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: 3869 (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
Terminals
Vast announces contract extension with PETRONAS Brasil u...
15/07/26
International
War, oil and the dollar: how global fluctuations impact ...
13/07/26
ANP
Third-party access to natural gas flow pipelines and pro...
10/07/26
Agreement
ANP and Petrobras sign agreement to bring 335 offshore w...
07/07/26
Logistics
Vast Infraestrutura and Petrobras strengthen partnership...
07/07/26
IBP Positioning
Change of the instrument does not fix the illegalities o...
07/07/26
Energy Summit
Energy Summit 2026: Embrapii technologies strengthen Bra...
22/06/26
Energy Summit
Biodiesel and renewable fuels move to the center of the ...
22/06/26
Natural Gas
ANP extends public consultation on the calculation of th...
22/06/26
Rio de Janeiro
Firjan’s Oil Yearbook in Rio highlights that positive pr...
22/06/26
Biomethane
With a market five times larger since 2020, the biometha...
22/06/26
Petrobras
Petrobras approves investment in bio-jet fuel and renewa...
22/06/26
BOGE2026
Smart Control Gains Prominence at Bahia Oil & Gas Energy...
09/06/26
BOGE2026
Bahia Oil & Gas Energy Concludes Historic Edition and Se...
06/06/26
Branded Content
Boaventura Energy Complex drives Brazil’s energy future ...
06/06/26
BOGE2026
Mayekawa do Brasil present at Bahia Oil & Gas Energy
06/06/26
BOGE2026
Benel Marks Presence at Bahia Oil & Gas Energy and Annou...
02/06/26
BOGE2026
Bahiagás Highlights Bahia’s Leading Role in the Energy T...
30/05/26
Investments
Petrobras Announces Investments of More Than R$ 70 Billi...
30/05/26
BOGE2026
Oil States Reinforces Commitment to Innovation and Opera...
29/05/26
BOGE2026
PetroReconcavo Discusses the Future of Oil and Gas at Ba...
29/05/26
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.