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Current and Deferred Taxes (Tables)
 12 Months Ended
Dec. 31, 2022
Current and Deferred Taxes Tables [Abstract]  
Schedule of current taxes
   As of December 31, 
   2022   2021 
   MCh$   MCh$ 
         
Summary of current tax liabilities (assets)        
Current tax (assets)   (36,514)   (121,534)
Current tax liabilities   148,680    
-
 
           
Total tax payable (recoverable)   112,166    (121,534)
           
(Assets) liabilities current taxes detail (net)          
Income tax, tax rate   147,668    4,434 
Minus:          
Provisional monthly payments   (33,021)   (138,515)
Credit for training expenses   (2,039)   (2,110)
Grant credits   (1,160)   
-
 
Other   718    14,657 
Total tax payable (recoverable)   112,166    (121,534)

 
Schedule of effect on income tax expense
   As of December 31, 
   2022   2021   2020 
   MCh$   MCh$   MCh$ 
Income tax expense            
Current tax   139,961    4,434    174,205 
                
Credits (debits) for deferred taxes               
Origination and reversal of temporary differences   (52,181)   226,810    (28,465)
Valuation provision   
 
    
-
    
-
 
Subtotals   87,780    231,244    145,740 
Tax for rejected expenses (Article No21)   236    210    1,354 
Other   5,608    (9,790)   (4,561)
Net charges for income tax expense   93,624    221,664    142,533 

 
Schedule of effective tax rate reconciliation
   For the year ended, 
   2022   2021   2020 
   Tax rate   Amount   Tax rate   Amount   Tax rate   Amount 
  %   MCh$   %   MCh$   %   MCh$ 
                         
Tax calculated over profit before tax   27.00    238,415    27.00    290,005    27.00    187,721 
Price level restatement for tax purposes (1)   (18.70)   (165,164)   (7.56)   (81,235)   (6.15)   (42,730)
Single penalty tax (rejected expenses)   0.03    236    (0.01)   210    0.19    1,354 
Other   2.28    20,137    0.00    12,684    (0.55)   (3,812)
Effective tax rates and expenses for income tax   10.61    93,624    19.43    221,664    20.50    142,533 

 

(1)Mainly corresponds to the permanent differences originated from the Tax Capital Monetary Correction and the effect of the bonds received under article 104 of the Tax Law.

 
Schedule of effect of deferred taxes on comprehensive income
   As of December 31, 
   2022   2021 
   MCh$   MCh$ 
Deferred tax assets        
Debt instruments at FVOCI   76,512    33,489 
Cash flow hedges   35,689    100,867 
Total deferred tax assets recognised through other comprehensive income   112,201    134,356 
           
Deferred tax liabilities          
Debt instruments at FVOCI   (46,976)   (1,839)
Cash flow hedges   (3,603)   
-
 
Total deferred tax liabilities recognised through other comprehensive income   (50,579)   (1,839)
           
Net deferred tax balances in equity   61,622    132,517 
           
Deferred taxes in equity attributable to shareholders of the Bank   61,821    132,724 
Deferred tax in equity attributable to non-controlling interests   (199)   (207)

 
Schedule of effect of deferred taxes on income
   As of December 31, 
   2022   2021 
   MCh$   MCh$ 
Deferred tax assets        
Interests and adjustments   17,670    9,815 
Extraordinary charge-offs   29,613    12,687 
Assets received in lieu of payment   1,223    2,843 
Exchange rate adjustments   
-
    16,611 
Property, plant and equipment valuation   4,708    1,545 
Allowance for loan losses   276,364    329,028 
Provision for expenses   88,372    83,174 
Derivatives   50    
-
 
Leased assets   95,152    107,564 
Subsidiaries tax losses   5,570    12,757 
Right of use assets   887    516 
Others   9,444    
-
 
Total deferred tax assets   529,053    576,540 
           
Deferred tax liabilities          
Valuation of investments   423    151,062 
Fixed assets valuation   
-
    2,001 
Prepaid expenses   7,285    18,895 
Valuation provision   3,147    8,228 
Derivatives   289,352    245,517 
Exchange rate adjustments   8,779    
-
 
Other   17,162    113 
Total deferred tax liabilities   326,148    425,816 

 
Schedule of deferred tax assets and liabilities
   As of December 31, 
   2022   2021 
   MCh$   MCh$ 
Deferred tax assets        
Recognised through other comprehensive income   112,201    134,356 
Recognised through profit or loss   529,053    576,540 
Total deferred tax assets   641,254    710,896 
           
Deferred tax liabilities          
Recognised through other comprehensive income   50,579    1,839 
Recognised through profit or loss   326,148    425,816 
Total deferred tax liabilities   376,727    427,655