Income Tax (Tables)

12 Months Ended

Dec. 31, 2023

Statement [LineItems]

Summary of Deferred Tax Assets and Deferred Tax Liabilities

Composition	12/31/2023		12/31/2022
Deferred tax assets
Loans and other financing and debt securities		25,984,554		11,732,977
Provisions and employee benefits		5,682,945		4,819,092
Allowances for contingencies		1,710,376		2,790,085
Leases		1,816,255		1,038,052
Investments in other companies		622,731		194,596
Other		5,259,223		2,278,370
Total deferred tax assets		41,076,084		22,853,172

Composition (contd.)	12/31/2023		12/31/2022
Deferred tax liabilities
Property, plant and equipment and other non-financial assets		41,254,233		34,560,134
Intangible assets		22,936,686		18,880,518
Tax effects on forward sales		15,669,095		9,632,038
Other		5,636,416		454,475
Total deferred tax liabilities		85,496,430		63,527,165
Net deferred tax liabilities		44,420,346		40,673,993

Schedule of Changes in Net Deferred Tax Liabilities

Composition	12/31/2023			12/31/2022
Net deferred tax liabilities at beginning of the fiscal year		40,673,993			37,605,799
Net deferred tax assets from Banco BMA SAU and its subsidiaries at the acquisition date		(145,235	)
Loss for deferred taxes recognized in the statement of income		3,891,588			3,068,194
Net deferred tax liabilities at fiscal year end		44,420,346			40,673,993

Schedule of Income Tax Expense in the Consolidated Financial Statements

The main items of income tax expense in the consolidated Financial Statements are as follows:

Composition	12/31/2023		12/31/2022			12/31/2021
Current income tax expense		278,429,479		54,136,973			37,206,104
Loss for deferred taxes		3,891,588		3,068,196			(30,011,625	)
Income tax loss recorded in the statement of income		282,321,067		57,205,169			7,194,479
Income tax loss / (profit) recorded in other comprehensive income		16,761,914		(7,621,167	)		7,335,665
Total		299,082,981		49,584,002			14,530,144

Summary of Reconciliation between Income Tax and the Amounts Obtained By Applying the Current Tax Rate in Argentina to the Income Carrying Amount

The table below shows the reconciliation between income tax and the amounts obtained by applying the current tax rate in Argentina to the income carrying amount:

Composition	12/31/2023			12/31/2022			12/31/2021
Income carrying amount before income tax		869,996,208			184,177,495			145,943,999
Applicable income tax rate		35	%		35	%		35	%
Income tax on income carrying amount		304,498,673			64,462,123			51,080,400
Net permanent differences and other tax effects including the fiscal inflation adjustment		(22,177,606	)		(7,256,954	)		(43,885,921	)
Total income tax		282,321,067			57,205,169			7,194,479