XML 33 R14.htm IDEA: XBRL DOCUMENT

8. RECOVERABLE TAXES

12 Months Ended

Dec. 31, 2020

8.	RECOVERABLE TAXES

		Consolidated
	12/31/2020	12/31/2019
State Value-Added Tax	1,002,926	1,109,887
Brazilian federal contributions ⁽¹⁾	1,417,081	2,230,793
Other taxes	123,939	61,675
	2,543,946	3,402,355

Classified:
Current	1,605,494	1,282,415
Non-current	938,452	2,119,940
	2,543,946	3,402,355

Refers mainly to PIS / COFINS (VAT Federal) all to be recovered and income tax and social contribution to be offset. In respect to PIS and COFINS to be recoverable on September 20, 2018, the writ of mandamus and special appeal filed in 2006, in which CSN and the Federal Union are parties, related to the discussion about the non-inclusion of ICMS in the PIS and COFINS calculation basis, was judged in final court decision, confirmed the right of CSN to offset the amounts unduly paid as a result of the PIS and COFINS base being increased by the inclusion of ICMS in the period from 2001 to 2014.

Accounting Policy

The balance of recoverable taxes maintained as current asset is expected to be offset in the next 12 months, as well as based on analysis and budget projection approved by Management. We do not foresee risks of non-realization of these tax credits.