Petrobras says that the Higher Chamber of Tax Appeals of the Administrative Council of Tax Appeals (CARF) refused to entertain the administrative appeal filed by the Company, in the case related to the income tax withholding concerning remittances for the payment of charter of vessels that took place between 1999 and 2002.

The current amount of the case is approximately R$ 4.6 billion. The Federal Revenue Service's authority issued the notice of violation because it does not consider platforms to be vessels, reason for which the Company could not have used the benefit of the zero tax rate of the withholding income tax (IRRF) levied on the charter.

The Company did not suffer new violations related to the remittances that took place during the periods following 2002.

Petrobras considers that it applied the tax legislation in effect correctly, reason for which it will appeal to the judicial proceedings to pursue its defense.

Tags: Petrobras