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DEFERRED INCOME TAX (Tables) | 12 Months Ended
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Dec. 31, 2017
Deferred income tax [Abstract] |
Schedule of changes in deferred income tax | Changes in deferred income tax are as follows:
| As of December 31,
| 2017 |  | 2016
At the beginning of the year | (523,209 | ) |  | (511,456 | )
Acquisition of business (note 3) | 13,686 |  |  | — |
Translation differences | (1,052 | ) |  | 3,351 |
Effect of changes in tax law (note 11) | 7,455 |  |  | 2,028 |
Withholding tax on dividend distributions (note 11) | — |  |  | (2,690 | )
Credits (Charges) directly to other comprehensive income | 4,808 |  |  | 2,379 |
Deferred tax (charge) credit (note 11) | 106,047 |  |  | (16,821 | )
At the end of the year | (392,265 | ) |  | (523,209 | )
Changes in deferred tax assets and liabilities | The changes in deferred tax assets and liabilities (prior to offsetting the balances within the same tax jurisdiction) during the year are as follows:
Deferred tax liabilities |  | PP&E |  | Inventories |  | Intangible assets |  | Other |  | Total at December 31, 2017
At the beginning of the year |  | (625,963 | ) |  | (48,637 | ) |  | (28,050 | ) |  | (3,050 | ) |  | (705,700 | )
Translation differences |  | 6,907 |  |  | (215 | ) |  | 67 |  |  | (29 | ) |  | 6,730 |
Credits (Charges) directly to other comprehensive income |  | — |  |  | — |  |  | — |  |  | (108 | ) |  | (108 | )
Withholding tax on dividend distributions |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Effect of changes in tax law |  | 17,293 |  |  | 185 |  |  | 352 |  |  | 11 |  |  | 17,841 |
Income statement credit (charge) |  | 61,924 |  |  | (8,339 | ) |  | 8,939 |  |  | 1,120 |  |  | 63,644 |
At the end of the year |  | (539,839 | ) |  | (57,006 | ) |  | (18,692 | ) |  | (2,056 | ) |  | (617,593 | )
Deferred tax assets |  | Provisions |  | Trade receivables |  | Tax losses (1) |  | Other |  | Total at December 31, 2017
At the beginning of the year |  | 53,188 |  |  | 7,488 |  |  | 56,297 |  |  | 65,518 |  |  | 182,491 |
Translation differences |  | (501 | ) |  | (273 | ) |  | — |  |  | (7,008 | ) |  | (7,782 | )
Acquisition of business (note 3) |  | — |  |  | — |  |  | — |  |  | 13,686 |  |  | 13,686 |
Credits (Charges) directly to other comprehensive income |  | — |  |  | — |  |  | — |  |  | 4,916 |  |  | 4,916 |
Effect of changes in tax law |  | (2,692 | ) |  | (238 | ) |  | — |  |  | (7,456 | ) |  | (10,386 | )
Income statement credit (charge) |  | 11,106 |  |  | 1,223 |  |  | (12,942 | ) |  | 43,016 |  |  | 42,403 |
At the end of the year |  | 61,101 |  |  | 8,200 |  |  | 43,355 |  |  | 112,672 |  |  | 225,328 |
(1) As of December 31, 2017, the recognized deferred tax assets on tax losses amount to USD 43,355 and there are net unrecognized deferred tax assets of USD 1.2 billion and unrecognized tax losses amounting to USD 1.9 billion. These two last effects are connected to the acquisition of Ternium Brasil (see note 3 (a)).
Deferred tax liabilities |  | PP&E |  | Inventories |  | Intangible assets |  | Other |  | Total at December 31, 2016
At the beginning of the year |  | (599,522 | ) |  | (52,723 | ) |  | (38,652 | ) |  | (10,387 | ) |  | (701,284 | )
Translation differences |  | 5,634 |  |  | 360 |  |  | 169 |  |  | 181 |  |  | 6,344 |
Charges directly to other comprehensive income |  | — |  |  | — |  |  | — |  |  | (192 | ) |  | (192 | )
Withholding tax on dividend distributions |  | — |  |  | — |  |  | — |  |  | (2,690 | ) |  | (2,690 | )
Effect of changes in tax law |  | 1,062 |  |  | (103 | ) |  | 1,433 |  |  | 6 |  |  | 2,398 |
Income statement credit (charge) |  | (33,137 | ) |  | 3,829 |  |  | 9,000 |  |  | 10,032 |  |  | (10,276 | )
At the end of the year |  | (625,963 | ) |  | (48,637 | ) |  | (28,050 | ) |  | (3,050 | ) |  | (705,700 | )
Deferred tax assets |  | Provisions |  | Trade receivables |  | Tax losses (2) |  | Other |  | Total at December 31, 2016
At the beginning of the year |  | 45,368 |  |  | 6,193 |  |  | 67,784 |  |  | 70,483 |  |  | 189,828 |
Translation differences |  | (2,399 | ) |  | (289 | ) |  | — |  |  | (305 | ) |  | (2,993 | )
Charges directly to other comprehensive income |  | — |  |  | — |  |  | — |  |  | 2,571 |  |  | 2,571 |
Effect of changes in tax law |  | 17 |  |  | (3 | ) |  | — |  |  | (384 | ) |  | (370 | )
Income statement credit (charge) |  | 10,202 |  |  | 1,587 |  |  | (11,487 | ) |  | (6,847 | ) |  | (6,545 | )
At the end of the year |  | 53,188 |  |  | 7,488 |  |  | 56,297 |  |  | 65,518 |  |  | 182,491 |
(2) As of December 31, 2016, the recognized deferred tax assets on tax losses amount to USD 56,297 and there are no net unrecognized deferred tax assets
Schedule of deferred tax assets and liabilities | The amounts shown in the statement of financial position (prior to offsetting the balances within the same tax jurisdiction) include the following:
| As of December 31,
| 2017 |  | 2016
Deferred tax assets to be recovered after more than 12 months | 155,350 |  |  | 131,407 |
Deferred tax assets to be recovered within 12 months | 69,978 |  |  | 51,084 |
Deferred tax liabilities to be settled after more than 12 months | (558,890 | ) |  | (653,503 | )
Deferred tax liabilities to be settled within 12 months | (58,703 | ) |  | (52,197 | )
| (392,265 | ) |  | (523,209 | )

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