Repetro approved in committee


October 19, 2017

After two meetings on the 18th , the joint House committee approved Provisional Measure 795   which extends until 2040 the tax benefits granted to industry by Repetro.

The Measure will now be voted in the House and Senate plenaries. The expectation is that the new tax regime will be approved in Congress in just eight days, before October 27, when the next auctions to concession areas for oil exploration carried out by the ANP will take place.

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