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INCOME TAX AND DEFERRED TAX (Tables)
 12 Months Ended
Dec. 31, 2021
INCOME TAX AND DEFERRED TAX [Abstract]  
Income Tax Expense
The reconciliation between the charge computed for tax purposes and the income tax expense charged to the statement of comprehensive income in the years ended December 31, 2021, 2020 and 2019 is as follows:

   
2021
    
2020
    
2019
  
Current income tax
    
(13,703,822
)
    
(5,191,703
)
    
(5,511,856
)
Deferred income tax
    
966,801
   
(1,456,405
)
    
(2,757,610)
  
Total income tax
    
(12,737,021
)
    
(6,648,108
)
    
(8,269,466
)
Net Deferred Tax Assets and Liabilities
The analysis of the net deferred tax assets and liabilities is as follows:

   
2021
    
2020
  
Deferred tax assets:
            
Deferred tax assets to be recovered after more than 12 months
    
4,027,923
      
1,887,237
  
Deferred tax assets to be recovered after less than 12 months
    
640,585
      
562,048
  
Subtotal deferred tax assets
     4,668,508       2,449,285  
Deferred tax liabilities:
                
Deferred tax liabilities to be recovered after more than 12 months
    
(14,778,469
)
    
(13,325,708
)
Deferred tax liabilities to be recovered after less than 12 months
    
(166,265
)
    
(366,604
)
Subtotal deferred tax liabilities     (14,944,734 )     (13,692,312 )
Deferred tax liabilities, net
    
(10,276,226
)
    
(11,243,027
)
Components of Net Deferred Tax Assets and Liabilities
The components of the net deferred tax assets and liabilities as of December 31, 2021, 2020 and 2019 are the following:

Deferred tax assets
  
Other
receivables
    
Allowance
for doubtful
accounts
    
Tax credits
discounted
value loss
    
Account
receivables
discounted
value
    
Provisions for
legal claims
and other
provisions
    
Financial lease
    
Contract
liabilities
    
Tax loss
carryforward
    
Tax inflation
adjustment
    
Total
  
As of December 31, 2019
    
-
      
1,502
      
731
      
1,502
      
318,208
      
1,233,512
      
1,035,863
      
-
      
18,143
      
2,609,461
  
Charge in results
    
20,403
      
(1,502
)
    
(731
)
    
(531
)
    
18,596
      
(134,460
)
    
(70,496
)
    
1,425
      
7,120
      
(160,176
)
As of December 31, 2020
    
20,403
      
-
      
-
      
971
      
336,804
      
1,099,052
      
965,367
      
1,425
      
25,263
      
2,449,285
  
Charge in results
    
(20,403
)
    
-
      
-
      
(59
)
    
180,659
      
(68,294
)
    
446,215
      
1,691,364
      
(10,259
)
    
2,219,223
  
As of December 31, 2021
    
-
      
-
      
-
      
912
      
517,463
      
1,030,758
      
1,411,582
      
1,692,789
      
15,004
      
4,668,508
  

Deferred tax liabilities
  
Other
receivables
    
Loans
    
Property, Plant
and Equipment
    
Cash and cash
equivalents
    
Inventories
    
Other financial
assets at
amortized cost
    
Tax inflation
adjustment
    
Other
liabilities
    
Total
  
As of December 31, 2019
    
-
      
(53,975
)
    
(8,937,061
)
    
(4,373
)
    
(41,376
)
    
(3,831
)
    
(3,355,467
)
     -      
(12,396,083
)
Charge in results
    
-
      
23,871
      
1,047,066
      
2,809
      
(9,226
)
    
(300,383
)
    
(2,060,366
)
     -      
(1,296,229
)
As of December 31, 2020
    
-
      
(30,104
)
    
(7,889,995
)
    
(1,564
)
    
(50,602
)
    
(304,214
)
    
(5,415,833
)
     -      
(13,692,312
)
Charge in results
    
(2,683
)
    
(53,786
)
    
(3,098,657
)
    
(15,694
)
    
(14,515
)
    
304,214
      
1,758,221
       (129,522 )    
(1,122,900
)
As of December 31, 2021
    
(2,683
)
    
(83,890
)
    
(10,988,652
)
    
(17,258
)
    
(65,117
)
    
-
      
(3,657,612
)
     (129,522 )    
(14,944,734
)
Effective Income Tax Rate Reconciliation
Income tax expense computed at the statutory tax rate on pre-tax income differs from the income tax expense for the years ended December 31, 2021, 2020 and 2019 as follows:

   
2021
    
2020
    
2019
  
Pre tax income
    
33,668,098
      
11,608,351
      
34,583,065
  
Statutory income tax rate
    
35
%
    
30
%
    
30
%

                       
Pre tax income at statutory income tax rate
    
(11,783,834
)
    
(3,482,505
)
    
(10,374,920
)
Tax effects due to:
                        
- Restatement by inflation
    
5,788,975
      
3,162,319
      
4,191,239
  
- Unrecognized tax loss carryforward
    
1,692,789
      
(3,074,046
)
    
-
  
- Adjustment affidavit previous year
    
(67,587
)
    
(13,695
)
    
280,788
  
- Variation of tax rate
     (4,083,828 )     -       -  
- Tax inflation adjustment
    
(3,941,738
)
    
(4,188,721
)
    
(4,106,748
)
- Others
    
(341,798
)
    
948,540
      
1,740,174
  
Total income tax
    
(12,737,021
)
    
(6,648,108
)
    
(8,269,466
)