Investor Presentaiton slide image

Investor Presentaiton

(b) Provision for tax, civil, labor, other contingencies, and outstanding judicial deposits 2021 Tax Labor Civil Other 2020 Outstanding judicial deposits Outstanding judicial deposits Judicial deposits Provision Net amount (i) Judicial deposits Provision Net amount (i) (123) 905 782 172 (123) 889 766 145 (120) 458 338 23 (123) 434 311 22 (18) 270 252 4 (17) 281 264 3 (1) (262) 85 1,718 84 1,456 15 214 (1) 61 (264) 1,665 60 1,401 23 193 (i) The Company and its subsidiaries have balances deposited in lawsuits classified by Management, following the indications of the legal advisors of the Company and its subsidiaries as of remote or possible loss, therefore, without the respective provision. (c) Litigation in process with a likelihood of loss considered possible The Company and its subsidiaries were party to litigations representing a risk of possible losses, for which no provision has been made, as detailed below. Nature 2021 2020 Compensation for exploration for mineral resources (CFEM) 501 385 Collection of ICMS due to divergences regarding the destination of the property 267 262 2021 2020 ICMS on electricity charges 234 226 Tax Civil 12,311 12,581 IRPJ/CSLL - Transfer costs 195 191 Environmental 8,770 606 7,988 527 Error in fiscal classification - Importation IRPJ/CSLL Deduction of expenses 191 186 7 78 Labor and social security 366 22,053 367 21,463 Other lawsuits 5,570 12,311 6,553 12,581 (c.1) Comments on contingent tax and public rights liabilities with likelihood of loss considered possible The following are the main contingent liabilities related to tax proceedings in progress with the likelihood of possible loss, for which there is no provi- sion recorded. In the table below we present an analysis of the relevance of these processes: Nature Tax assessment notice - IRPJ/CSLL IRPJ/CSLL Profits abroad 2021 1,784 2020 1,729 1,445 837 1,061 833 Disallowances of PIS/COFINS credits 709 692 Disallowance of IRPJ/CSLL negative balance 571 385 ICMS - Credit (i) Tax assessment notice - IRPJ / CSLL In December 2016, the subsidiary VCSA was assessed by the Brazilian Federal Revenue Office in the historical amount of R$ 470 demanding the collection of IRPJ and CSLL relating to the period of 2011, due to the al- leged undue deduction of operating expenses and costs. In January 2018, the VCSA became aware of the Lower Court decision from the Federal Revenue's Judgment Office, which judged the appeal partially with grou- nds, reducing the lawsuit by approximately R$ 114. In December 2018, the Appeal of the Administrative Board of Tax Appeals was dismissed and the Voluntary Appeal was partially accepted for the VCSA. At this moment we await the formalization of the Court Decision. As at December 31, 2020, 171 =
View entire presentation