Petroleo Brasileiro SA- Petrobras (PBR) has released an update.
Petrobras has announced its agreement to a tax dispute settlement under the PGFN-RFB Transaction Public Notice 6/2024, leading to the conclusion of legal issues related to taxes on foreign remittances from 2008 to 2013, totaling R$44.79 billion. The settlement includes a 65% discount resulting in a payout of R$19.80 billion, which will impact the company’s net income by approximately R$11.87 billion in Q2 2024. This move is anticipated to bring financial benefits by ending costly legal disputes and procedural expenses.
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