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Income taxes (Tables)
 12 Months Ended
Dec. 31, 2021
Entity [Table]  
Disclosure of tax expense/(benefit) recognized and its relationship with accounting profit [text block]
For the year ended
USD million
31.12.21
31.12.20
31.12.19
Tax expense / (benefit)
Swiss
Current
680
482
365
Deferred
34
116
265
Total Swiss
714
598
630
Non-Swiss
Current
884
749
426
Deferred
400
236
211
Total non-Swiss
1,284
985
637
Total income tax expense / (benefit) recognized in the income statement
1,998
1,583
1,267
Disclosure Of Details Of Major Components Of Tax Expense Income Explanatory
For the year ended
USD million
31.12.21
31.12.20
31.12.19
Operating profit / (loss) before tax
9,484
8,155
5,577
of which: Swiss
3,334
3,403
2,571
of which: non-Swiss
6,150
4,752
3,006
Income taxes at Swiss tax rate of
18.5
% for 2021,
19.5
% for 2020 and
20.5
% for 2019
1,755
1,590
1,143
Increase / (decrease) resulting from:
Non-Swiss tax rates differing from Swiss tax rate
234
110
82
Tax effects of losses not recognized
124
144
131
Previously unrecognized tax losses now utilized
(179)
(212)
(265)
Non-taxable and lower-taxed income
(278)
(394)
(351)
Non-deductible expenses and additional taxable income
510
385
732
Adjustments related to prior years – current tax
(40)
(67)
(5)
Adjustments related to prior years – deferred tax
(10)
12
(6)
Change in deferred tax recognition
(342)
(381)
(294)
Adjustments to deferred tax balances arising from changes
 
in tax rates
(5)
234
(9)
Other items
231
161
107
Income tax expense / (benefit)
1,998
1,583
1,267
Disclosure Of Total Recognized And Unrecognized Deferred Tax Assets And Deferred Tax Liabilities Explanatory
USD million
31.12.21
31.12.20
Deferred tax assets
1
Gross
Valuation
allowance
Recognized
Gross
Valuation
allowance
Recognized
Tax loss carry-forwards
13,636
(9,193)
4,443
14,108
(8,715)
5,393
Temporary differences
5,133
(700)
4,433
4,384
(565)
3,819
of which: related to real estate costs capitalized for US
 
tax
purposes
2,272
0
2,272
2,268
0
2,268
of which: related to compensation and benefits
1,222
(209)
1,013
1,128
(173)
955
of which: other
1,639
(491)
1,148
989
(392)
564
Total deferred tax assets
18,769
(9,893)
8,876
2
18,492
(9,280)
9,212
2
of which: related to the US
8,521
8,780
of which: related to other locations
355
431
Deferred tax liabilities
Cash flow hedges
118
425
Other
183
139
Total deferred tax liabilities
300
564
1 After offset of DTLs, as applicable.
 
2 As of 31 December 2021, the Group recognized DTAs
 
of USD
77
 
million (31 December 2020: USD
138
 
million) in respect of entities that incurred losses in either
 
the current
or preceding year.
Disclosure Of Expiry Of Unused Tax Losses Explanatory
Unrecognized tax loss carry-forwards
USD million
31.12.21
31.12.20
Within 1 year
141
146
From 2 to 5 years
1,026
638
From 6 to 10 years
13,283
13,257
From 11 to 20 years
2,093
3,858
No expiry
18,147
17,227
Total
34,690
35,127
of which: related to the US
1
14,870
16,256
of which: related to the UK
14,909
13,848
of which: related to other locations
4,911
5,023
1 Related to UBS AG's US branch.
UBS AG  
Entity [Table]  
Disclosure of tax expense/(benefit) recognized and its relationship with accounting profit [text block]
For the year ended
USD million
31.12.21
31.12.20
31.12.19
Tax expense / (benefit)
Swiss
Current
614
417
336
Deferred
26
107
246
Total Swiss
640
524
582
Non-Swiss
 
Current
857
715
402
Deferred
406
248
214
Total non-Swiss
1,263
963
616
Total income tax expense / (benefit) recognized in the income statement
1,903
1,488
1,198
Disclosure Of Details Of Major Components Of Tax Expense Income Explanatory
For the year ended
USD million
31.12.21
31.12.20
31.12.19
Operating profit / (loss) before tax
 
8,964
 
7,699
 
5,169
of which: Swiss
2,983
3,042
2,297
of which: non-Swiss
5,981
4,657
2,872
Income taxes at Swiss tax rate of
18.5
% for 2021,
19.5
% for 2020 and
20.5
% for 2019
1,658
1,501
1,060
Increase / (decrease) resulting from:
Non-Swiss tax rates differing from Swiss tax rate
217
96
72
Tax effects of losses not recognized
124
144
131
Previously unrecognized tax losses now utilized
(179)
(212)
(265)
Non-taxable and lower-taxed income
(252)
(381)
(305)
Non-deductible expenses and additional taxable income
487
373
713
Adjustments related to prior years – current tax
(38)
(66)
1
Adjustments related to prior years – deferred tax
(3)
18
(6)
Change in deferred tax recognition
(341)
(383)
(293)
Adjustments to deferred tax balances arising from changes
 
in tax rates
(1)
235
(9)
Other items
230
163
99
Income tax expense / (benefit)
 
1,903
1,488
1,198
Disclosure Of Total Recognized And Unrecognized Deferred Tax Assets And Deferred Tax Liabilities Explanatory
USD million
31.12.21
31.12.20
Deferred tax assets
1
Gross
Valuation
allowance
Recognized
Gross
Valuation
allowance
Recognized
Tax loss carry-forwards
13,636
(9,193)
4,443
14,108
(8,715)
5,393
Temporary differences
5,092
(696)
4,396
4,343
(561)
3,782
of which: related to real estate costs capitalized for US
 
tax
purposes
2,272
0
2,272
2,268
0
2,268
of which: related to compensation and benefits
1,200
(209)
991
1,112
(173)
939
of which: other
1,620
(487)
1,133
963
(388)
574
Total deferred tax assets
18,728
(9,889)
8,839
2
18,450
(9,276)
9,174
2
of which: related to the US
8,521
8,780
of which: related to other locations
318
394
Deferred tax liabilities
Cash flow hedges
118
425
Other
179
133
Total deferred tax liabilities
297
558
1 After offset of DTLs, as applicable.
 
2 As of 31 December 2021, UBS AG recognized DTAs
 
of USD
77
 
million (31 December 2020: USD
138
 
million) in respect of entities that incurred losses in either the current or
preceding year.
Disclosure Of Expiry Of Unused Tax Losses Explanatory
Unrecognized tax loss carry-forwards
USD million
31.12.21
31.12.20
Within 1 year
141
146
From 2 to 5 years
1,026
638
From 6 to 10 years
13,283
13,257
From 11 to 20 years
2,093
3,858
No expiry
18,147
17,227
Total
34,690
35,127
of which: related to the US
1
14,870
16,256
of which: related to the UK
14,909
13,848
of which: related to other locations
4,911
5,023
1 Related to UBS AG's US branch.