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Income and Social Contribution Taxes | 12 Months Ended
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Dec. 31, 2024
Disclosure of income and social contribution taxes [abstract] |
Income and Social Contribution Taxes | 9. Income and social contribution taxes Accounting policy Current and deferred income tax (“IRPJ”) and social contribution on net income tax (“CSLL”) are calculated based on their current rates. For the calculation of current IRPJ, the value of tax incentives is also considered. At the end of the fiscal year the portion of the profit corresponding to these investment grants is allocated to the constitution of a tax incentive reserve in subsidiaries’ equity and is excluded from the dividend calculation basis and subsequently capitalized. Taxes are recognized based on the rates of IRPJ and CSLL provided for by the laws enacted on the last day of the financial statements. The current rates in Brazil are 25% for IRPJ and 9% for CSLL. Deferred IRPJ and CSLL are recognized when a temporary difference between the tax and accounting balances exists, given that tax credits and debits are not subject to the statute of limitations, and mainly result from provisions for differences between cash and accrual basis, tax loss carryforwards, leasing operations, negative bases and provisions for tax, civil, and labor risks. Deferred tax assets are sustained by the continued profitability of their operations. For purposes of disclosure, deferred tax assets were offset against deferred tax liabilities, in the same taxable entity. On December 27, 2024, Law 15,079 was published, which introduce the Additional of CSLL to adapt Brazilian legislation to the GloBE Rules, aligning the country to Pillar 2 of the BEPS of OECD. This guideline establishes a minimum global tax rate of 15% for multinationals with annual revenues exceeding € 750 million. Management assessed and concluded that no relevant effects on the Company's financial statements are expected. a. Deferred income (IRPJ) and social contribution taxes (CSLL)
| 12/31/2024 |  |  | 12/31/2023 |
Assets - deferred income and social contribution taxes on: |  |  |  |  |
Provision for losses with assets | 41,467 |  |  | 46,863 |
Provisions for tax, civil and labor risks | 188,495 |  |  | 326,662 |
Provision for post-employment benefits | 76,166 |  |  | 90,451 |
Provision for differences between cash and accrual basis (i) | 19,483 |  |  | 35,989 |
Goodwill | 10,317 |  |  | 7,976 |
Provision for asset retirement obligation | 13,472 |  |  | 14,759 |
Operating provisions | 60,120 |  |  | 299,609 |
Provision for profit sharing and bonus | 76,880 |  |  | 91,883 |
Leases payable | 499,988 |  |  | 518,138 |
Change in fair value of subscription warrants | ‐ |  |  | 3,566 |
Provision for deferred revenue | 450 |  |  | 932 |
Other temporary differences | 115,753 |  |  | 104,319 |
Tax losses and negative basis for social contribution carryforwards | 510,780 |  |  | 396,601 |
Total | 1,613,371 |  |  | 1,937,748 |
Offsetting liability balance | (676,430 | ) |  | (682,614 | )
Net balances presented in assets | 936,941 |  |  | 1,255,134 |
Liabilities - Deferred income and social contribution taxes on: |  |  |  |  |
Leases payable | 406,173 |  |  | 432,908 |
Provision for differences between cash and accrual basis (i) | 194,846 |  |  | 81,293 |
Change in fair value of subscription warrants | 7,611 |  |  | ‐ |
Goodwill/negative goodwill on investments | 28,771 |  |  | 28,717 |
Business combination - fair value of assets | 52,781 |  |  | 54,921 |
Other temporary differences | 119,073 |  |  | 84,981 |
Total | 809,255 |  |  | 682,820 |
Offsetting asset balance | (676,430 | ) |  | (682,614 | )
Net balances presented in liabilities | 132,825 |  |  | 206 |
(i) Refers mainly to the income and social contribution taxes on foreign exchange variation of the derivative instruments. Changes in the net balance of deferred IRPJ and CSLL are as follows:
Balance as of December 31, 2021 (net) | 571,473 |
Deferred IRPJ and CSLL recognized in profit (loss) for the year | 296,459 |
Deferred IRPJ and CSLL recognized in income for the year from discontinued operation | 31,138 |
Deferred IRPJ and CSLL recognized in other comprehensive income | (1,134 | )
Balance as of December 31, 2022 (net) | 897,936 |
Deferred IRPJ and CSLL recognized in profit (loss) for the year | 335,375 |
Deferred IRPJ and CSLL recognized in other comprehensive income | 21,474 |
Others | 143 |
Balance as of December 31, 2023 (net) | 1,254,928 |
Deferred IRPJ and CSLL recognized in profit (loss) for the year | (360,953 | )
Deferred IRPJ and CSLL recognized on company acquisition | (71,815 | )
Deferred IRPJ and CSLL recognized in other comprehensive income | (18,178 | )
Others | 134 |
Balance as of December 31, 2024 (net) | 804,116 |
The balance of R$ 1,613,371 was supported by the technical study on taxable profit projections for the realization of deferred tax assets. The taxable profit 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 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 and commodity price index. b. Reconciliation of income and social contribution taxes in the statement of income IRPJ and CSLL are reconciled to the statutory tax rates as follows:
| 12/31/2024 |  |  | 12/31/2023 |  |  | 12/31/2022 |
Income before taxes | 4,011,517 |  |  | 3,578,695 |  |  | 1,879,725 |
Statutory tax rates - % | 34 |  |  | 34 |  |  | 34 |
Income and social contribution taxes at the statutory tax rates | (1,363,916 | ) |  | (1,216,756 | ) |  | (639,107 | )
Adjustment to the statutory income and social contribution taxes: |  |  |  |  |  |  |  |
Nondeductible expenses | (14,729 | ) |  | (11,535 | ) |  | (11,006 | )
Nontaxable revenues (i) | 26,755 |  |  | 114,981 |  |  | 23,149 |
Adjustment to estimated income | 1,807 |  |  | 2,173 |  |  | 10,136 |
Unrecorded deferred income and social contribution tax carryforwards | (205,794 | ) |  | (36,227 | ) |  | (4,602 | )
Share of profit (loss) of subsidiaries, joint ventures and associates | (44,090 | ) |  | 4,049 |  |  | 4,141 |
Interest on capital between subsidiaries | 35,901 |  |  | ‐ |  |  | 153,004 |
Other adjustments | (15,861 | ) |  | (26,666 | ) |  | 29,327 |
Income and social contribution taxes before tax incentives | (1,579,927 | ) |  | (1,169,981 | ) |  | (434,958 | )
Tax incentives – SUDENE (ii) | 94,310 |  |  | 109,039 |  |  | 93,444 |
Income and social contribution taxes in the statement of income | (1,485,617 | ) |  | (1,060,942 | ) |  | (341,514 | )
Current | (1,124,664 | ) |  | (1,396,317 | ) |  | (637,973 | )
Deferred | (360,953 | ) |  | 335,375 |  |  | 296,459 |
Effective IRPJ and CSLL rates - % | 37.0 |  |  | 29.6 |  |  | (18.2 | )
(i) Consist of gains and income not taxable ​under applicable tax legislation, such as reimbursement of taxes, tax incentives, installments and reversal of certain provisions, as well as recovery of tax credits and amounts related to non-taxation of the income and social contribution taxes on the monetary variation (SELIC) in the repetition of undue tax lawsuits. (ii) Certain subsidiaries have the benefit of income tax reduction for belonging to the sectors of the economy considered priority for the subsidized areas, with a 75% decrease in the income tax basis. c. Tax losses and negative basis for social contribution carryforwards As of December 31, 2024, the Company and certain subsidiaries had tax loss carryforwards related to income tax (IRPJ) and social contribution (CSLL), whose annual offsets are limited to 30% of taxable income in a given tax year, and do not expire. The balances comprising deferred taxes related to income tax loss carryforwards and negative basis of social contribution are as follows:
| 12/31/2024 |  |  | 12/31/2023 |
Oil Trading | 77,155 |  |  | 84,372 |
Ultrapar | 51,339 |  |  | 77,453 |
Abastece aí Clube | ‐ |  |  | 91,861 |
Ipiranga | 300,409 |  |  | 97,071 |
Ultracargo Soluções Logística | 33,553 |  |  | 30,652 |
Others | 48,324 |  |  | 15,192 |
| 510,780 |  |  | 396,601 |
The balances which are not constituted of deferred taxes related to income tax loss carryforwards and negative basis of social contribution are as follows:
| 12/31/2024 |  |  | 12/31/2023 |
Neogás | 45,286 |  |  | 45,333 |
Integra Frotas | 18,927 |  |  | 13,335 |
Stella | 15,686 |  |  | 8,634 |
Millennium | 11,650 |  |  | 8,539 |
Abastece aí 1 | 126,900 |  |  | ‐ |
Others | 6,374 |  |  | 461 |
| 224,823 |  |  | 76,302 |
1 As of December 31, 2024, the Company reversed the deferred taxes recorded on tax loss carryforwards related to income tax (IRPJ) and social contribution (CSLL) of the subsidiary, based on projections of future realization. d. Non-levy 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-levy of IRPJ and CSLL on monetary variation (SELIC) on tax credits. On September 27, 2021, the Federal Supreme Court judged that the levy of IRPJ and CSLL on amounts related to monetary variation received by taxpayers in the repetition of undue tax payments is unconstitutional. The Company and its subsidiaries have registered credits of this nature in the amount of R$ 141,147 as of December 31, 2024 (R$ 143,147 as of December 31, 2023).

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