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7. Recoverable Taxes

12 Months Ended

Dec. 31, 2017

Recoverable taxes are substantially represented by credits of Tax on Goods and Services (“ICMS”, the Brazilian VAT), Contribution for Social Security Financing (COFINS), Social Integration Program (PIS), Income Tax (IRPJ), and Social Contribution (CSLL).

	2017	2016
ICMS	580,630	459,255
Provision for ICMS losses ⁽¹⁾	(72,076)	(68,683)
PIS and COFINS	348,333	109,552
IRPJ and CSLL	295,172	195,276
Value-Added Tax (IVA) of subsidiaries Oxiteno Mexico, Oxiteno Andina, Oxiteno Uruguay and Ultrapar International	27,180	22,121
Others	15,587	6,868

Total	1,194,826	724,389

Current	881,584	541,772
Non-current	313,242	182,617

⁽¹⁾ The provision for ICMS losses relates to tax credits that the subsidiaries believe will not be utilized or offset in the future based on its estimates, and its movements are as follows:

	Balance on 12/31/2014		67,657
	Write-offs, additions and reversals, net		(2,766)
Balance on 12/31/2015		64,891
Additions, write-offs and reversals, net		3,792
Balance on 12/31/2016		68,683
Additions, write-offs and reversals, net		3,393
Balance on 12/31/2017		72,076