Company: BBD
Filing Date: 2025-03-31
Form Type: 20-F
Source: 0001292814-25-001244
Chunk: 218

Company: BANK BRADESCO
Filing Date: 2025-03-31
Form: 20-F
Item: Item 5
Chunk 218
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14,183/21, which (i) increased the CSLL rate for banks to 25.0%, later reduced to 20.0% as of January 1, 2022, and (ii) maintained the increase in the CSLL rate to 20.0% for most other financial institutions until December 31, 2021, which was subsequently reduced to 15.0%.
 Corporations based in Brazil may pay shareholders’ interest on shareholders’ equity as an alternative form of making dividend distributions, which are deductible from taxable income. We intend to maximize the amount of dividends we pay in the form of interest on shareholders’ equity. For further information on our tax expenses, see “Item 4.B. Business Overview – 4.B.70 Regulation and Supervision – 4.B.80 Taxes related to our activities – 4.B.80.02 Income Tax and social contribution on profit”; “Item 10.B. Memorandum and Articles of Association – 10.B.10 Organization – 10.B.10.02 Allocation of net income and distribution of dividends”; and “Item 10.E. Taxation – 10.E.10 Brazilian tax considerations – 10.E.10.03 Interest on shareholders’ equity (JCP)”.
 The following table shows the amount of income tax paid in the years ended December 31, 2024 and 2023 by each tax jurisdiction in which we operate overseas.
 
   Country        R$ in thousands 
----------------------------------
2024                2023
USA              161,613   120,602
Mexico            68,966    13,156
Cayman Islands   466,424   344,642
Luxembourg         8,218     3,313
Other                101         -
Total            705,322   481,713
 
5.A.10.05 Impact of material acquisitions and strategic alliances on our future financial performance
 We believe that the acquisitions and strategic alliances made in previous years will help to improve our future results. The extent of improvement is uncertain, and we therefore cannot estimate its impact on our future financial performance. For more information, see “Item 4.A. History and Development of the Company – 4.A.10 Acquisitions, divestitures and other strategic alliances”.
 
5.A.20 Results by operational segment
 We operate and manage our business through two segments: the banking segment; and the insurance, pension plans and capitalization bonds segment