XML 55 R48.htm IDEA: XBRL DOCUMENT
v3.20.2

INCOME AND SOCIAL CONTRIBUTION TAXES (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2020
INCOME AND SOCIAL CONTRIBUTION TAXES |
Schedule of deferred income and social contribution taxes |
|  | June 30, |  | December 31,
|  | 2020 |  | 2019
Tax loss carryforwards |  | 772,460 |  | 600,249
Negative tax base |  | 226,230 |  | 146,346
Provision for judicial liabilities |  | 255,947 |  | 265,571
Operating provisions and other losses |  | 908,399 |  | 914,696
Exchange rate variation (1) |  | 7,418,386 |  | 2,001,942
Losses on derivatives (“MtM”) (1) |  | 3,678,024 |  | 618,427
Fair value adjustment on business combination – Amortization |  | 713,180 |  | 713,656
Unrealized profit on inventories |  | 357,240 |  | 293,322
Lease |  | 330,669 |  | 22,044
Assets temporary differences |  | 14,660,535 |  | 5,576,253
Goodwill - Tax benefit on unamortized goodwill |  | 351,107 |  | 216,857
Property, plant and equipment - deemed cost adjustment |  | 1,487,102 |  | 1,506,220
Accelerated tax depreciation |  | 1,068,735 |  | 1,113,200
Borrowing cost |  | 118,071 |  | 104,549
Fair value of biological assets |  | 123,668 |  | 53,502
Tax provision on results of subsidiaries abroad |  | 585,516 |  | 463,850
Fair value adjustment on business combination – Deferred taxes, net |  | 485,994 |  | 502,347
Tax credits - gains in tax lawsuit (ICMS from the PIS/COFINS calculation basis) |  | 43,559 |  | 43,559
Other temporary differences |  | 17,491 |  | 17,004
Liabilities temporary differences |  | 4,281,243 |  | 4,021,088
Non-current assets |  | 10,454,646 |  | 2,134,040
Non-current liabilities |  | 75,354 |  | 578,875
Schedule of accumulated tax losses and social contribution tax loss carryforwards |
|  | June 30, |  | December 31,
|  | 2020 |  | 2019
Tax loss carry forward |  | 3,089,840 |  | 2,400,998
Social contribution tax loss carryforward |  | 2,513,672 |  | 1,626,064
Schedule of rollforward of net balance of deferred income tax |
|  | June 30, |  | December 31,
|  | 2020 |  | 2019
Beginning balance |  | 1,555,165 |  | (1,029,135)
Business combination |  | — |  | 1,034,842
Tax loss |  | 172,211 |  | 270,559
Tax loss carryforwards |  | 79,884 |  | 139,719
(Reversal)/provision for judicial liabilities |  | (9,624) |  | 31,262
Operating provisions and other losses |  | (6,297) |  | (21,757)
Exchange rate variation (1) |  | 5,416,444 |  | 552,421
Derivative losses (“MtM”)(1) |  | 3,059,597 |  | 319,860
Fair value adjustment on business combination – Amortization |  | 15,879 |  | 699,527
Unrealized profit on inventories |  | 63,918 |  | 65,492
Lease |  | 308,625 |  | (3,274)
Tax benefit on unamortized goodwill |  | (134,250) |  | (203,696)
Property, plant and equipment - Deemed cost |  | 19,118 |  | 46,359
Accelerated depreciation |  | 44,465 |  | 82,982
Borrowing cost |  | (13,522) |  | 44,727
Fair value of biological assets |  | (70,166) |  | (60,778)
Tax provision on results of subsidiaries abroad |  | (121,666) |  | (351,485)
Tax credits - gains in tax lawsuit (ICMS from the PIS/COFINS calculation basis) |  | — |  | (43,559)
Other temporary differences |  | (489) |  | (18,901)
Ending balance |  | 10,379,292 |  | 1,555,165
1)The variation is due to the increase in the exchange rate in the six-month period ended June 30, 2020.
Schedule of reconciliation of the effects of income tax and social contribution on profit or loss |
|  | June 30, |  | June 30, |
|  | 2020 |  | 2019 |
Loss before taxes |  | (24,236,648) |  | (789,205) |
Income tax and social contribution benefit (expense) at statutory nominal rate of 34% |  | 8,240,460 |  | 268,330 |
Tax effect on permanent differences |  |  |  |  |
Taxation (difference) on profit of wholly-owned subsidiaries abroad (1) |  | 746,640 |  | 21,301 |
Tax incentive - Reduction SUDENE (2) |  | — |  | 23,216 |
Equity method |  | (1,004) |  | (1,893) |
Thin capitalization (3) |  | (252,808) |  | (50,437) |
Credit related to Reintegra Program |  | 3,367 |  | 2,988 |
Tax incentives applicable to income tax (4) |  | 3,925 |  | 3,247 |
Director bonus |  | (5,508) |  | (42,682) |
Donations / Fines - Other |  | 29,997 |  | 35,851 |
|  | 8,765,069 |  | 259,921 |
Income tax |  |  |  |  |
Current |  | (57,006) |  | (113,570) |
Deferred |  | 6,486,044 |  | 299,726 |
|  | 6,429,038 |  | 186,156 |
Social Contribution |  |  |  |  |
Current |  | (823) |  | (78,008) |
Deferred |  | 2,336,854 |  | 151,773 |
|  | 2,336,031 |  | 73,765 |
Income and social contribution benefits (expenses) on the period |  | 8,765,069 |  | 259,921 |
Effective rate of income and social contribution tax expenses |  | 36.16 | % | 32.93 | %
1)The effect of the difference in taxation of subsidiaries is substantially due to the difference between the nominal rates of Brazil and subsidiaries abroad. 2)Benefit used to reduce 75% of the tax calculated based on the operating profit of the Mucuri / BA and Imperatriz / MA facilities. 3)The Brazilian thin capitalization rules establish that interest paid or credited by a Brazilian entity to a related party may only be deducted for income tax purposes if the interest expense is viewed as necessary for the activities of the local entity and when determined limits and requirements are met. On June 30, 2020 the Company did not meet all limits and requirements, therefore a provision for tax payment was recorded. 4)Income tax deduction amount referring to the use of the PAT (“Worker Feeding Program”) benefit and donations made in cultural and sports projects.

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 2019-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2019-en-r&anchor=para_10_e&doctype=Standard -URIDate 2019-03-27 + Details
Name: | ifrs-full_DisclosureOfDeferredTaxesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of types of temporary differences, unused tax losses and unused tax credits. [Refer: Unused tax credits [member]; Unused tax losses [member]; Temporary differences [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 12 -IssueDate 2019-01-01 -Paragraph 81 -Subparagraph g -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=12&code=ifrs-tx-2019-en-r&anchor=para_81_g&doctype=Standard -URIDate 2019-03-27 + Details
Name: | ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory
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

X
- Definition The disclosure of reconciliation of the effects of income tax and social contribution on profit or loss. + References No definition available. + Details
Name: | suzby_DisclosureOfReconciliationOfEffectsOfIncomeTaxAndSocialContributionOnProfitOrLossTableTextBlock
Namespace Prefix: | suzby_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of tax credit carryforwards available to reduce future taxable income, including amounts, expiration dates, limitations on use and the related deferred tax assets and valuation allowances. + References No definition available. + Details
Name: | suzby_SummaryOfTaxCreditCarryforwardsTableTextBlock
Namespace Prefix: | suzby_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration