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Income taxes | 12 Months Ended
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Dec. 31, 2022
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, 2022 | As of December 31, 2021
ThCh$ | ThCh$
Refundable tax previous year | 2,566,562 | 2,114,087
Tax payments in advance | 34,996,163 | 15,510,712
Benefits for tax losses | 8,545,035 | 7,484,691
Other credits | 599,765 | 953,366
Total | 46,707,525 | 26,062,856
Non-current tax receivables Tax receivables are detailed as follows:
| As of December 31, 2022 | As of December 31, 2021
ThCh$ | ThCh$
Tax on minimum presumed income of Argentine subsidiaries (1) | - | 3,094
Total | - | 3,094
| (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, 2022 | As of December 31, 2021
ThCh$ | ThCh$
Income tax | 2,649,908 | 21,256,053
Monthly tax payment in advance | 5,048,222 | 12,699,115
Tax under Article N°21 | 244,604 | 66,617
Other | 1,121,340 | 1,045,007
Total | 9,064,074 | 35,066,792
Tax expense The detail of income tax and deferred income tax expense is as follows:
| For the years ended as of December 31,
2022 | 2021 | 2020
ThCh$ | ThCh$ | ThCh$
Income as per deferred tax related to the origin and reversal of temporary differences | 24,029,239 | 13,622,576 | 6,881,063
Prior year adjustments | (1,106,853) | 487,424 | 1,574,181
Effect of change in tax rates | - | (374,389) | -
Tax loss benefits | 15,425,726 | (2,447,694) | 5,474,838
Total deferred tax expense | 38,348,112 | 11,287,917 | 13,930,082
Current tax expense | (38,717,929) | (95,200,176) | (48,572,545)
Prior period adjustments | 105,874 | 1,282,486 | (765,957)
Total (expenses) income for current taxes | (38,612,055) | (93,917,690) | (49,338,502)
(Loss) Income from income tax | (263,943) | (82,629,773) | (35,408,420)
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,
2022 | 2021 | 2020
ThCh$ | ThCh$ | ThCh$
Net income from cash flow hedge | 3,352,151 | (585,430) | (1,098,591)
Actuarial gains and losses deriving from defined benefit plans | 1,981,923 | (1,444,133) | 488,246
Charge to equity | 5,334,074 | (2,029,563) | (610,345)
Efective Rate The Company’s income tax expense for the year ended December 31, 2022, 2021 and 2020 represents 0.20%, 27.35% and 24.67%, 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,
2022 | 2021 | 2020
ThCh$ | Rate % | ThCh$ | Rate % | ThCh$ | Rate %
Income before taxes | 135,748,395 |  | 301,680,454 |  | 143,603,276 |
Income tax using the statutory rate | (36,652,067) | 27.00 | (81,453,723) | 27.00 | (38,772,885) | 27.00
Adjustments to reach the effective rate |  |  |  |  |  |
Tax effect of permanent differences, net | 37,221,335 | (27.42) | 5,195,230 | (1.70) | 6,626,165 | (4.61)
Effect of change in tax rate | - | - | (374,389) | 0.12 | - | -
Derecognition of non recoverable deferred tax assets | 1,361,100 | (1.00) | (4,158,316) | 1.35 | (3,529,795) | 2.46
Effect of tax rates in foreing subsidiaries | (1,193,332) | 0.88 | (3,608,485) | 1.16 | (540,129) | 0.38
Prior year adjustments | (1,000,979) | 0.74 | 1,769,910 | (0.58) | 808,224 | (0.56)
Income tax, as reported | (263,943) | 0.20 | (82,629,773) | 27.35 | (35,408,420) | 24.67
Deferred taxes Deferred tax assets and liabilities included in the Consolidated Financial Statements are detailed as follows:
| As of December 31, 2022 | As of December 31, 2021
ThCh$ | ThCh$
Deferred taxes assets |  |
Accounts receivable impairment provision | 1,509,712 | 1,526,101
Other non-tax expenses | 26,204,718 | 17,623,677
Benefits to staff | 4,579,775 | 4,175,349
Inventory impairment provision | 1,381,757 | 871,754
Severance indemnity | 11,437,005 | 9,209,019
Inventory valuation | 6,677,494 | 5,777,024
Intangibles | 417,108 | 466,924
Other assets | 16,315,366 | 27,381,615
Tax loss carryforwards | 21,637,825 | 11,658,387
Subtotal by deferred tax assets | 90,160,760 | 78,689,850
Deferred tax liabilities offset | (62,963,553) | (48,118,631)
Total assets from deferred taxes | 27,197,207 | 30,571,219
Deferred taxes liabilities |  |
Property, plant and equipment depreciation | 99,475,409 | 88,073,083
Agricultural operation expenses | 8,796,925 | 7,553,603
Manufacturing indirect activation costs | 8,594,229 | 7,104,468
Intangibles | 22,707,420 | 23,053,494
Land | 23,473,209 | 27,899,218
Other liabilities | 12,616,189 | 12,520,436
Subtotal by deferred tax liabilities | 175,663,381 | 166,204,302
Deferred tax assets offset | (62,963,553) | (48,118,631)
Total liabilities from deferred taxes | 112,699,828 | 118,085,671
Total | (85,502,621) | (87,514,452)
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, 2021 | (67,685,234)
Deferred taxes related to credited items (charged) directly to equity (1) | (22,236,159)
Deferred Tax Losses Tax absorption | (7,485,845)
Deferred taxes from tax loss absorption | 11,287,917
Conversion effect | 49,002
Deferred taxes against equity | (1,444,133)
Changes | (19,829,218)
As of December 31, 2021 | (87,514,452)
As of January 1, 2022 |
Deferred taxes related to credited items (charged) directly to equity (1) | (43,474,235)
Deferred Tax Losses Tax absorption | (1,169,111)
Deferred taxes from tax loss absorption | 38,348,112
Conversion effect | 6,325,142
Deferred taxes against equity | 1,981,923
Changes | 2,011,831
As of December 31, 2022 | (85,502,621)
| (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 years 2018 and 2019, and 13% as the year 2020), applicable as of the reporting results 2018. On December 21, 2019, the law No. 27,541 called the “Law of Social Solidarity and Productive Reactivation in the Public Emergency" which modifies some articles of law No. 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. The application of this new law did not have significant effects on these consolidated financial statements. On June 16, 2021, Law No. 27,630 was enacted, which again modifies the income tax rates for fiscal years beginning on or after January 1, 2021. The application of this new law did not have significant effects on these consolidated financial statements. The companies will determine the amount of the tax using the following scale:
Net cumulative taxable income | Will pay ARS $ | Plus % of | On the excess of
More than ARS $ | To ARS $ | ARS $
- | 7,604,949 | - | 25% | -
7,604,949 | 76,049,486 | 1,901,237 | 30% | 7,604,949
76,049,486 | From now on | 22,434,598 | 35% | 76,049,486
The withholding rate for dividend payments is maintained at 7%.

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