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DEFERRED INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2022
Deferred Income Taxes  
Schedule of deferred income and social contribution taxes
     
   
  12.31.22   12.31.21
Assets      
Tax losses carryforward  2,800,162    2,822,754
Negative calculation basis (social contribution)  1,008,058    1,046,574
       
Temporary differences - Assets      
Provisions for tax, civil and labor risks 420,470   458,229
Expected credit losses 183,504   184,643
Impairment on tax credits   57,083     64,297
Provision for other obligations 146,652   150,609
Employees' profit sharing   -     47,227
Write-down to net realizable value of inventories   48,744     27,934
Employees' benefits plan 138,451   148,990
Lease basis difference 132,841     95,563
Unrealized losses on derivatives, net   -     21,310
Other temporary differences   31,930     42,566
   4,967,895    5,110,696
       
Temporary differences - Liabilities      
Goodwill amortization basis difference   (323,005)     (307,442)
Depreciation (useful life) basis difference   (947,303)     (895,407)
Business combination (1)   (1,003,955)     (920,214)
Monetary correction by Hyperinflation  (85,997)     -
Unrealized gains on derivatives, net  (73,998)     -
Unrealized fair value gains, net  (71,617)    (37,692)
Other temporary differences (7,022)    (32,381)
    (2,512,897)     (2,193,136)
       
Total deferred taxes  2,454,998    2,917,560
       
Total Assets  2,566,461    2,941,270
Total Liabilities   (111,463)    (23,710)
   2,454,998    2,917,560
(1)The deferred tax liability on business combination is substantially represented by the allocation of goodwill to property, plant and equipment, brands and contingent liabilities.
Schedule of rollforward deferred tax
     
   
  12.31.22   12.31.21
Beginning balance 2,917,560   2,082,537
Deferred income taxes recognized in income from continuing operations   (208,060)     807,744
Deferred income taxes recognized in other comprehensive income   (175,110)   8,738
Deferred income taxes recognized in loss from discontinued operations   -    28,018
Deferred taxes recognized in accumulated losses - monetary correction by hyperinflation (32,655)    -
Other (1) (46,737)     (9,477)
Ending balance 2,454,998   2,917,560
(1)Related to the foreign exchange variation effect on the balances in foreign companies.
Estimating realization of deferred tax credits
   
2023   413,147
2024   111,350
2025   229,380
2026   329,550
2027   430,581
2028 to 2030    1,323,780
2031 and 2032   970,432
     3,808,220
Schedule of income and social contribution taxes reconciliation
         
  12.31.22   12.31.21   12.31.20
           
Loss before taxes - continued operations   (2,805,044)    (34,788)    1,352,234
Nominal tax rate 34%   34%   34%
Benefit at nominal rate 953,715     11,828     (459,759)
Adjustments to income taxes          
Income from associates and joint ventures  366    8,626     -
Difference of tax rates on results of foreign subsidiaries 212,753   244,822    1,018,576
Difference of functional currency of foreign subsidiaries   (538,002)     (129)    1,142,762
Deferred tax assets not recognized (1)   (967,103)     (840,457)   (1,842,478)
Recognition of tax assets from previous years  (77,964)    1,025,000    361,000
Interest on taxes   83,235   104,789     -
Profits taxed by foreign jurisdictions  (31,400)    (33,455)    (63,252)
Share-based payment  (16,600)    (24,454)    (22,774)
Transfer price  (24,995)    (71,634)    (40,568)
Penalties (5,320)    (11,042)   (5,261)
Tax paid on international subsidiaries   21,061     -     -
Investment grant 114,913   109,591   52,279
Other permanent differences  (10,293)     28,617   32,238
Total    (285,634)   552,102    172,763
           
Effective rate -10.2%   1587.0%   -12.8%
           
Current tax  (77,574)     (255,642)    (77,373)
Deferred tax   (208,060)   807,744    250,136

 

(1)Amount related to the non-recognition of deferred tax on tax losses carryforward in the Consolidated, due to limited capacity of realization (note 10.2).