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Current and Deferred Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Current and Deferred Taxes Tables [Abstract]

Schedule of current taxes

		As of December 31,
		2021				2020
		MCh$				MCh$

Summary of current tax liabilities (assets)
Current tax (assets)			(121,534	)			-
Current tax liabilities			-				12,977

Total tax payable (recoverable)			(121,534	)			12,977

(Assets) liabilities current taxes detail (net)
Income tax, tax rate			4,434				174,205
Minus:
Provisional monthly payments			(138,515	)			(157.648	)
Credit for training expenses			(2,110	)			(2.137	)
Grant credits			-				(1.360	)
Other			(14,657	)			(83	)
Total tax payable (recoverable)			(121,534	)			12,977

Schedule of effect on income tax expense

		As of December 31,
		2021				2020				2019
		MCh$				MCh$				MCh$

Income tax expense
Current tax			4,434				174,205				153,424
Credits (debits) for deferred taxes
Origination and reversal of temporary differences			226,810				(28,465	)			37,432
Valuation provision			-				-				-
Subtotals			231,244				145,740				190,856
Tax for rejected expenses (Article No21)			210				1,354				927
Other			(9,790	)			(4,561	)			(16,709	)
Net charges for income tax expense			221,664				142,533				175,074

Schedule of effective tax rate reconciliation

		For the year ended,
		2021								2020								2019
		Tax rate				Amount				Tax rate				Amount				Tax rate				Amount
		%				MCh$				%				MCh$				%				MCh$

Tax calculated over profit before tax			27.00				290,005				27.00				187,721				27.00				214,566
Price level restatement for tax purposes ⁽¹⁾			(7.56	)			(81,235	)			(6.15	)			(42,730	)			(6.33	)			(50,297	)
Single penalty tax (rejected expenses)			(0.01	)			210				0.19				1,354				0.12				927
Other			0.00				12,684				(0.55	)			(3,812	)			1.24				9,878
Effective tax rates and expenses for income tax			19.43				221,664				20.50				142,533				22.03				175,074

Schedule of effect of deferred taxes on comprehensive income

		As of December 31,
		2021				2020
		MCh$				MCh$
Deferred tax assets
Debt instruments at FVOCI			33,489				14,907
Cash flow hedges			100,867				36,927
Total deferred tax assets recognized through other comprehensive income			134,356				51,834

Deferred tax liabilities
Debt instruments at FVOCI			(1,839	)			(42,371	)
Cash flow hedges			-				-
Total deferred tax liabilities recognized through other comprehensive income			(398	)			(42,371	)

Net deferred tax balances in equity			132,517				9,463

Deferred taxes in equity attributable to shareholders of the Bank			132,724				9,776
Deferred tax in equity attributable to non-controlling interests			(207	)			(313	)

Schedule of effect of deferred taxes on income

		As of December 31,
		2021				2020
		MCh$				MCh$
Deferred tax assets
Interests and adjustments			9,815				8,166
Extraordinary charge-offs			12,687				17,705
Assets received in lieu of payment			2,843				1,425
Exchange rate adjustments			16,611				89
Property, plant and equipment valuation			1,545				-
Allowance for loan losses			329,028				238,670
Provision for expenses			83,174				101,321
Leased assets			107,564				89,458
Subsidiaries tax losses			12,757				7,394
Right of use assets			516				428
Total deferred tax assets			576,540				464,656
Deferred tax liabilities
Valuation of investments			(151,062	)			(19,967	)
Fixed assets valuation			(2,001	)			(7,394	)
Prepaid expenses			(18,895	)			(16,691	)
Valuation provision			(8,228	)			(5,775	)
Derivatives			(245,517	)			(37,265	)
Exchange rate adjustments			-				-
Other			(113	)			(30	)
Total deferred tax liabilities			(425,816	)			(87,122	)

Schedule of deferred tax assets and liabilities

		As of December 31,
		2021				2020
		MCh$				MCh$
Deferred tax assets
Recognized through other comprehensive income			134,356				51,834
Recognized through profit or loss			576,540				464,656
Total deferred tax assets			710,896				516,490

Deferred tax liabilities
Recognized through other comprehensive income			(1,839	)			(42,371	)
Recognized through profit or loss			(425,816	)			(87,122	)
Total deferred tax liabilities			(427,655	)			(129,493	)