Petrobras

Petrobras on VAT tax (ICMS) in PIS/COFINS calculation basis

Petrobras Agency
21/05/2021 14:33
Petrobras on VAT tax (ICMS) in PIS/COFINS calculation basis Imagem: T&B Petroleum Visualizações: 3149 (0) (0) (0) (0)

Petrobras informs that, as a result of the Supreme Federal Court (STF) decision published on 05/14/2021, in which it was defined that the amount of VAT tax (ICMS) to be excluded from the PIS and COFINS tax base is the one highlighted on the invoice, there will be a positive effect on the company's result. The best estimate of the amounts to be recovered for the period between October 2001 and June 2020 is an increase of R$ 4.4 billion, before tax effects, which will be recognized in the financial statements for the 2nd quarter of 2021.

 

The company expects to use the credit in the coming months, by offsetting federal taxes, according to the necessary regulatory procedures.

Most Read Today
see see
Macaé Energy
FIRJAN: Technical Conference is a Highlight of Macaé Ene...
16/03/26
Permanent Offer
Inclusion of 15 New Blocks in Permanent Offer (OPP) Bid ...
14/03/26
Rio de Janeiro
Rio City Hall Signs Agreement to Transfer Automóvel Club...
13/03/26
Result
Porto do Açu Sets Historic Record in Cargo Handling
13/03/26
Environment
Following COP30, IBP Organizes Meeting to Debate Brazil'...
13/03/26
Jet Fuel
Resolution Approved to Revise Aviation Kerosene Quality ...
13/03/26
Biofuels
ANP to Participate in Research Project on Increasing Bio...
13/03/26
Results
Petrobras Paid R$ 277.6 Billion in Taxes and Government ...
13/03/26
Macaé Energy
At Macaé Energy 2026, FIRJAN Promotes Special Edition of...
09/03/26
iBEM26
Innovation, ESG, and Sustainability
06/03/26
iBEM26
Artificial Intelligence drives increased demand for elec...
02/03/26
FIRJAN
Despite Tariff Hikes, Oil Drives Rio's Trade Flow Up 9% ...
27/02/26
Royalties
December Production Royalty Payments Distributed to Stat...
26/02/26
Award
BRAVA Energia Wins Top Honor at OTC Houston for Atlanta ...
26/02/26
Strategic Agenda
ABPIP Presents 2026 Strategic Agenda to Chairman of the ...
26/02/26
People
TVO Enhances Project Management Expertise
26/02/26
Memorandum of Understanding
Wärtsilä and Abu Dhabi Maritime Academy explore collabor...
12/02/26
Pre-Salt
Petrobras platform P-79 arrives at the Búzios field
12/02/26
Results
Petrobras’ oil and gas production rises 11% and reaches ...
12/02/26
Permanent Offer
Comprehensive and Unprecedented Joint Statement Speeds U...
12/02/26
PPSA
MME and MMA Clear Strategic Pre-Salt Areas, Enabling the...
12/02/26
VEJA MAIS
Newsletter TN

Contact us

We use cookies to ensure you have the best experience on our website. If you continue to use this site, we will assume that you agree with our Privacy Policy, terms of use and cookies.