Petrobras announces CARF favorable decision related to approval of PIS and Cofins credits

August 28, 2019

– Petróleo Brasileiro S.A. – Petrobras informs that it has been notified of final decision, without possibility of appeal, from the Administrative Board of Tax Appeals (CARF) that canceled a debt of R$ 5.9 billion in favor of the company regarding the approval of PIS and Cofins credits.

The decision will result in the exclusion of the amount of this contingency from Petrobras financial statements.

Information on this proceeding is presented in the 2018 financial statements, through note 31.3. Contingent Liabilities – tax proceedings, requests to compensate federal taxes not approved by the Brazilian Federal Tax Authority.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.