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Income taxes | 12 Months Ended
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Dec. 31, 2020
Disclosure of current, deferred and income taxes [Abstract] |
Disclosure Of Current Deferred And Income Taxes Explanatory [Text Block] | Note 25 Income taxes Tax receivables Taxes receivables are detailed as follows:
| As of December 31, 2020 | As of December 31, 2019
ThCh$ | ThCh$
Refundable tax previous year | 3,911,803 | 5,484,216
Argentinean tax credits | 3,200,454 | 1,140,073
Monthly provisions | 3,498,109 | 8,136,478
Payment of absorbed profit provision | 1,154 | 4,830
Other credits | 253,827 | 366,693
Total | 10,865,347 | 15,132,290
Non-current tax receivables Tax receivables are detailed as follows:
| As of December 31, 2020 | As of December 31, 2019
ThCh$ | ThCh$
Others (1) | 3,236 | 2,305,129
Total | 3,236 | 2,305,129
(1) Corresponds to the minimum presumed income tax of Argentine subsidiaries, whose recovery period is estimated to be more than one year. Current tax liabilities Tax payables are detailed as follows:
| As of December 31, 2020 | As of December 31, 2019
ThCh$ | ThCh$
Chilean Tax income (expense) | 12,798,390 | 12,928,404
Monthly provisional payments | 7,554,292 | 6,133,335
Chilean unique taxes | 64,561 | 165,936
Other | 833,979 | 1,276,699
Total | 21,251,222 | 20,504,374
Tax expense The income tax and deferred tax expense for the years ended as of December 31, 2020, 2019 and 2018, are detailed as follows:
| For the years ended as of December 31,
2020 | 2019 | 2018
ThCh$ | ThCh$ | ThCh$
Income as per deferred tax related to the origin and reversal of temporary differences | 6,881,063 | (8,160,347) | 9,930,675
Prior year adjustments | 1,574,181 | (1,390,633) | 484,985
Effect of change in tax rates | - | - | 23,903
Tax benefits (loss) | 5,474,838 | 11,804,310 | (1,795,446)
Total deferred tax expense | 13,930,082 | 2,253,330 | 8,644,117
Current tax expense | (48,572,545) | (43,516,068) | (144,929,220)
Prior period adjustments | (765,957) | 1,286,824 | 158,286
Total (expenses) income for current taxes | (49,338,502) | (42,229,244) | (144,770,934)
(Loss) Income from income tax | (35,408,420) | (39,975,914) | (136,126,817)
Deferred taxes related to items charged or credited directly to the Consolidated Statement of Comprehensive Income are detailed as follows:
| For the years ended as of December 31,
2020 | 2019 | 2018
ThCh$ | ThCh$ | ThCh$
Net income from cash flow hedge | (1,098,591) | (93,416) | (16,196)
Actuarial gains and losses deriving from defined benefit plans | 488,246 | 1,107,699 | 339,533
Charge to equity | (610,345) | 1,014,283 | 323,337
Effective Rate The Company’s income tax expense as of December 31, 2020, 2019 and 2018 represents 24.67% , 21.54% and 29.71%, respectively of income before taxes. The following is reconciliation between such effective tax rate and the statutory tax rate valid in Chile.
| For the years ended as of December 31,
2020 | 2019 | 2018
ThCh$ | Rate % | ThCh$ | Rate % | ThCh$ | Rate %
Income before taxes | 143,603,276 |  | 185,621,574 |  | 458,211,348 |
Income tax using the statutory rate | (38,772,885) | 27.00 | (50,117,825) | 27.00 | (123,717,064) | 27.00
Adjustments to reach the effective rate |  |  |  |  |  |
Tax effect of permanent differences, net | 6,626,165 | (4.61) | 9,105,693 | (4.91) | (14,596,485) | 3.19
Effect of change in tax rate | - | - | - | - | 23,903 | (0.01)
Derecognition of deferred tax assets not recoverable (1) | (3,529,795) | 2.46 | - | - | - | -
Effect of tax rates in Argentina and Uruguay | (540,129) | 0.38 | 1,140,027 | (0.61) | 1,519,558 | (0.33)
Prior year adjustments | 808,224 | (0.56) | (103,809) | 0.06 | 643,271 | (0.14)
Income tax, as reported | (35,408,420) | 24.67 | (39,975,914) | 21.54 | (136,126,817) | 29.71
(1) The Company has written off deferred tax asset accounts that it estimates will not be recoverable in the foreseeable future. Deferred taxes Deferred tax assets and liabilities included in the Consolidated Financial Statements are detailed as follows:
| As of December 31, 2020 | As of December 31, 2019
ThCh$ | ThCh$
Deferred taxes assets |  |
Accounts receivable impairment provision | 1,435,200 | 1,216,921
Other non-tax expenses | 14,468,076 | 7,984,991
Benefits to staff | 4,538,995 | 3,785,361
Inventory impairment provision | 997,834 | 283,440
Severance indemnity | 10,700,542 | 8,649,423
Inventory valuation | 2,738,985 | 2,311,192
Intangibles | 318,970 | 294,209
Other assets | 17,632,929 | 22,334,415
Tax loss carryforwards | 16,521,177 | 14,888,509
Subtotal by deferred tax assets | 69,352,708 | 61,748,461
Deferred tax liabilities offset | (18,307,996) | (7,219,813)
Total assets from deferred taxes | 51,044,712 | 54,528,648
Deferred taxes liabilities |  |
Property, plant and equipment depreciation | 79,553,048 | 74,003,316
Agricultural operation expenses | 6,143,794 | 6,123,595
Manufacturing indirect activation costs | 5,948,931 | 5,786,780
Intangibles | 18,499,476 | 17,505,666
Land | 24,468,597 | 25,775,281
Other liabilities | 2,424,096 | 9,607,733
Subtotal by deferred tax liabilities | 137,037,942 | 138,802,371
Deferred tax assets offset | (18,307,996) | (7,219,813)
Total liabilities from deferred taxes | 118,729,946 | 131,582,558
Total | (67,685,234) | (77,053,910)
No deferred taxes have been recorded for temporary differences between the taxes and accounting value generated by investments in subsidiaries; consequently deferred tax is not recognized for the translation adjustments or investments in joint ventures and associates. In accordance with current tax laws in Chile, tax losses do not expire and can be applied indefinitely. Argentina, Uruguay and Paraguay tax losses expire after 5 years and Bolivia tax losses expire after 3 years. Changes in deferred tax assets are detailed as follows:
Analysis of the deferred tax movement during the year | ThCh$
As of January 1, 2019 | (70,809,083)
Deferred taxes related to credited items (charged) directly to equity (1) | (9,909,958)
Deferred taxes from tax loss carry forwards absorption | 2,253,330
Conversion effect | 2,451,040
Deferred taxes against equity | 1,107,699
Deferred taxes from business combinations | (2,146,938)
Changes | (6,244,827)
As of December 31, 2019 | (77,053,910)
As of January 1, 2020 |
Deferred taxes related to credited items (charged) directly to equity (1) | (8,731,785)
Deferred taxes from tax loss carry forwards absorption | 13,930,082
Conversion effect | 4,231,830
Deferred taxes against equity | 488,246
Deferred taxes from business combinations | (549,697)
Changes | 9,368,676
As of December 31, 2020 | (67,685,234)
(1) Corresponds to the financial effect of the application IAS 29 "Financial reporting in hyperinflationary economies. In Argentina a Tax Reform No. 27,430 was approved by the government, which, amongst other measures, increases the excise tax on several beverages, including beer from 8% to 14% on the producer price, that applies as of March 1st, 2018, and also gradually reduces for the reporting year 2018 the corporate income tax rate from 35% to 25% (30% for the year 2018 and 2019, and 25% as the year 2020). The effects as of December 31st, 2017 were recognized, without affecting significantly the Consolidated Financial Statements. Additionally, on earnings distributed as dividends a retention will apply that will gradually increase from 0% to 13% (7% for the year 2018 and 2019, and 13% as the year 2020), applicable as of the reporting results 2018. On December 21, 2019, the law N° 27,541 called the “Law of Social Solidarity and Productive Reactivation in the Public Emergency" which modifies some articles of law N° 27,430 was enacted. It mainly postpones one more year (for the year 2020) the increase of the income tax rate of 30% and the withholding tax rate on dividends of 7%, setting up the income tax rate in 25% and the withholding tax rate in 13% on dividends from the year 2021.

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