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: 1894 (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
Sergipe Oil & Gas 2025
Natural Gas Market Takes Center Stage on Second Day of S...
25/07/25
People
New Interim Director to Take Office on 7/25 at ANP’s Dir...
24/07/25
Sergipe Oil & Gas 2025
Sebrae Participates in the Opening of Sergipe Oil & Gas 2025
24/07/25
Royalties
Royalties: May Production Revenues for Concession and Tr...
24/07/25
Sergipe Oil & Gas 2025
Sergipe Reinforces National Leadership in the Energy Sec...
24/07/25
Sergipe Oil & Gas 2025
Sergipe’s Oil and Gas Potential Highlighted at SOG25 Opening
23/07/25
Sergipe Oil & Gas 2025
Sergas Participates in Sergipe Oil & Gas 2025 with Focus...
23/07/25
Sergipe Oil & Gas 2025
Fourth Edition of Sergipe Oil & Gas Highlights State’s R...
23/07/25
RD&I
ANP Holds Workshop on Private Equity Investment Fund (FIP)
23/07/25
Campos Basin
Petrobras announces Approval of the Production Individua...
23/07/25
ADIPEC 2025
ADIPEC 2025 Technical Conferences achieve record submiss...
22/07/25
People
BCCK names Andres Martinez as business development manager
21/07/25
Fenasucro
Brazil Holds Global Leadership in Renewable Cogeneration...
21/07/25
Results
Revap Achieves Historic Records in H1 with S10 Diesel an...
21/07/25
Solar Energy
Transpetro Inaugurates Solar Plant to Supply the Belém T...
21/07/25
Company News
Strohm completes successful field trials for Petrobras
16/07/25
Natural Gas
Gasmig: 39 Years of Energy, Innovation, and Commitment t...
16/07/25
Sustainability
Foresea earns Social Seal and reports significant result...
11/07/25
Results
Oil and Gas Sector Leads Dividend Distribution in 2024 w...
10/07/25
Natural Gas
Comgás Receives 41 Proposals in Public Call for Natural ...
10/07/25
People
Lucas Mota de Lima Appointed Executive Manager of ABPIP
10/07/25
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.

2