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9. RECOVERABLE TAXES
 12 Months Ended
Dec. 31, 2019
Disclosure of recoverable taxes [abstract]  
RECOVERABLE TAXES

9. RECOVERABLE TAXES

 

    2019           2018  
Current               
ICMS (VAT)    65       80  
PIS/Pasep    3       4  
Cofins    7       21  
Others    24       19  
    99       124  
Non-current               
ICMS (VAT)    277       240  
PIS/Pasep    1,102       –    
Cofins    4,968       –    
Others    2       2  
    6,349       242  
    6,448       366  

 

The ICMS (VAT) credits that are reported in non-current assets arise mainly from acquisitions of property, plant and equipment, and intangible assets, and can be offset against taxes payable in the next 48 months. The transfer to non-current is made in accordance with management's best estimate of the amounts which will likely be realized after 2020.

 

Credits of PIS/Pasep and Cofins generated by the acquisition of machinery and equipment can be offset immediately.

 

The credits of PIS/Pasep and Cofins taxes recorded as non-current assets refer to the amounts paid for these taxes including ICMS tax in their basis of calculation. For more information see Note 10.