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INCOME TAX AND DEFERRED TAX (Tables)
 12 Months Ended
Dec. 31, 2022
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, 2022, 2021 and 2020 is as follows:

   
2022
    
2021
    
2020
  
Current income tax
    
(15,857,624
)
    
(26,694,111
)
    
(10,113,083
)
Deferred income tax
    
(1,203,529
)
    
1,883,262
      
(2,836,978
)
Total income tax
    
(17,061,153
)
    
(24,810,849
)
    
(12,950,061
)
Net Deferred Tax Assets and Liabilities
The analysis of the net deferred tax assets and liabilities is as follows:

   
2022
    
2021
  
Deferred tax assets:
            
Deferred tax assets to be recovered after more than 12 months
    
3,626,709
      
7,846,119
  
Deferred tax assets to be recovered after less than 12 months
    
1,412,828
      
1,247,816
  
Deferred tax liabilities:
                
Deferred tax liabilities taxable after more than 12 months
    
(25,574,208
)
    
(28,787,450
)
Deferred tax liabilities taxable after less than 12 months
    
(686,246
)
    
(323,873
)
Deferred tax liabilities, net
    
(21,220,917
)
    
(20,017,388
)
Components of Net Deferred Tax Assets and Liabilities
The components of the net deferred tax assets and liabilities as of December 31, 2022, 2021 and 2020 are the following:

Deferred tax assets
  
Other
receivables
    
Account
receivables
discounted value
    
Provisions for
legal claims and
other provisions
    
Financial
leases
    
Contract
liabilities
    
Tax loss
carryforward
    
Tax
inflation
adjustment
     Financial assets at fair value through profit or loss    
Total
  
As of December 31, 2020
    
39,744
      
1,891
      
656,071
      
2,140,878
      
1,880,469
      
2,776
      
49,211
       -      
4,771,040
  
Charge in results
    
(39,744
)
    
(115
)
    
351,911
      
(133,032
)
    
869,196
      
3,294,662
      
(19,983
)
     -      
4,322,895
  
As of December 31, 2021
    
-
      
1,776
      
1,007,982
      
2,007,846
      
2,749,665
      
3,297,438
      
29,228
       -      
9,093,935
  
Charge in results
    
-
      
(1,776
)
    
(366,049
)
    
(562,847
)
    
6,764
      
(3,297,438
)
    
(16,667
)
     183,615      
(4,054,398
)
As of December 31, 2022
    
-
      
-
      
641,933
      
1,444,999
      
2,756,429
      
-
      
12,561
       183,615      
5,039,537
  

Deferred tax liabilities
  
Other
receivables
    
Loans
    
Property, Plant
and Equipment
    
Cash and
cash
equivalents
    
Inventories
    
Financial assets
at amortized
cost
    
Tax
inflation
adjustment
    
Other
liabilities
    
Total
  
As of December 31, 2020
    
-
      
(58,641
)
    
(15,369,172
)
    
(3,047
)
    
(98,569
)
    
(592,588
)
    
(10,549,673
)
     -       (26,671,690 )
Charge in results
    
(5,226
)
    
(104,771
)
    
(6,035,973
)
    
(30,571
)
    
(28,274
)
    
592,588
      
3,424,894
       (252,300 )     (2,439,633 )
As of December 31, 2021
    
(5,226
)
    
(163,412
)
    
(21,405,145
)
    
(33,618
)
    
(126,843
)
    
-
      
(7,124,779
)
     (252,300 )     (29,111,323 )
Charge in results
    
(114,164
)
    
23,424
      
(1,417,423
)
    
(392,781
)
    
6,984
      
-
      
4,492,529
       252,300       2,850,869  
As of December 31, 2022
    
(119,390
)
    
(139,988
)
    
(22,822,568
)
    
(426,399
)
    
(119,859
)
    
-
      
(2,632,250
)
     -       (26,260,454 )
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, 2022, 2021 and 2020 as follows:

   
2022
    
2021
    
2020
  
Pre tax income
    
49,378,955
      
65,583,161
      
22,612,275
  
Statutory income tax rate
    
35
%
    
35
%
    
30
%
Pre tax income at statutory income tax rate
    
(17,282,634
)
    
(22,954,106
)
    
(6,783,682
)
Tax effects due to:
                        
- Restatement by inflation
    
2,968,108
      
11,276,529
      
6,159,982
  
- Tax loss variation
     -       3,297,438       -  
- Unrecognized tax loss carryforward
    
-
      
-
      
(5,988,032
)
- Adjustment affidavit previous year
    
(82,082
)
    
(131,655
)
    
(26,677
)
- Tax inflation adjustment
     (2,717,831 )     (7,678,237 )     (8,159,343 )
- Variation of tax rate
    
-
      
(7,955,019
)
    
-
  
- Others
    
53,286
      
(665,799
)
    
1,847,691
  
Total income tax
    
(17,061,153
)
    
(24,810,849
)
    
(12,950,061
)