| 2021 | 2020 | |
| Current tax | (106,165) | (71,732) |
| Deferred tax | (31,372) | (2,984) |
| Income tax recognised in the statement of profit or loss | (137,537) | (74,716) |
Reconciliation of the income tax on gross financial result prior to taxation at the statutory tax rate with the income tax calculated at the effective tax rate:
| Effective tax rate | % | 2021 | % | 2020 |
| Gross financial result | 732,905 | 505,234 | ||
| Tax at the state rate of 19% | 19% | (139,252) | 19% | (95,994) |
| Effect of differences in tax rates of subsidiaries operating in other countries | 0% | 2,029 | 0% | (575) |
| Change in the estimate of deferred income tax asset related to the operations in the Special Economic Zone [SEZ] | 0% | (26) | (4) | 22,598 |
| Impact of tax-exempt revenue and non-tax costs | 0% | (288) | 0% | (745) |
| Income tax recognised in the statement of profit or loss | 19% | (137,537) | 15% | (74,716) |
