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This excerpt taken from the PBR 6-K filed May 11, 2005. DIVIDEND PAYMENTS AND INTEREST ON OWN CAPITAL
The interest on own capital (R$ 1,00) will be subject to 15% withholding tax while the value of R$ 0,1061, corresponding to the variation in the SELIC rate, since December 31 2004 until May 17, 2005 will be subject to 22,5% withholding tax. The above-mentioned Withholding Tax is not applicable to tax immune or exempt shareholders. | ||||||||||||||||||||||||||||
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