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PBR » Topics » 20.5 Reconciliation of income tax and social contribution on income

This excerpt taken from the PBR 6-K filed Mar 31, 2009.

20.5 Reconciliation of income tax and social contribution on income

The reconciliation of the taxes computed according to nominal rates and the amount of the taxes recorded in 2007 and 2006 are presented below:

a) Consolidated

        2008    2007 
     
         
Income for the year before taxes and after employee profit sharing    46.860.272    34.527.373 
     
         
Income and social contribution taxes at nominal rates (34%)   (15.932.493)   (11.739.307)
         
Adjustments for calculation of the effective rate:         
             
•     Permanent additions, net    (1.775.554)   (951.411)
             
•     Tax incentives    226.942    224.967 
             
•    Credit due to the inclusion of interest on shareholders’ equity as operating expenses    2.386.549    2.160.685 
             
•    Tax credits in companies abroad in the exploration stage    (1.544.744)   (565.470)
             
•     Other    677.323    (402.222)
     
         
Expense for provision for income and social contribution taxes    (15.961.977)   (11.272.758)
     
         
Deferred income tax/social contribution    (4.769.951)   (477.234)
Current income tax/social contribution    (11.192.026)   (10.795.524)
     
             
        (15.961.977)   (11.272.758)
     
         
Effective rate for income and social contribution taxes    34,1%    32,6% 
     

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b) Parent company

        2008    2007 
         
 
Income for the year before taxes and after employee profit sharing    51.353.567    31.238.559 
         
             
Income and social contribution taxes at nominal rates (34%)   (17.460.213)   (10.621.110)
             
Adjustments for calculation of the effective rate:         
             
•   Permanent additions, net    (99.760)   (821.461)
             
•   Tax incentives    214.780    216.114 
             
•   Credit resulting from inclusion of interest on shareholders' equity as operating expenses    2.386.549    2.160.685 
             
•   Other items    74.626    (144.096)
         
             
Expense for provision for income and social contribution taxes    (14.884.018)   (9.209.868)
         
             
Deferred income tax/social contribution    (5.736.891)   (619.148)
Current income tax/social contribution    (9.147.127)   (8.590.720)
         
             
        (14.884.018)   (9.209.868)
         
             
Effective rate of income and social contribution taxes    28,9%    29,5% 
         

This excerpt taken from the PBR 6-K filed Nov 12, 2008.

17.5 Reconciliation of income tax and social contribution

The reconciliation of income tax and social contribution determined in accordance with nominal rates and the related amounts recorded on the nine month period of 2008 and 2007 is presented below:

This excerpt taken from the PBR 6-K filed Aug 13, 2008.

17.5 Reconciliation of income tax and social contribution

The reconciliation of income tax and social contribution determined in accordance with nominal rates and the related amounts recorded in the first six months of 2008 and 2007 is presented below:

This excerpt taken from the PBR 6-K filed Mar 4, 2008.

18.5 Reconciliation of income tax and social contribution

The reconciliation of income tax and social contribution determined in accordance with nominal rates and the related amounts recorded in 2007 and 2006 is presented below:

a) Consolidated

    2007   2006
     
Income before taxes and after profit sharing for employees    34.527.373    39.408.624 
     
Income tax and social contribution at nominal rates (34%)   (11.739.307)   (13.398.932)
Adjustments to determine effective rate:         
  • Permanent additions, net 
   (951.411)   (742.983)
  • Tax incentives 
   224.967    303.922 
  • Interest on shareholder’s capital 
   2.160.685    2.161.455 
  • Tax credits of companies abroad in exploratory stage 
   (565.470)   (53.437)
  • Other 
   (402.222)   (166.426)
     
Expense for income tax and social contribution provisions    (11.272.758)   (11.896.401)
     
Deferred income tax and social contribution    (477.234)   (766.329)
Current income tax and social contribution    (10.795.524)   (11.130.072)
     
    (11.272.758)   (11.896.401)
     
Effective rate of income tax and social contribution    32,6%    30,2% 
     

This excerpt taken from the PBR 6-K filed Nov 21, 2007.

16.5. Reconciliation of income tax and social contribution

The reconciliation of income tax and social contribution determined in accordance with nominal rates and the related amounts recorded to the end of the third quarter of 2007 and 2006 is presented as follows:

This excerpt taken from the PBR 6-K filed Aug 21, 2007.

16.5. Reconciliation of income tax and social contribution

The reconciliation of income tax and social contribution determined in accordance with nominal rates and the related amounts recorded in the first half of 2007 and 2006 is presented as follows:

This excerpt taken from the PBR 6-K filed Jun 8, 2007.

e) Reconciliation of income tax and social contribution

The reconciliation of income tax and social contribution determined in accordance with nominal rates and the related amounts recorded in the first quarter of 2007 and 2006 is presented as follows:

This excerpt taken from the PBR 6-K filed Nov 17, 2006.

e) The reconciliation of income tax and social contribution

The reconciliation of income tax and social contribution determined in accordance with statutory rates and the related amounts recorded from January to September 2006 and 2005 is summarized below:

This excerpt taken from the PBR 6-K filed Jun 26, 2006.

e) The reconciliation of income tax and social contribution

The reconciliation of income tax and social contribution determined in accordance with statutory rates and the related amounts recorded in January to march 2006 and 2005 is summarized below:

This excerpt taken from the PBR 6-K filed Aug 19, 2005.

d) The reconciliation of income tax and social contribution

The reconciliation of income tax and social contribution determined in accordance with statutory rates and the related amounts recorded in January to june 2005 and 2004 is summarized below:

This excerpt taken from the PBR 6-K filed Mar 18, 2005.

(c) Reconciliation of income tax and social contribution

The reconciliation of income tax and social contribution determined in accordance with statutory rates and the related amounts recorded in 2004 and 2003 is summarized below:

  Consolidated Parent Company
 
  2004  2003  2004  2003 
 
Income before social contributions            
    and income tax and after employees’            
    participation 25.937.062  26.494.675  24.645.625  24.490.781 
 
             
Income tax and social contribution at            
    nominal rates (34%) (8.818.601)  (9.008.190)  (8.379.513)  (8.326.866) 
             
Adjustments to determine effective rate:            
    Permanent additions, net (344.892) (333.295) (561.082) (437.122)
    Equity pickup (66.000) (255.250) 457.421  237.645 
    Discount amortization 7.395  2.400  1.537  2.400 
    Tax incentives 131.623  224.805  130.858  222.529 
    Additional IRPJ and CSLL for 2003 43.208     43.208    
    IRPJ and CSLL adjustments to the            
        abandonment provision for 2002 581  (185.650)    (185.650)
    Tax losses not recorded in the year 50.210  338.564       
    Net effect of the deduction of            
        interest on shareholders’ equity 1.416.117  1.520.989  1.416.117  1.520.989 
    Reversal of income from foreing operations, net      
        of taxes 179.924 30.288
    Other items 150.741  (150.358)      
 
    Provision for income tax and social            
        contribution (7.249.694)  (7.815.697)  (6.891.454)  (6.966.075) 
 
             
    Deferred income tax and            
        social contribution (979.725) 338.017  (1.692.288)  85.902 
    Current income tax and social            
        contribution (6.269.969)  (8.153.714)  (5.199.166)  (7.051.977) 
 
             
  (7.249.694)  (7.815.697)  (6.891.454)  (6.966.075) 
 

EXCERPTS ON THIS PAGE:

6-K
Mar 31, 2009
6-K
Nov 12, 2008
6-K
Aug 13, 2008
6-K
Mar 4, 2008
6-K
Nov 21, 2007
6-K
Aug 21, 2007
6-K
Jun 8, 2007
6-K
Nov 17, 2006
6-K
Jun 26, 2006
6-K
Aug 19, 2005
6-K
Mar 18, 2005

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