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INCOME TAX AND SOCIAL CONTRIBUTIONS (Tables) | 12 Months Ended
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Dec. 31, 2021
Income Tax And Social Contributions |
Schedule of income tax and social contribution income (expense) | The income tax and social contribution recognized in net income for the year are as follows: Schedule of income tax and social contribution income (expense)
|  |  |  |  | Consolidated
| 12/31/2021 |  | 12/31/2020 |  | 12/31/2019
Income tax and social contribution income (expense) |  |  |  |
Current | (4,240,802) |  | (2,052,204) |  | (1,564,622)
Deferred | (759,355) |  | 1,426,696 |  | 2,398,400
Total | (5,000,157) |  | (625,508) |  | 833,778
Schedule of reconciliation of income tax and social contribution income (expense) | The reconciliation of income and social contribution expenses and income of the consolidated and the product of the current tax rate on income before income tax and social contribution are shown below: Schedule of reconciliation of income tax and social contribution income (expense)
|  |  |  |  | Consolidado
| 12/31/2021 |  | 12/31/2020 |  | 12/31/2019
Profit/(Loss) before income tax and social contribution | 18,595,778 |  | 4,918,126 |  | 1,410,733
Tax rate | 34% |  | 34% |  | 34%
Income tax and social contribution at combined statutory rate | (6,322,565) |  | (1,672,163) |  | (479,649)
Adjustment to reflect the effective rate: |  |  |  |  |
Equity in results of affiliated companies | 71,833 |  | 28,391 |  | 46,737
Difference Tax Rate in companies abroad | (437,567) |  | (519,840) |  | (236,404)
Transfer price adjustment | (20,925) |  | (15,645) |  | (18,494)
Tax loss carryforwards without recognizing deferred taxes | (9,495) |  | (27,758) |  | (21,095)
Indebtdness limit | (6,260) |  | (25,087) |  | (20,393)
Unrecorded deferred taxes on temporary differences | 3,181 |  | 5,142 |  | (2,835)
Reversal for deferred income tax and social contribution credit | 1,033,566 |  | 1,540,087 |  | 1,530,185
Income taxes and social contribution on foreign profit | (34,896) |  | (13,011) |  | (14,424)
Tax incentives | 273,040 |  | 64,818 |  | 39,042
Interest on equity | 185,325 |  | 17,177 |  | 22,107
Other permanent exclusions (additions) (i) | 264,606 |  | (7,619) |  | (10,999)
Income tax and social contribution in net income for the year | (5,000,157) |  | (625,508) |  | 833,778
Effective tax rate | 27% |  | 13% |  | -59%
(i) |  | In September 2021 the Company recognized a credit for the unconstitutionality of the incidence of IRPJ and CSLL on amounts referring to the SELIC rate received due to the repetition of undue tax payment (see note 9).
Schedule of deferred income tax and social contribution | Deferred income tax and social contribution balances are as follows: Schedule of deferred income tax and social contribution
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | Consolidated
|  | Opening balance |  | Movement |  | Opening balance |  | Movement | Closing balance
|  | 12/31/2019 |  | Shareholders' Equity |  | P&L |  | Others |  | 12/31/2020 Reclassified |  | Shareholders' Equity |  | P&L |  | Others |  | 12/31/2021
Deferred |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income tax losses |  | 1,610,801 |  |  |  | 238,198 |  |  |  | 1,848,999 |  |  |  | (311,376) |  |  |  | 1,537,623
Social contribution tax losses |  | 610,046 |  |  |  | 78,162 |  |  |  | 688,208 |  |  |  | (104,363) |  |  |  | 583,845
Temporary differences |  | (337,082) |  | (59,380) |  | 1,110,336 |  | 5,029 |  | 718,903 |  | 2,073,437 |  | (343,616) |  | (1,181) |  | 2,447,543
- Provision for tax. social security, labor, civil and environmental risks |  | 264,013 |  |  |  | 15,136 |  |  |  | 279,149 |  |  |  | (13,821) |  |  |  | 265,328
- Asset impairment losses |  | 182,431 |  |  |  | (26,444) |  | 5,029 |  | 161,016 |  |  |  | 122,250 |  |  |  | 283,266
- (Gains)/losses on financial instruments |  | 414,495 |  |  |  | (409,468) |  |  |  | 5,027 |  |  |  | 1,457 |  |  |  | 6,484
- Actuarial liability (pension and healthcare plan) |  | 314,601 |  | (44,732) |  | (7,412) |  |  |  | 262,457 |  | (66,019) |  | 13,571 |  |  |  | 210,009
- Accrued supplies and services |  | 132,411 |  |  |  | 22,041 |  |  |  | 154,452 |  |  |  | 9,168 |  |  |  | 163,620
- Unrealized exchange variation (1) |  | 2,774,085 |  |  |  | (29,175) |  |  |  | 2,744,910 |  |  |  | (1,718,608) |  |  |  | 1,026,302
- Gain upon loss of control in Transnordestina |  | (92,180) |  |  |  |  |  |  |  | (92,180) |  |  |  |  |  |  |  | (92,180)
- Cash flow hedge accounting |  | 426,961 |  | 1,315,839 |  |  |  |  |  | 1,742,800 |  | 216,757 |  |  |  |  |  | 1,959,557
- Acquisition at fair value of SWT and CBL |  | (184,513) |  | (57,651) |  | 30,149 |  |  |  | (212,015) |  | 7,929 |  | 25,926 |  |  |  | (178,160)
- Deferred taxes not computed |  | (291,961) |  |  |  | (25,966) |  |  |  | (317,927) |  |  |  | 69,322 |  |  |  | (248,605)
- (Losses) estimated /reversals to deferred taxes credits |  | (3,218,582) |  | (1,270,110) |  | 1,548,640 |  |  |  | (2,940,052) |  | 1,915,039 |  | 1,025,013 |  |  |  |
- Business Combination |  | (1,023,341) |  |  |  | 8,292 |  |  |  | (1,015,049) |  |  |  | (323,625) |  |  |  | (1,338,674)
- Others |  | (35,502) |  | (2,726) |  | (15,457) |  |  |  | (53,685) |  | (269) |  | 445,731 |  | (1,181) |  | 390,596
Total |  | 1,883,765 |  | (59,380) |  | 1,426,696 |  | 5,029 |  | 3,256,110 |  | 2,073,437 |  | (759,355) |  | (1,181) |  | 4,569,011
Total Deferred Assets |  | 2,473,304 |  |  |  |  |  |  |  | 3,874,946 |  |  |  |  |  |  |  | 5,072,092
Total Deferred Liabilities |  | (589,539) |  |  |  |  |  |  |  | (618,836) |  |  |  |  |  |  |  | (503,081)
Total Deferred |  | 1,883,765 |  |  |  |  |  |  |  | 3,256,110 |  |  |  |  |  |  |  | 4,569,011
(1) |  | The Company taxes exchange variations on a cash basis to calculate income tax and social contribution on net income.
Schedule of estimated recovery of deferred tax assets | The estimated recovery of deferred tax assets of IRPJ and CSLL are netted when referring to a single jurisdiction as shown in the table below: Schedule of estimated recovery of deferred tax assets
|  | Consolidated
2022 |  | 2,331,239
2023 |  | 1,766,672
2024 |  | 702,525
2025 |  | 709,246
2026 |  | 429,565
Deferred asset |  | 5,939,247
Deferred liabilities - Parent Company |  | (867,155)
Net deferred asset |  | 5,072,092
Deferred liabilities - subsidiaries |  | (503,081)
Net deferred asset |  | 4,569,011
Schedule of income tax and social contribution recognized in shareholders' equity | Income tax and social contribution recognized directly in equity are shown below: Schedule of income tax and social contribution recognized in shareholders' equity
|  |  | Consolidated
| 12/31/2021 |  | 12/31/2020
Income tax and social contribution |  |  |
Actuarial gains on defined benefit pension plan | 104,532 |  | 170,604
Estimated losses for deferred income and social contribution tax credits - actuarial gains |  |  | (172,520)
Exchange differences on translating foreign operations | (325,350) |  | (325,350)
Cash flow hedge accounting | 1,959,556 |  | 1,742,520
Estimated losses for deferred income and social contribution tax credits - cash flow hedge |  |  | (1,742,520)
total | 1,738,738 |  | (327,266)
Schedule of deferred tax assets on tax losses and temporary differences | Deferred income tax / social contribution on tax losses and temporary differences refers mainly to the following items: Schedule of deferred tax assets on tax losses and temporary differences
| Nature | Brief description
| Tax losses | The Company incurred in tax losses in previous years as a result of financial expenses on its indebtedness, since it substantially holds all the loans and financing of the CSN Group. The Company reported taxable income in 2021 and in some quarters of 2020.
Differences Temporary | Foreign exchange variation expenses | Since 2012, the Company has opted for taxing exchange rate variations on a cash basis. As a result, taxes are due and expenses are deductible when the underlying asset or liability is settled.
Other provisions | Other provisions are recognized on an accrual basis and their taxation occurs only at the time of their realization, such as: provision for contingencies, loss for impairment, provision for environmental liabilities, etc.

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