A body of the Administrative Council of Tax Appeals (Carf) this Wednesday dismissed appeals filed by the Petrobras (PETR4) and decided that IRPJ and CSLL of 5.7 billion reais would be due on the profits of its subsidiary abroad for the years 2011 and 2012, the oil company said in a note.
“With this decision, the corresponding tax debts, which today total around 5.7 billion reais, become final at the administrative level,” said the company, citing that it will adopt the appropriate judicial measures to question the collection, as well as guarantee the debit.
The decision came from the First Panel of the Superior Chamber of Tax Appeals (CSRF), a member of the Carf.
According to Petrobras, the mentioned taxation of the Corporate Income Tax (IRPJ) and the Social Contribution on Net Income (CSLL) do not imply a provision in the company’s statements.
“The expectation of loss in this contingency is considered possible, being the object of an explanatory note in the financial statements”, he added.
Source: Moneytimes
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