Current Tax and Deferred Tax

12 Months Ended

Dec. 31, 2025

Current Tax and Deferred Tax [Abstract]

16.	Current tax and deferred tax:

(a)

Current Tax:

The Bank and its subsidiaries at the end of each year, have constituted a provision for first category income tax, which was determined based on current tax regulations, and has been reflected in the Statement of Financial Position net of taxes to be recovered or payable, as applicable, as of December 31, 2025 and 2024, according to the following detail:

	2025			2024
	MCh$			MCh$

Income tax		(325,028	)		(333,719	)
Less:
Monthly prepaid taxes		286,874			483,615
Credit for training expenses		1,920			1,820
Other		4,271			8,021
Total tax (payable) receivable, net		(31,963	)		159,737

Tax Rate		27.00	%		27.00	%

	2025			2024
	MCh$			MCh$

Current tax assets		1,846			159,869
Current tax liabilities		(33,809	)		(132	)
Total tax receivable (payable), net		(31,963	)		159,737

(b)

Income Tax:

The Bank’s tax expense recorded for the years ended December 31, 2025, 2024 and 2023 is detailed as follows:

	2025			2024			2023
	MCh$			MCh$			MCh$
Income tax expense:
Current year tax		332,680			339,604			268,318
Previous year tax		(3,710	)		(5,343	)		620
Subtotal		328,970			334,261			268,938
(Credit) debit for deferred taxes:
Origin and reversal of temporary differences		(9,721	)		(1,482	)		44,545
Subtotal		(9,721	)		(1,482	)		44,545
Others		(861	)		822			8,631
Net debit to income for income tax		318,388			333,601			322,114

(c)

Reconciliation of effective tax rate:

The following table reconciles the income tax rate to the effective rate applied to determine the Bank’s income tax expense as of December 31, 2025, 2024 and 2023:

	2025						2024						2023
	Tax rate %			MCh$			Tax rate %			MCh$			Tax rate %			MCh$
Income tax calculated on net income before tax		27.00			406,026			27.00			427,161			27.00			457,958
Additions or deductions ^(*)		(1.37	)		(20,660	)		(1.13	)		(17,924	)		(3.21	)		(54,476	)
Tax price-level adjustment		(4.41	)		(66,182	)		(4.79	)		(75,802	)		(4.83	)		(81,809	)
Other		(0.05	)		(796	)		0.01			166			0.03			441
Effective rate and income tax expense		21.17			318,388			21.09			333,601			18.99			322,114

(*)	The deductions of the tax rate mainly relate to permanent differences between tax and financial accounting rules.

(d)

Effect of deferred taxes on income and equity:

The effects of deferred taxes on assets, liabilities and income accounts are detailed as follows:

	Balance as of December 31,		Effect						Balance as of December 31,		Effect						Balance as of December 31,
	2023		Income			OCI			2024		Income			OCI			2025
	MCh$		MCh$			MCh$			MCh$		MCh$			MCh$			MCh$
Debit differences:
Allowances for loan losses and provision for contingent loans		161,352		184			—			161,536		(429	)		—			161,107
Provision for employee expenses		24,404		232			—			24,636		(3,201	)		—			21,435
Accrued vacations		12,025		(463	)		—			11,562		112			—			11,674
Accrued interests and indexation of impaired portfolio		14,937		1,597			—			16,534		53			—			16,587
Provision for staff severance indemnity payments		1,252		(217	)		(31	)		1,004		(42	)		17			979
Provisions for credit card expenses		9,857		1,111			—			10,968		(760	)		—			10,208
Provisions for accrued expenses		10,737		(506	)		—			10,231		(1,100	)		—			9,131
Adjustment for valuation of investments and equity instruments at fair value through OCI		277		—			198			475		—			(475	)		—
Leases		103,352		7,591			—			110,943		15,181			—			126,124
Unearned Income		5,149		(1,035	)		—			4,114		(625	)		—			3,489
Exchange rate difference		—		—			—			—		—			—			—
Property and equipment valuation difference		2,876		3,924			—			6,800		2,788			—			9,588
Other adjustments		31,322		(10,174	)		—			21,148		3,188			—			24,336
Total Debit Differences		377,540		2,244			167			379,951		15,165			(458	)		394,658

Credit differences:
Intangible assets (software and others)		24,710		5,913			—			30,623		3,575			—			34,198
Property and equipment valuation difference		—		—			—			—		—			909			909
Transitory assets		8,874		852			—			9,726		(119	)		—			9,607
Loans accrued to effective rate		2,484		(151	)		—			2,333		(122	)		—			2,211
Prepaid expenses		10,885		(4,485	)		—			6,400		(3,839	)		—			2,561
Exchange rate difference		1,636		(835	)		—			801		5,916			—			6,717
Capitalized bond placement expense		5,257		(362	)		—			4,895		16			—			4,911
Other adjustments		3,288		(170	)		—			3,118		17			—			3,135
Total Credit Differences		57,134		762			—			57,896		5,444			909			64,249
Total Debit (Credit), net		320,406		1,482			167			322,055		9,721			(1,367	)		330,409

Reconciliation to Statement of Financial Position

	2025			2024
	MCh$			MCh$

Deferred tax assets		331,831			322,221
Deferred tax liabilities		(1,422	)		(166	)
Total deferred taxes		330,409			322,055