PBR » Topics » Other Taxes

This excerpt taken from the PBR 6-K filed Sep 9, 2009.

Other Taxes

Other taxes, consisting of various taxes on financial transactions, decreased 15.4% to U.S.$148 million in the first half of 2009 compared to U.S.$175 million in the first half of 2008. Excluding the impact of the depreciation of the Real, other taxes remained relatively constant during the first half of 2009 compared to the same period of 2008.

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This excerpt taken from the PBR 6-K filed Jun 1, 2009.

Other Taxes

Other taxes, consisting of various taxes on financial transactions, decreased 42.2% to U.S.$63 million in the three-month period ended March 31, 2009 compared to U.S.$109 million in the three-month period ended March 31, 2008. This decrease is primarily attributable to the elimination of CPMF in the first quarter of 2008, a tax payable in connection with certain bank account transactions, as well as the reduction in IOF, a tax payable on financial transactions and investments.

This excerpt taken from the PBR 20-F filed May 22, 2009.
Other Taxes
 
Other taxes, consisting of various taxes on financial transactions, increased 11.4% to U.S.$662 million for 2007 compared to U.S.$594 million for 2006.

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This excerpt taken from the PBR 6-K filed Mar 30, 2009.

Other Taxes

Other taxes, consisting of various taxes on financial transactions, decreased 34.6% to U.S.$433 million for 2008 compared to U.S.$662 million for 2007. This decrease is primarily attributable to the elimination of the CPMF tax on January 1, 2008. This decrease was partially offset by an increase in the IOF tax, a tax payable on financial transactions, on January 1, 2008.

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This excerpt taken from the PBR 6-K filed Nov 28, 2008.

Other taxes

Other taxes, consisting of various taxes on financial transactions, decreased 44.1% to U.S.$271 million in the nine-month period ended September 30, 2008, compared to U.S.$485 million in the nine-month period ended September 30, 2007. This decrease is primarily attributable to the elimination of CPMF, a tax payable in connection with certain bank account transactions, on January 1, 2008. This decrease was partially offset by an increase in the IOF tax rate, a tax payable on financial transactions, on January 1, 2008.

This excerpt taken from the PBR 6-K filed Sep 4, 2008.

Other taxes

Other taxes, consisting of miscellaneous value-added, transaction and sales taxes, decreased 43.4% to U.S.$175 million in the first half of 2008, as compared to U.S.$309 million in the first half of 2007. This decrease is primarily attributable to the U.S.$247 million decrease related to the extinguishment of the CPMF, a tax payable in connection with certain bank account transactions, as of January 1, 2008. This decrease was partially offset by the U.S.$45 million increase in the IOF, a tax payable over financial transactions, due to the increase of IOF tax rates, also effective January 1, 2008.

This excerpt taken from the PBR 6-K filed May 22, 2008.

Other taxes

Other taxes, consisting of miscellaneous value-added, transaction and sales taxes, decreased 23.2% to U.S.$109 million for the first quarter of 2008, as compared to U.S.$142 million for the first quarter of 2007. This decrease is primarily attributable to the U.S.$76 million decrease related to the extinguishment of the CPMF, a tax payable in connection with certain bank account transactions, as of January 1, 2008. This decrease was partially offset by the U.S.$25 million increase in the IOF, a tax payable over financial transactions, due to the increase of IOF tax rates, also effective January 1, 2008.

This excerpt taken from the PBR 6-K filed Mar 18, 2008.

Other taxes

Other taxes, consisting of miscellaneous value-added, transaction and sales taxes, increased 11.4% to U.S.$662 million for 2007, as compared to U.S.$594 million for 2006.

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This excerpt taken from the PBR 6-K filed Nov 29, 2007.

Other taxes

Other taxes, consisting of miscellaneous value-added, transaction and sales taxes, increased 16.3% to U.S.$ 485 million for the nine-month period ended September 30, 2007, as compared to U.S.$ 417 million for the nine-month period ended September 30, 2006. This increase was primarily attributable to the increase of U.S.$ 59 million in the CPMF, a tax payable in connection with certain bank account transactions; and to the 8.3% increase in the value of the Real against the U.S. dollar in the nine-month period ended September 30, 2007, as compared to the nine-month period ended September 30, 2006.

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This excerpt taken from the PBR 6-K filed Sep 6, 2007.

Other taxes

Other taxes, consisting of miscellaneous value-added, transaction and sales taxes, increased 7.7% to U.S.$ 309 million for the first half of 2007, as compared to U.S.$ 287 million for the first half of 2006. This increase was primarily attributable to the 6.6% increase in the value of the Real against the U.S. dollar in the first half of 2007, as compared to the first half of 2006.

This excerpt taken from the PBR 6-K filed Jun 13, 2007.

Other taxes

Other taxes, consisting of miscellaneous value-added, transaction and sales taxes, increased 31.5% to U.S.$ 142 million for the first quarter of 2007, as compared to U.S.$ 108 million for the first quarter of 2006. This increase was primarily attributable to:

  • an increase of U.S.$ 15 million in the CPMF, a tax payable in connection with certain bank account transactions; and

  • the 3.9% increase in the value of the Real against the U.S. dollar in the first quarter of 2007, as compared to the first quarter of 2006.
This excerpt taken from the PBR 6-K filed Apr 10, 2007.

Other taxes

Other taxes, consisting of miscellaneous value-added, transaction and sales taxes, increased 59.2% to U.S.$ 594 million for 2006, as compared to U.S.$ 373 million for 2005. This increase was primarily attributable to:

  • an increase of U.S.$ 54 million in the PASEP / COFINS tax related to the increase in financial income;

  • an increase of U.S.$ 49 million in the CPMF, a tax payable in connection with certain bank account transactions;

  • an increase of U.S.$ 48 million in taxes related to the increase in operations with SPEs, mainly with Companhia Locadora de Equipamentos Petrolíferos – CLEP, Nova Transportadora do Sudeste - NTS and Nova Transportadora do Nordeste - NTN;

  • an U.S.$ 12 million increase in taxes in Colombia and Bolivia, related to foreign remittance accounts and dividends; and

  • the 10.7% increase in the value of the Real against the U.S. dollar in 2006, as compared to 2005.

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This excerpt taken from the PBR 6-K filed Nov 28, 2006.

Other taxes

Other taxes, consisting of miscellaneous value-added, transaction and sales taxes, increased 62.3% to U.S.$ 417 million for the nine-month period ended September 30, 2006, as compared to U.S.$ 257 million for the nine-month period ended September 30, 2005. This increase was primarily attributable to:

  • an increase of U.S.$ 53 million in the PASEP / COFINS tax related to the increase in financial income;
  • an increase of U.S.$ 35 million in the CPMF, a tax payable in connection with certain bank account transactions;
  • an increase of U.S.$ 30 million in taxes related to the increase in operations with SPEs, mainly with Companhia Locadora de Equipamentos Petrolíferos – CLEP, Nova Transportadora do Sudeste - NTS and Nova Transportadora do Nordeste - NTN;
  • an increase of U.S.$ 19 million increase in taxes in Colombia and Bolivia, related to foreign remittance accounts and dividends; and
  • the 12.6% increase in the value of the Real against the U.S. dollar in the nine-month period ended September 30, 2006, as compared to the nine-month period ended September 30, 2005.
This excerpt taken from the PBR 6-K filed Sep 6, 2006.

Other taxes

Other taxes, consisting of miscellaneous value-added, transaction and sales taxes, increased 71.9% to U.S.$ 287 million for the first half of 2006, as compared to U.S.$ 167 million for the first half of 2005. This increase was primarily attributable to the increase of U.S.$ 29 million in the CPMF, a tax payable in connection with certain bank account transactions; the increase of U.S.$ 38 million in the PASEP / COFINS tax related to increase of financial income; and to the 15.0% increase in the value of the Real against the U.S. dollars in the first half of 2006, as compared to the first half of 2005.

This excerpt taken from the PBR 6-K filed Jun 28, 2006.

Other taxes

Other taxes, consisting of miscellaneous value-added, transaction and sales taxes, increased 33.3% to U.S.$ 108 million for the first quarter of 2006, as compared to U.S.$ 81 million for the first quarter of 2005. This increase was primarily attributable to the increase of U.S.$ 9 million in the CPMF, a tax payable in connection with certain bank account transactions; and to the 17.7% increase in the value of the Real against the U.S. dollars in the first quarter of 2006, as compared to the first quarter of 2005.

This excerpt taken from the PBR 6-K filed Nov 23, 2005.

Other taxes

Other taxes, consisting of miscellaneous value-added, transaction and sales taxes, decreased 25.5% to U.S.$ 257 million for the nine-month period ended September 30, 2005, as compared to U.S.$ 345 million for the nine-month period ended September 30, 2004. This decrease was primarily attributable to the decrease of U.S.$ 157 million in the PASEP/COFINS taxes on financial income, due to a reduction to zero in the applicable rate as of August 2, 2004. This decrease was partially offset by the 16.0% increase in the value of the Real against the U.S. dollar in the nine-month period ended September 30, 2005, as compared to the nine-month period ended September 30, 2004.

This excerpt taken from the PBR 6-K filed Aug 25, 2005.

Other taxes

Other taxes, consisting of miscellaneous value-added, transaction and sales taxes, decreased 38.1% to U.S.$ 167 million for the first half of 2005, as compared to U.S.$ 270 million for the first half of 2004. This decrease was primarily attributable to the decrease of U.S.$ 153 million in the PASEP/COFINS taxes on financial income, due to a reduction in the applicable rate as of August 2, 2004. This decrease was partially offset by the 13.4% increase in the value of the Real against the U.S. dollar in the first half of 2005, as compared to the first half of 2004.

This excerpt taken from the PBR 20-F filed Jun 30, 2005.

Other taxes

 

Other taxes, consisting of miscellaneous value-added, transaction and sales taxes, decreased 7.5% to U.S.$333 million for 2003, as compared to U.S.$360 million for 2002. This decrease was primarily attributable to the 5.2% decrease in the value of the Real against the U.S. dollar in 2003, as compared to 2002, and the decrease of U.S.$61 million in the PASEP/COFINS taxes payable in respect of foreign exchange gains on assets, resulting from transactions with affiliates with assets denominated in foreign currencies.

 

This excerpt taken from the PBR 6-K filed Jun 13, 2005.

Other taxes

 

Other taxes, consisting of miscellaneous value-added, transaction and sales taxes, decreased 19.8% to U.S.$ 81 million for the first quarter of 2005, as compared to U.S.$ 101 million for the first quarter of 2004. This decrease was primarily attributable to the decrease of U.S.$ 28 million in the PASEP/COFINS taxes on financial income, due to a reduction in the applicable rate as of August 2, 2004. This decrease was partially offset by the 8.0% increase in the value of the Real against the U.S. dollar in the first quarter of 2005, as compared to the first quarter of 2004.

 

This excerpt taken from the PBR 6-K filed Jun 8, 2005.

Other taxes

 

Other taxes, consisting of miscellaneous value-added, transaction and sales taxes, increased 32.1% to U.S.$ 440 million for 2004, as compared to U.S.$ 333 million for 2003. This increase was primarily attributable to the following:

 

    an increase of U.S.$ 37 million in the CPMF, a tax payable in connection with certain financial transactions;

 

    an increase of U.S.$ 22 million in taxes related to our international activities;

 

    an increase of U.S.$ 18 million in the PASEP/COFINS taxes on financial income, due to an increase in the COFINS tax rate from 3.0% to 7.6% beginning February 1, 2004; and

 

    the 4.8% increase in the value of the Real against the U.S. dollar in 2004, as compared to 2003.

 

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