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Income tax and social contribution | 12 Months Ended
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Dec. 31, 2018
Text block [abstract] |
Income tax and social contribution |
17. | Income tax and social contribution
(a) | Reconciliation of the deferred income tax and social contribution:
|  | Tax losses |  |  | Tax credit |  |  | Technological inovation (i) |  |  | Other temporary differences -ASSETS |  |  | Other temporary differences - LIABILITY |  |  | Total |
Deferred tax |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At December 31, 2016 |  |  | 1,051 |  |  |  | 3,606 |  |  |  | (24,378 | ) |  |  | 3,648 |  |  |  | — |  |  |  | (16,074 | )
Included in the statement of income |  |  | 436 |  |  |  | (721 | ) |  |  | (16,814 | ) |  |  | 28,995 |  |  |  | (1,616 | ) |  |  | 10,280 |
At December 31, 2017 |  |  | 1,487 |  |  |  | 2,885 |  |  |  | (41,192 | ) |  |  | 32,642 |  |  |  | (1,616 | ) |  |  | (5,794 | )
Included in the statement of income |  |  | 1,424 |  |  |  | (712 | ) |  |  | (41,987 | ) |  |  | 32,073 |  |  |  | (117,129 | ) |  |  | (126,331 | )
At December 31, 2018 |  |  | 2,911 |  |  |  | 2,173 |  |  |  | (83,179 | ) |  |  | 64,715 |  |  |  | (118,745 | ) |  |  | (132,125 | )
(i) | The main temporary differences representing the balance of the deferred tax liability refers to the benefit granted by the Technological Innovation Law (Lei do Bem).
Tax loss carry-forwards are recognized as deferred tax assets to the extent that the realization of the related tax benefit through future taxable profits is probable. Tax losses do not have an expiration date. The estimated realization of deferred tax assets in non-current assets and liabilities is as follows:
|  | December 31, 2018 |  |  | December 31,2017 |
|  | Liability |  |  | Assets |  |  | Liability |
2018 |  |  | (8,508 | ) |  |  | 8,895 |  |  |  | (20,728 | )
2019 |  |  | (13,659 | ) |  |  | 4,040 |  |  |  | (18,008 | )
2020 |  |  | (15,420 | ) |  |  | 2,111 |  |  |  | (2,454 | )
2021 |  |  | 10,556 |  |  |  | 982 |  |  |  | (1,434 | )
2022 |  |  | (105,094 | ) |  |  | 20,987 |  |  |  | (185 | )
|  |  | (132,125 | ) |  |  | 37,015 |  |  |  | (42,809 | )
(b) | Reconciliation of the income tax and social contribution expense:
PagSeguro Group computed income tax and social contribution under the taxable income method. The following is a reconciliation of the difference between the actual income tax and social contribution expense and the expense computed by applying the Brazilian federal statutory rate for the years ended December 31, 2018, 2017 and 2016:
|  | December 31, 2018 |  |  | December 31, 2017 |  |  | December 31, 2016 |
Profit for the year before taxes |  |  | 1,217,623 |  |  |  | 683,504 |  |  |  | 155,359 |
Statutory rate |  |  | 34 | % |  |  | 34 | % |  |  | 34 | %
Expected income tax and social contribution |  |  | (413,992 | ) |  |  | (232,391 | ) |  |  | (52,822 | )
Income tax and social contribution effect on: |  |  |  |  |  |  |  |  |  |  |  |
Permanent additions (exclusions) |  |  |  |  |  |  |  |  |  |  |  |
Gifts |  |  | (352 | ) |  |  | (375 | ) |  |  | — |
R&D and technological innovation benefit—Law 11.196/05 (i) |  |  | 58,893 |  |  |  | 24,987 |  |  |  | 15,898 |
Interest on own capital |  |  | — |  |  |  | — |  |  |  | 8,860 |
Taxation of income abroad (ii) |  |  | 45,008 |  |  |  | — |  |  |  | — |
Other additions |  |  | 3,309 |  |  |  | 3,069 |  |  |  | 485 |
Income tax and social contribution expense |  |  | (307,134 | ) |  |  | (204,711 | ) |  |  | (27,580 | )
Effective rate |  |  | 25 | % |  |  | 30 | % |  |  | 18 | %
Income tax and social contribution—current |  |  | (180,884 | ) |  |  | (214,988 | ) |  |  | (7,431 | )
Income tax and social contribution—deferred |  |  | (126,331 | ) |  |  | 10,278 |  |  |  | (20,149 | )
(i) | Refers to the benefit granted by the Technological Innovation Law (Lei do Bem), which reduces the income tax charges, based on the amount invested by PagSeguro Group on specific intangible assets, see Note 11.
(ii) | Refers to the benefit based on the local law of the Cayman Islands (specifically, the Companies Law of 1960). There is no taxation on the income earned in the companies based in this jurisdiction. As a result of the local tax regulations, all the exchange variantions from U.S. dollars to reais which generate income have no tax impacts for PagSeguro Digital.

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