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TAX SITUATION (Tables)
 12 Months Ended
Dec. 31, 2022
TAX SITUATION [Abstract]  
Reconciliation Between the Statutory Income Tax Rate and Effective Tax Rate
The reconciliation of the statutory income tax rate to the effective tax rate for the Group is as follows:
   
2022
    
2021
    
2020
  
   
In millions
    
%
    
In millions
    
%
    
In millions
    
%
  
                                     
Theoretical tax and income tax rate in Peru
    
(2,022.5
)
    
(29.50
)
    
(1,573.2
)
    
(29.50
)
    
(66.1
)
    
(29.50
)
Decrease (Increase) in the statutory tax rate due to:
                                                
(i) Decrease (Increase) due to the profit of subsidiaries not domiciled in Peru
    
(75.8
)
    
(1.11
)
    
(12.8
)
    
(0.24
)
    
50.1
      
22.36
  
(ii) Provision tax on dividends from subsidiaries
    
(168.4
)
    
(2.46
)
    
(78.6
)
    
(1.47
)
    
(44.6
)
    
(19.91
)
(iii) Non-taxable income, net
    
156.2
      
2.29
      
3.6
      
0.06
      
117.3
      
52.32
  
(iv) Change in estimate of deferred tax rate, net (Banco de Crédito de Bolivia)
    
–
      
–
      
–
      
–
      
53.3
      
23.80
  
Income tax and effective income tax rate
    
(2,110.5
)
    
(30.78
)
    
(1,661.0
)
    
(31.15
)
    
110.0
      
49.07
  
Income Tax Expenses

b)
Income tax expense for the years ended December 31, 2022, 2021 and 2020 comprises:

   
2022
    
2021
    
2020
  
   
S/(000)

 
S/(000)

 
S/(000)

Current -
                        
In Peru
  

1,799,467
      
945,937
      
926,361
  
In other countries
    
197,971
      
167,657
      
110,973
  
     
1,997,438
      
1,113,594
      
1,037,334
  
                         
Deferred -
                        
In Peru
    
37,447
      
548,920
      
(927,130
)
In other countries
    
75,616
      
(1,527
)
    
(220,181
)
     
113,063
      
547,393
      
(1,147,311
)
Total
    
2,110,501
      
1,660,987
      
(109,977
)
Deferred Income Tax

c)
The following table presents a summary of the Group’s deferred income tax:

             
   
2022
   
2021
 
   
S/(000)
 
S/(000)
Deferred income tax asset, net
                
Deferred asset
                
Provision for loan losses for loan portfolio
    
1,108,687
      
1,266,336
  
Provision for profit sharing
    
73,402
      
84,625
  
Provision for sundry expenses and risks
    
35,393
      
62,029
  
Carry forward tax losses
    
50,675
      
35,243
  
Provision for pending vacations
    
31,724
      
28,287
  
Depreciation of improvements for leased premises
    
23,762
      
28,177
  
Unrealized losses due to valuation of investments at fair value through other comprehensive income
    
5,160
      
23,744
  
Provision of Stock awards
    
45,510
      
14,641
  
Unrealized losses due to valuation of investments at fair value through other comprehensive income
    
71,214
      
7,372
  
Others
    
120,239
      
97,732
  
                 
Deferred liability
                
Intangibles, net
    
(253,696
)
    
(242,521
)
Adjustment for difference in exchange of Superintendencia  Nacional de Aduanas y de Administración Tributaria (SUNAT) and SBS
    
(61,858
)
    
(119,246
)
Buildings depreciation
    
(64,462
)
    
(59,029
)
Deferred acquisitions costs - DAC
    
(16,537
)
    
(15,900
)
Unrealized gain due to valuation of investments at fair value through other comprehensive income
    
(1,099
)
    
(10,966
)
Unrealized gain / loss from valuation of fair value hedging derivatives
    
8,246
   
(8,800
)
Buildings revaluation
    
(3,113
)
    
(3,642
)
Unrealized gain in valuation on cash flow hedge derivatives
    
(5,262
)
    
(3,407
)
Others
    
(36,420
)
    
(7,316
)
Total
    
1,131,565
      
1,177,359
  

   
2022
   
2021
 
   
S/(000)
 
S/(000)
Deferred income tax liability, net
                
Deferred asset
                
Provision for sundry expenses and risks
    
21,192
      
20,710
  
Carry forward tax losses
    
19,757
      
19,757
  
Unrealized losses due to valuation of investments at fair value through other comprehensive income
    
41,146
      
16,636
  
Provision for profit sharing
    
12,911
      
7,850
  
Deferred income from commissions on remuneration
    
4,992
      
6,193
  
Others
    
10,270
      
16,519
  
                 
Deferred liability
                
Intangibles, net
    
(37,315
)
    
(41,179
)
Gain generated in the reorganization of Pacífico EPS
    
(39,515
)
    
(39,515
)
Deferred acquisitions costs - DAC
    
(22,991
)
    
(23,160
)
Unrealized gain due to valuation of investments at fair value through other comprehensive income
    
(10,716
)
    
(22,839
)
Reserve for reinstatement premium costs and deductibles
    
(11,251
)
    
(11,762
)
Leasing operations related to loans
    
(3,224
)
    
(3,409
)
Buildings revaluation
    
(3,296
)
    
(3,296
)
Others
    
(53,784
)
    
(47,563
)
Total
    
(71,824
)
    
(105,058
)
Income Tax Returns of Major Subsidiaries Open for Examination by Tax Authorities

d)
The Peruvian Tax Authority has the right to review and, if necessary, amend the annual income tax returns filed by Peruvian subsidiaries up to four years after their filing date. Income tax returns of the major subsidiaries open for examination by the tax authority are as follows:

Banco de Crédito del Perú
    
2016 to 2021
 
MiBanco, Banco de la Microempresa
    
2017 to 2021
 
Pacífico Compañía de Seguros y Reaseguros
    
2018 to 2021
 
Credicorp Capital Servicios Financieros
    
2018 to 2021
 
Credicorp Capital Perú
    
2018 to 2021
 
Credicorp Capital Holding Perú
     2018 to 2021  
Annual Income Tax Declarations Pending Examination by the Overseas Tax Authorities
The annual income tax declarations pending examination by the overseas tax authorities are the following:
Banco de Crédito de Bolivia
2014 to 2021
MiBanco Colombia
 2019 to 2021
Credicorp Capital Colombia
2016 to 2021
Credicorp Capital Holding Chile
2020 to 2021