XML 46 R17.htm IDEA: XBRL DOCUMENT
v3.22.1

Income and Social Contribution Taxes | 12 Months Ended
--- | ---
Dec. 31, 2021
Disclosure of income and social contribution taxes [abstract] |
Income and Social Contribution Taxes | 10. Income and s ocial c ontribution t axes a. Deferred income (IRPJ) and social contribution taxes (CSLL) The Company and its subsidiaries recognize deferred tax assets and liabilities, which are not subject to the statute of limitations, mainly resulting from provision for differences between cash and accrual basis, tax loss carryforwards, negative tax bases and provisions for tax, civil, and labor risks. Deferred tax assets are sustained by the continued profitability of their operations. Deferred IRPJ and CSLL are recognized under the following main categories:
| 12/31/2021 |  |  | 12/31/2020 |
Assets - deferred income and social contribution taxes on: |  |  |  |  |
Provision for impairment of assets | 57,924 |  |  | 75,231 |
Provisions for tax, civil, and labor risks | 188,236 |  |  | 138,516 |
Provision for post-employment benefits | 73,335 |  |  | 96,108 |
Provision for differences between cash and accrual basis (i) | 24,754 |  |  | 606,054 |
Goodwill | 4,825 |  |  | 5,161 |
Business combination – tax basis vs. accounting basis of goodwill | 18,699 |  |  | 75,515 |
Provision for asset retirement obligation | 16,991 |  |  | 15,728 |
Provision for suppliers | 39,364 |  |  | 49,501 |
Provision for profit sharing and bonus | 44,876 |  |  | 56,873 |
Leases payable | 41,463 |  |  | 41,932 |
Change in fair value of subscription warrants | 10,957 |  |  | 22,833 |
Provision for deferred revenue | 15,643 |  |  | 25,770 |
Other provisions | 2,769 |  |  | 14,917 |
Tax losses and negative basis for social contribution carryforwards (10.d) | 148,345 |  |  | 363,862 |
Total | 688,181 |  |  | 1,588,001 |
Offset liability balance of deferred IRPJ and CSLL | (116,426 | ) |  | (613,290 | )
Net balance of deferred taxes assets | 571,755 |  |  | 974,711 |
Liabilities - deferred income and social contribution taxes on: |  |  |  |  |
Revaluation of PP&E | 408 |  |  | 1,776 |
Leases payable | 138 |  |  | 1,895 |
Provision for differences between cash and accrual basis (i) | 19,664 |  |  | 402,780 |
Provision for goodwill | 28,676 |  |  | 92,242 |
Business combination – fair value of assets | 66,079 |  |  | 111,832 |
Other provisions | 1,743 |  |  | 15,497 |
Total | 116,708 |  |  | 626,022 |
Offset asset balance of deferred IRPJ and CSLL | (116,426 | ) |  | (613,290 | )
Net balance of deferred taxes liabilities | 282 |  |  | 12,732 |
(i) | Refers, mainly, to the income tax on the exchange variation of the derivate hedging instruments.
Changes in the net balance of deferred IRPJ and CSLL are as follows:
| 2021 |  |  | 2020 |  |  | 2019 |  |
Initial balance | 961,979 |  |  | 646,163 |  |  | 504,890 |  |
Deferred IRPJ and CSLL recognized in income of the year | 242,246 |  |  | 234,244 |  |  | (2,633 | ) |
Deferred IRPJ and CSLL of subsidiaries classified as discontinued operations | 110,821 |  |  | (146,305 | ) |  | 100,098 |  |
Deferred IRPJ and CSLL recognized in other comprehensive income | (11,366 | ) |  | 210,034 |  |  | 40,497 |  |
Reclassification to assets held for sale | (728,986 | ) |  | - |  |  | - |  |
Others | (3,221 | ) |  | 17,843 |  |  | 3,311 |  |
Final balance | 571,473 |  |  | 961,979 |  |  | 646,163 |  |
In order to evaluate the realization of deferred tax assets, the taxable income projections from business plans of each segment of the Company which indicates trends and perspectives, demand effects, competition and other economic factors, and that represent the management’s best estimate about the economic conditions existing during the period of realization of the deferred tax asset were taken into account. The main key assumptions used to calculate the realization of deferred tax assets are: growth in Gross Domestic Product (“GDP”), exchange rate, basic interest rate (SELIC) and DI, inflation rate, commodity price index, among others. The balances of Company and its subsidiaries of R$ 688,181 were supported by the technical study on taxable profit projections for the realization of deferred tax assets. b. Reconciliation of income and social contribution taxes IRPJ and CSLL are reconciled to the statutory tax rates as follows:
| 2021 |  |  | 2020 |  |  | 2019 |  |
|  |  |  | Re-Restated (i) |  |  | Re-Restated (i) |  |
Income before taxes | 1,006,648 |  |  | 951,581 |  |  | 1,365,177 |  |
Statutory tax rates – % | 34 |  |  | 34 |  |  | 34 |  |
Income and social contribution taxes at the statutory tax rates | (342,260 | ) |  | (323,538 | ) |  | (464,161 | ) |
Adjustments to the statutory income and social contribution taxes: |  |  |  |  |  |  |  |  |
Nondeductible expenses (ii) | (45,569 | ) |  | (33,420 | ) |  | (41,690 | ) |
Nontaxable revenues (iii) | 2,571 |  |  | 2,757 |  |  | 4,525 |  |
Monetary variation (SELIC) on repetition of tax undue payments (iv) | 136,060 |  |  | - |  |  | - |  |
Adjustment to estimated income (v) | 3,901 |  |  | 8,850 |  |  | 10,511 |  |
Unrecorded deferred income and social contribution taxes carryforwards deferred (vi) | (5,285 | ) |  | (3,166 | ) |  | (3,271 | ) |
Share of profit (loss) of subsidiaries, joint ventures and associates | (5,995 | ) |  | (14,972 | ) |  | (4,322 | ) |
Other adjustments | 21,414 |  |  | 12,911 |  |  | 3,178 |  |
Income and social contribution taxes before tax incentives | (235,163 | ) |  | (350,578 | ) |  | (495,230 | ) |
Tax incentives - SUDENE | 47,129 |  |  | 46,061 |  |  | 25,254 |  |
Income and social contribution taxes in the income statement | (188,034 | ) |  | (304,517 | ) |  | (469,976 | ) |
Current | (430,280 | ) |  | (538,761 | ) |  | (467,343 | ) |
Deferred | 242,246 |  |  | 234,244 |  |  | (2,633 | ) |
Effective IRPJ and CSLL rates – % | 18.7 |  |  | 32.0 |  |  | 34.4 |  |
(i) | For more information on the restatement, see note 3.c.1.
(ii) | C onsist of certain expenses that cannot be deducted for tax purposes under applicable tax legislation, such as expenses with fines, donations, gifts, losses of assets, negative effects of foreign subsidiaries and certain provisions.
(iii) | C onsist of certain gains and income that are not taxable under applicable tax legislation, such as the reimbursement of taxes and the reversal of certain provisions.
(iv) | Refers to amounts related to non-taxation of IRPJ/CSLL on monetary variation (SELIC) in the repetition of undue tax lawsuits (see note 10.e).
(v) | Brazilian tax law allows for an alternative method of taxation for companies that generated gross revenues of up to R$ 78 million in their previous fiscal year. Certain subsidiaries of the Company adopted this alternative form of taxation, whereby income and social contribution taxes are calculated on a basis equal to 32% of operating revenues, as opposed to being calculated based on the effective taxable income of these subsidiaries. The adjustment to estimated income represents the difference between the taxation under this alternative method and the income and social contribution taxes that would have been pa id based on the effective statutory rate applied to the taxable income of these subsidiaries.
(vi) | See Note 10.d.
c. Tax i ncentives – SUDENE For belonging to the sectors of the economy considered priority for the subsidized areas, under the terms of the development program of region operated by the Superintendence for the Development of the Northeast (“SUDENE”), the following subsidiaries, in compliance with the current law have entitled to federal tax benefits providing for IRPJ reduction under:
Subsidiary | Units |  |  | Incentive - % |  |  | Expiration
Bahiana Distribuidora de Gás Ltda. | Mataripe base |  |  | 75 |  |  | 2024
| Caucaia base |  |  | 75 |  |  | 2025
| Juazeiro base |  |  | 75 |  |  | 2026
| Aracaju base |  |  | 75 |  |  | 2027
| Suape base |  |  | 75 |  |  | 2027
Ultracargo Logística S.A. | Suape terminal |  |  | 75 |  |  | 2030
| Aratu terminal |  |  | 75 |  |  | 2022
| Itaqui terminal |  |  | 75 |  |  | 2030
d. Income and social contribution taxes carryforwards As of December 31, 2021, the Company and certain subsidiaries had tax loss carryforwards related to income tax (IRPJ) and negative basis of CSLL, whose compensations are limited to 30% of taxable income in a given tax year, which do not expire. The balances which are constituted of deferred taxes related to income tax loss carryforwards and negative basis of social contribution base are as follows:
| 12/31/2021 |  |  | 12/31/2020 |
Oil Trading | 53,839 |  |  | - |
Ultrapar (i) | 43,441 |  |  | 27,736 |
Abastece aí | 41,065 |  |  | 7,362 |
Tequimar Vila do conde | 9,861 |  |  | 489 |
Ultracargo | 139 |  |  | 107 |
Oxiteno S.A. (ii) | - |  |  | 205,604 |
Ipiranga | - |  |  | 44,537 |
Iconic | - |  |  | 5,691 |
Extrafarna (ii) | - |  |  | 72,318 |
UVC Investimentos | - |  |  | 18 |
| 148,345 |  |  | 363,862 |
(i) | Considers the amount of R$ 8,510 of deferred taxes recognized on the tax loss of subsidiary Ultrapar International as of December 31, 2021 (R$ 7,659 as of December 31, 2020).
(ii) | As of December 31, 2021, the amounts of R$ 247,912 and R$ 72,318, referring to the balances constituted on deferred charges related to IRPJ tax losses and negative CSLL bases for the subsidiaries Oxiteno S.A. and Extrafarma, respectively, were reclassified to assets held for sale.
The balances which are not constituted of deferred taxes related to income tax loss carryforwards and negative basis of social contribution base are as follows:
| 12/31/2021 |  |  | 12/31/2020 |
Extrafarma | 312,521 |  |  | 294,400 |
Integra Frotas | 11,769 |  |  | 7,802 |
Millennium | 3,174 |  |  | 640 |
| 327,464 |  |  | 302,842 |
e. Non-incidence of IRPJ/CSLL on the update by Selic of tax undue payments received from the Federal Government The Company and its subsidiaries have lawsuits claiming the non-incidence of IRPJ and CSLL on monetary variation (SELIC) on tax credits. On September 27, 2021, the Federal Supreme Court judged that the incidence of IRPJ and CSLL on amounts related to monetary variation (SELIC) received by taxpayers in the repetition of tax undue payments is unconstitutional. The Company and its subsidiaries recognized a tax credit of R$ 106,667 related to this topic. On December 31, 2021, the amount of R$ 74,243 related to the subsidiaries Extrafarma, Oxiteno S.A., Oleoquímica and EMCA, was reclassified to assets held for sale.

X
- Definition The entire disclosure for income taxes. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 12 -IssueDate 2021-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=12&code=ifrs-tx-2021-en-r&doctype=Standard&dita_xref=IAS12_g79-88_TI -URIDate 2021-03-24 + Details
Name: | ifrs-full_DisclosureOfIncomeTaxExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of income and social contribution taxes. + References No definition available. + Details
Name: | ugp_DisclosureOfIncomeAndSocialContributionTaxesAbstract
Namespace Prefix: | ugp_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration