XML 23 R16.htm IDEA: XBRL DOCUMENT v3.8.0.1
Recoverable Taxes
 12 Months Ended
Dec. 31, 2017
Text block1 [abstract]  
Recoverable Taxes
9. RECOVERABLE TAXES

 

     2017      2016  

Current

      

ICMS (VAT)

      71        155  

PIS and Pasep

      12        12  

Cofins

      56        58  

Others

      35        11  
  

 

 

     

 

 

  
     174        236  

Non-current

      

ICMS (VAT)

      225        171  

PIS and Pasep

      1        1  

Cofins

      3        5  

Others

      2        1  
  

 

 

     

 

 

  
     231        178  
  

 

 

     

 

 

  
     405        414  
  

 

 

     

 

 

  

The ICMS (VAT) credits that are reported in non-current assets arise from acquisitions of property, plant and equipment, and intangible assets, and can be offset against taxes payable in the next 48 months.

Credits of PIS, Pasep and Cofins generated by the acquisition of machinery and equipment can be offset immediately, in accordance with Law 11,774/08. The transfer to non-current was made in accordance with management’s best estimate of the amounts which will likely be realized after December 2018.