Petrobras on Federal Supreme Court Decision

Source: www.gulfoilandgas.com 10/28/2021, Location: South America

Petrobras informs that (a) the Federal Supreme Court (STF), on September 24, 2021, ruled unconstitutional the levying of income tax (IRPJ) and social contribution (CSLL) on amounts corresponding to the basic interest rate -SELIC applied to tax overdue payments; and (b) on October 28, 2021, a lower court ruling was published in the scope of the injunction filed by the Company, which recognized the right to the non-taxation of Selic on tax overdue payments.

In this context, the Company recognized in its financial statements for the third quarter of 2021 a revenue of IRPJ and CSLL in relation to the tax overdue in the amount of R$ 4.8 billion, of which (a) R$ 4.1 billion for the recomposition of tax losses related to periods in which the company ascertained negative tax bases; and (b) R$ 0.7 billion of recoverable taxes.


Nigeria >>  6/24/2022 - San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, provides the following update in relation to...
United States >>  6/23/2022 - The Rocky Mountain oil and gas business Zephyr Energy plc (AIM: ZPHR) (OTCQB: ZPHRF), which focuses on ethical resource development from carbon-neutra...

United States >>  6/23/2022 - Southern Energy Corp. ("Southern") (SOUC), a U.S.-focused, growth-oriented natural gas producer, is pleased to announce a proposed prospectus offering...
Iraq >>  6/22/2022 - The Kurdistan Regional Government ("KRG") has paid Gulf Keystone a gross payment of $62.0 million ($48.5 million net to GKP) for the sale of Shaikan c...

Georgia >>  6/21/2022 - The Nordex Group presented its figures for the first quarter of 2022. This announcement has been delayed, as announced on 5 May 2022, because the Nord...
Monaco >>  6/21/2022 - Scorpio Tankers Inc. (STNG) (Scorpio Tankers) announces that the President of the Company and Scorpio Holdings Limited, a related party, have purchase...




Gulf Oil and Gas
Copyright 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.