 |  | 100,212 |  | 16.79 |  | 115,361 |  | 20.93 |  | 159,768
(*) The tax expense related to the subordinated debt held by SAOS S.A, it ended during the current fiscal year, as a result of the generation of sufficient resources to pay off the total debt. (**) The deductions of the tax rate for 2016, 2017 and 2018 mainly relate to permanent differences between tax and financial accounting rules.
Schedule of increasing first category tax rates |
Year |  | Rate |
2014 |  | 21.0 | %
2015 |  | 22.5 | %
2016 |  | 24.0 | %
2017 |  | 25.5 | %
2018 |  | 27.0 | %
Schedule of effect of deferred taxes on income and equity |
|  | Balance as of |  | Effect |  | Balance as of |  | Balance as of |  | Effect |  | Balance as of
|  | January 1, |  |  |  |  |  | December 31, |  | January 1, |  |  |  |  |  | December 31,
|  | 2017 |  | Income |  | Equity |  | 2017 |  | 2018 |  | Income |  | Equity |  | 2018
|  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$ |  | MCh$
Debit differences: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowances for loan losses |  | 127,719 |  | (12,276) |  | — |  | 115,443 |  | 138,643 |  | 3,232 |  | — |  | 141,875
Personnel provisions |  | 11,231 |  | 1,290 |  | — |  | 12,521 |  | 12,521 |  | 756 |  | — |  | 13,277
Staff vacations |  | 6,674 |  | 234 |  | — |  | 6,908 |  | 6,908 |  | 333 |  | — |  | 7,241
Accrued interest and indexation adjustments from past due loans |  | 3,355 |  | 59 |  | — |  | 3,414 |  | 3,414 |  | (182) |  | — |  | 3,232
Staff severance indemnities provision |  | 1,854 |  | (352) |  | (45) |  | 1,457 |  | 1,457 |  | (8) |  | 35 |  | 1,484
Provisions of credit card expenses |  | 12,459 |  | (3,504) |  | — |  | 8,955 |  | 8,955 |  | 858 |  | — |  | 9,813
Provisions of accrued expenses |  | 14,489 |  | 1,869 |  | — |  | 16,358 |  | 16,358 |  | (3,203) |  | — |  | 13,155
Derivative instruments adjustments |  | — |  | — |  | — |  | — |  | — |  | 1,356 |  | — |  | 1,356
Adjustment for valuation and impairment of financial assets at fair value through OCI |  | — |  | — |  | — |  | — |  | — |  | (419) |  | 1,365 |  | 946
Leasing |  | 37,119 |  | (4,570) |  | — |  | 32,549 |  | 32,549 |  | 10,439 |  | — |  | 42,988
Other adjustments |  | 5,664 |  | 581 |  | 1 |  | 6,246 |  | 6,246 |  | (5,233) |  | 1 |  | 1,014
Total debit differences |  | 220,564 |  | (16,669) |  | (44) |  | 203,851 |  | 227,051 |  | 7,929 |  | 1,401 |  | 236,381
Credit differences: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation of property and equipment and investment properties |  | 11,815 |  | 2,466 |  | — |  | 14,281 |  | 14,281 |  | 709 |  | — |  | 14,990
Adjustment for valuation and impairment of financial assets at fair value through OCI |  | 1,092 |  | 1 |  | 1,299 |  | 2,392 |  | 2,392 |  | — |  | (2,392) |  | —
Transitory assets |  | 4,772 |  | 714 |  | — |  | 5,486 |  | 5,486 |  | 28 |  | — |  | 5,514
Derivative instruments adjustments |  | 7,707 |  | (3,329) |  | — |  | 4,378 |  | 4,378 |  | (4,378) |  | — |  | —
Accrued interest to effective rate |  | 2,247 |  | (644) |  | — |  | 1,603 |  | 1,603 |  | (39) |  | — |  | 1,564
Advance payment of lump-sum under union contracts |  | — |  | — |  | — |  | — |  | — |  | 6,699 |  | — |  | 6,699
Intangible assets amortization |  | 6,090 |  | (587) |  | — |  | 5,503 |  | 5,503 |  | — |  | — |  | 5,503
Other adjustments |  | 9,918 |  | (976) |  | 1 |  | 8,943 |  | 8,943 |  | 328 |  | — |  | 9,271
Total credit differences |  | 43,641 |  | (2,355) |  | 1,300 |  | 42,586 |  | 42,586 |  | 3,347 |  | (2,392) |  | 43,541
Total Assets (Liabilities), net |  | 176,923 |  | (14,314) |  | (1,344) |  | 161,265 |  | 184,465 |  | 4,582 |  | 3,793 |  | 192,840

X
- Definition The disclosure of components of income tax expense. + References No definition available. + Details
Name: | bch_DisclosureOfComponentsOfIncomeTaxExpenseTableTextBlock
Namespace Prefix: | bch_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of increasing rates to the first category tax regime as established by Law 20,780. + References No definition available. + Details
Name: | bch_DisclosureOfIncreasingFirstCategoryTaxRatesTableTextBlock
Namespace Prefix: | bch_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References No definition available. + Details
Name: | bch_IfrsScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | bch_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of deferred taxes. [Refer: Deferred tax liabilities; Deferred tax assets] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2018-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=1&date=2018-03-01&anchor=para_10_e&doctype=Standard -URIDate 2018-03-16 + Details
Name: | ifrs-full_DisclosureOfDeferredTaxesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of tax receivables and payables. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2018-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=1&date=2018-03-01&anchor=para_10_e&doctype=Standard -URIDate 2018-03-16 + Details
Name: | ifrs-full_DisclosureOfTaxReceivablesAndPayablesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_MajorComponentsOfTaxExpenseIncomeAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration