XML 50 R152.htm IDEA: XBRL DOCUMENT v3.20.1
Current Taxes and Deferred Taxes - Reconciliation of effective tax rate (Details) - CLP ($)
$ in Millions
 12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Tax rate %      
Income tax calculated on net income before tax (as a percent) 27.00% 27.00% 25.50%
Subordinated Debt Payment (as a percent) [1] (3.21%) (5.67%)
Additions or deductions (as a percent) [2] (5.10%) (4.18%) (2.88%)
Effect of changes in tax rate (as a percent) (0.83%)
Other (as a percent) 0.43% 1.32% 0.67%
Effective rate and income tax expense (as a percent) 22.34% 20.93% 16.79%
Credit to Income for tax rate change      
Income tax calculated on net income before tax $ 209,901 $ 206,116 $ 175,298
Subordinated Debt Payment [1] (24,515) (38,997)
Additions or deductions [2] (39,612) (31,894) (19,794)
Effect of changes in tax rate (5,729)
Other 3,372 10,061 4,583
Effective rate and income tax expense $ 173,661 $ 159,768 $ 115,361
[1] 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.
[2] The deductions of the tax rate for 2017, 2018 and 2019 mainly relate to permanent differences between tax and financial accounting rules.