Rio de Janeiro, July 24, 2019 – Petróleo Brasileiro S.A. – Petrobras reports that the Administrative Board of Tax Appeals (CARF) issued today an unfavorable decision on an administrative tax proceeding which deals with the collection of CIDE – Import tax regarding remittances abroad for the payment of charter contracts in the calendar year of 2010, in the approximate amount of R$ 2.7 billion.
Petrobras is awaiting the summons of the decision and will appeal to the Upper Chamber of CARF. The company understands that the decision does not change the possibility of loss expectation.
Information on this proceeding is disclosed in the 2018 financial statements, through note 31.3. Contingent Liabilities – tax proceedings.