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TAX SITUATION (Tables)
 12 Months Ended
Dec. 31, 2017
Disclosure of tax situation [Abstract]  
Disclosure of detailed information about reconciliation between the statutory income tax rate and the effective tax rate [Text Block]
The reconciliation between the statutory income tax rate and the effective tax rate for the Group is as follows:
 
 
 
2017
 
 
2016
 
 
2015
 
 
 
%
 
 
%
 
 
%
 
 
 
 
 
 
 
 
 
 
 
Peruvian statutory income tax rate
 
 
29.50
 
 
 
28.00
 
 
 
28.00
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Increase (decrease) in the statutory tax rate due to:
 
 
 
 
 
 
 
 
 
 
 
 
(i)     (Decrease) arising from net income of subsidiaries not domiciled in Peru
 
 
(1.82
)
 
 
(0.04
)
 
 
(0.37
)
(ii)     Non-taxable income, net
 
 
(2.69
)
 
 
(1.23
)
 
 
(0.17
)
(iii)    Effect of change in Peruvian tax rates
 
 
-
 
 
 
(0.53
)
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Effective income tax rate
 
 
24.99
 
 
 
26.20
 
 
 
27.46
 
Disclosure of detailed information about income tax expenses [Text Block]
Income tax expense for the years ended December 31, 2017, 2016 and 2015 comprises:
 
 
 
2017
 
 
2016
 
 
2015
 
 
 
S/(000)
 
 
S/(000)
 
 
S/(000)
 
Current -
 
 
 
 
 
 
 
 
 
 
 
 
In Peru
 
 
1,262,302
 
 
 
1,098,125
 
 
 
1,217,907
 
In other countries
 
 
134,540
 
 
 
155,095
 
 
 
96,495
 
 
 
 
1,396,842
 
 
 
1,253,220
 
 
 
1,314,402
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deferred -
 
 
 
 
 
 
 
 
 
 
 
 
In Peru
 
 
(18,264
)
 
 
31,472
 
 
 
22,667
 
In other countries
 
 
14,708
 
 
 
10,748
 
 
 
(139,862
)
Effect of change in Peruvian tax rates
 
 
-
 
 
 
(13,992
)
 
 
-
 
 
 
 
(3,556
)
 
 
28,228
 
 
 
(117,195
)
Total
 
 
1,393,286
 
 
 
1,281,448
 
 
 
1,197,207
 
Disclosure of deferred taxes [text block]
The following table presents a summary of the Group’s deferred income tax:
 
 
 
2017
 
 
2016
 
 
 
S/(000)
 
 
S/(000)
 
Deferred income tax asset, net
 
 
 
 
 
 
 
 
Deferred asset
 
 
 
 
 
 
 
 
Allowance for loan losses
 
 
604,828
 
 
 
545,716
 
Tax loss carry forward
 
 
13,332
 
 
 
38,856
 
Provision for sundry expenses
 
 
44,885
 
 
 
38,326
 
Unrealized loss due to valuation of cash flow hedge derivatives
 
 
22,039
 
 
 
2,105
 
Provision for sundry risks
 
 
20,173
 
 
 
17,731
 
Impairments in buildings for rent depreciation
 
 
17,489
 
 
 
18,641
 
Unrealized loss on hedged bonds
 
 
3,047
 
 
 
43,252
 
Unrealized loss due to valuation of available-for-sale investments
 
 
2,563
 
 
 
6,001
 
Others
 
 
40,447
 
 
 
35,344
 
 
 
 
 
 
 
 
 
 
Deferred liability
 
 
 
 
 
 
 
 
Intangibles, net
 
 
(132,553
)
 
 
(86,746
)
Buildings depreciation
 
 
(70,515
)
 
 
(73,322
)
Adjustment for difference in exchange of SUNAT and SBS
 
 
(35,660
)
 
 
(40,096
)
Unrealized gain due to valuation of derivative financial  
instruments for hedging purposes
 
 
(8,431
)
 
 
(7,216
)
Unrealized gain due to valuation of available-for-sale
investments
 
 
(8,095
)
 
 
(6,142
)
Deferred acquisitions costs - DAC
 
 
(12,855
)
 
 
(8,597
)
Buildings revaluation
 
 
(5,917
)
 
 
(6,589
)
Others
 
 
(14,720
)
 
 
(11,220
)
Total
 
 
480,057
 
 
 
506,044
 
 
 
 
 
 
 
 
 
 
Deferred income tax liability, net
 
 
 
 
 
 
 
 
Deferred asset
 
 
 
 
 
 
 
 
Carry forward tax losses
 
 
14,039
 
 
 
-
 
Provision for sundry risks, net
 
 
8,750
 
 
 
4,560
 
Defferred income due to commission - DIL
 
 
8,326
 
 
 
8,829
 
Others
 
 
12,900
 
 
 
23,607
 
 
 
 
 
 
 
 
 
 
Deferred liability
 
 
 
 
 
 
 
 
Intangibles, net
 
 
(48,797
)
 
 
(74,975
)
Unrealized gain due to valuation of investments
available for sale.
 
 
(41,910
)
 
 
(36,721
)
Gain generated in the reorganization of Pacífico EPS
 
 
(39,515
)
 
 
(39,515
)
Deferred acquisitions costs - DAC
 
 
(30,322
)
 
 
(12,945
)
Catastrophic insurance reserve
 
 
(9,561
)
 
 
(10,062
)
Leasing operations related to loans
 
 
(5,063
)
 
 
(5,311
)
Buildings revaluation
 
 
(2,578
)
 
 
(4,664
)
Others
 
 
(16,549
)
 
 
(25,444
)
Total
 
 
(150,280
)
 
 
(172,641
)
Disclosure Income Tax Returns Major Subsidiaries Open For Examination Tax Authorities [Text Block]
Income tax returns of the major subsidiaries open for examination by the tax authorities are as follows:
 
Banco de Crédito del Perú
2012 to 2017
Mibanco
2014 to 2017
Prima AFP
2013 to 2017
Pacífico Compañía de Seguros y Reaseguros
2013 to 2017
Pacífico Peruano Suiza
2013 to 2017
Disclosure Income Tax Returns Subsidiaries Respective Tax Authorities [Text Block]
The annual income tax declarations pending examination by the overseas tax authorities are the following:
 
Banco de Crédito de Bolivia
2009 to 2017
Credicorp Capital Colombia
2014 to 2017
Inversiones IMT S.A.
2014 to 2017