After rejecting all requests to amend the base text approved last week, the Chamber of Deputies concluded on Wednesday morning (6) the vote Provisional Measure 795/17 that creates a special regime for the importation of goods to be used in the exploration and development of oil, natural gas and other hydrocarbons.

The MP has been in force since August 18, when it was edited by President Michel Temer on the same day that the government announced the renewal of the special customs regime for the export and import of goods destined for research and mining activities and natural gas (Repetro) by 2040. In order for it to continue to be valid, it is now necessary for the text of the MP to be approved by the Senate until the 15th.

Defeated Highlights

MEPs decided, by majority vote, to keep the MP's text as approved in the joint committee that dealt with the subject, rejecting 10 highlights and keeping the base text approved last week.

By 241 votes to 183, with two abstentions, the plenary rejected the prominence that called for changes in the article that suspends the payment of federal taxes on the importation or acquisition of raw materials destined to the petroleum activities. According to the matter, taxes such as imports, industrialized products and the contribution to PIS / Pasep are suspended. Other highlights were rejected by parliamentarians in a symbolic way.

The MPs also rejected the attempt to change the section related to the deduction of Income Tax and Social Contribution on Net Income (CSLL). The deduction will be allowed to the oil companies if they use the resources for exploration and production costs of deposits.

Another part maintained by the plenary was the one that grants 100% discount of the fines of sub judice debts related to taxes levied on chartering vessels, when performed in conjunction with services such as drilling or refining. A request for debts not to be split was also rejected by a majority of Members.