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10. DEFERRED INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Deferred Income Taxes |
Schedule of deferred income and social contribution taxes |
| 12.31.20 |  | 12.31.19
Assets |  |  |
Tax loss carryforwards | 2,060,846 |  | 1,785,027
Negative calculation basis (social contribution) | 772,283 |  | 682,175
Temporary differences - Assets |  |  |
Provisions for tax, civil and labor risks | 458,019 |  | 477,538
Suspended collection taxes | 1,871 |  | 31,069
Expected credit losses | 194,977 |  | 164,332
Impairment on tax credits | 67,900 |  | 60,797
Provision for other obligations | 115,959 |  | 64,661
Employees' profit sharing | 86,752 |  | 66,166
Write-down to net realizable value of inventories | 19,189 |  | 18,718
Employees' benefits plan | 216,510 |  | 202,228
Lease basis difference | 86,308 |  | 37,492
Other temporary differences | 40,028 |  | 135,940
| 4,120,642 |  | 3,726,143
Temporary differences - Liabilities |  |  |
Difference on tax x accounting basis for goodwill amortization | (320,729) |  | (319,592)
Difference on tax x accounting basis for depreciation (useful life) | (851,436) |  | (802,844)
Business combination (1) | (761,429) |  | (640,318)
Unrealized gains on derivatives, net | (42,493) |  | (43,428)
Unrealized fair value gains, net | (39,269) |  | (11,998)
Other temporary differences | (22,749) |  | (77,903)
| (2,038,105) |  | (1,896,083)
Total deferred taxes | 2,082,537 |  | 1,830,060
Total Assets | 2,109,064 |  | 1,915,370
Total Liabilities | (26,527) |  | (85,310)
| 2,082,537 |  | 1,830,060
| (1) | The deferred tax asset on the Sadia business combination was recorded on the amortization difference between the accounting and tax goodwill calculated as of the purchase price allocation date. The deferred tax liability on the Sadia business combination is substantially represented by the allocation of goodwill to property, plant and equipment, brands and contingent liabilities.
Schedule of rollforward deferred tax | The roll-forward of deferred income taxes, net, is set forth below:
| 12.31.20 |  | 12.31.19
Beginning balance | 1,830,060 |  | 1,453,878
Deferred taxes on profit recognized in income | 172,763 |  | 290,094
Deferred income taxes recognized in other comprehensive income | 32,070 |  | 60
Deferred income taxes related to discontinued operations | - |  | 116,883
Other (1) | 47,644 |  | (30,855)
Ending balance | 2,082,537 |  | 1,830,060
| (1) | Mainly related to the foreign exchange variation effect on the balances in foreign companies.
Schedule of deferred tax | The recoverability study is reviewed by the Fiscal Council and approved by the Board of Directors. Based on this estimate, Management believes that it is probable that these deferred tax credits will be realized, as presented below:
2021 | 55,306
2022 | 140,612
2023 | 231,408
2024 | 291,677
2025 | 335,681
2026 to 2028 | 1,035,323
2029 onwards | 743,122
| 2,833,129
Schedule of income and social contribution taxes reconciliation |
| 12.31.20 |  | 12.31.19 |  | 12.31.18
Income before taxes | 1,352,234 |  | 882,938 |  | (2,447,808)
Nominal tax rate | 34% |  | 34% |  | 34%
Expense at nominal rate | (459,759) |  | (300,199) |  | 832,255
Adjustments to income taxes |  |  |  |  |
Income from associates and joint ventures | - |  | 73,995 |  | 6,023
Difference of tax rates on results of foreign subsidiaries | 955,324 |  | (74,172) |  | 277,088
Difference of functional currency of foreign subsidiaries | 1,142,762 |  | 73,380 |  | 112,379
Deferred tax assets not recognized (1) | (1,481,478) |  | (38,464) |  | (347,116)
Share-based payment | (22,774) |  | (14,172) |  | (5,842)
Transfer price | (40,568) |  | (16,966) |  | (79,043)
Penalties | (5,261) |  | (48,633) |  | (1,626)
Investment grant | 52,279 |  | 64,127 |  | 59,236
Write-off of non-realizable tax assets - SHB incorporation | - |  | - |  | (268,701)
Reversal (recognition) of provision with no deferred tax constituted | - |  | 481,356 |  | (244,591)
Other permanent differences | 32,238 |  | (4,857) |  | (6,760)
| 172,763 |  | 195,395 |  | 333,302
Effective rate | -12.8% |  | -22.1% |  | 13.6%
Current tax | (77,373) |  | (94,699) |  | (6,842)
Deferred tax | 250,136 |  | 290,094 |  | 340,144
| (1) | Amount related to the non-recognition of deferred tax on tax losses carryforward in the amount of R$4,357,288, due to limited capacity of realization (note 10.2).

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