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: 1343 (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
iBEM25
Closing of iBEM 25: A Milestone in Latin America's Energ...
28/03/25
iBEM25
iBEM 25: Conference Addresses Challenges of Recycling Ma...
27/03/25
iBEM25
Company Promotes Well-Being Moments for iBEM 25 Participants
27/03/25
iBEM25
iBEM 25 Gathering Fosters Meaningful Networking in a Rel...
27/03/25
iBEM25
Plenary on Integrated Energies Discusses Aspects of Ener...
26/03/25
Rio de Janeiro
Rede de Oportunidades for Firjan SENAI SESI Suppliers Pr...
26/03/25
iBEM25
International Meeting in Bahia opens with representation...
26/03/25
iBEM25
iBEM International Kicks Off Highlighting Industry Poten...
25/03/25
iBEM25
Sponsored by Bahiagás, the event brings together all the...
25/03/25
Refining
Revap Celebrates 45 Years
25/03/25
Rio de Janeiro
Firjan's Rio Exporta Bulletin Highlights Record in Rio's...
25/03/25
iBEM25
International Energy Meeting kicks off this Tuesday in S...
25/03/25
Pre-Salt
Petrobras reports results of exploratory well in Campos ...
25/03/25
Company News
Bunker One centralizes multinational activities in Latin...
25/03/25
Fuels
Fuel and Lubricants Sector Drops 1.9% in February, Accor...
25/03/25
Pre-Salt
Petrobras reports results of exploratory well in Santos ...
19/03/25
Logistics
Transpetro to Double Platform Offloading Capacity by 2028
19/03/25
Brasilia
Launch of the Institute of Petroleum, Gas, and Energy in...
19/03/25
International Company News
Fulkrum Successfully Completes Vendor Surveillance for S...
14/03/25
E&P
Operational Safety: ANP Launches Dynamic Incident Panel ...
10/03/25
Ethanol
Anhydrous and Hydrated Ethanol Close Lower in a Week Sho...
10/03/25
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.