This excerpt taken from the PBR 6-K filed Apr 28, 2008.
Payment of the 3rd installment of interest on own capital
(Rio de Janeiro, April 25, 2008). PETRÓLEO BRASILEIRO S/A - PETROBRAS, [Bovespa: PETR3/PETR4, NYSE: PBR/PBRA, Latibex: XPBR/XPBRA, BCBA: APBR/APBRA], a Brazilian international energy company, announces to its shareholders that it will pay, on April 30 2008, the 3rd installment of the Interest on Own Equity to shareholders who owned ordinary or preferred shares on the base date of January 11 2008, pursuant to the Relevant Fact announced to the market on December 27 2007, and according to the following schedule:
Income tax will incur at a rate of 15% on the value of R$0.30 of interest on own capital, while it will incur at the rate of 22.5% on the value of R$0.0106, which corresponds to the update of the Selic rate in the period ranging from 12/31/2007 to 04/30/2008. The above-mentioned income tax withholding will not apply to immune or exempt shareholders.
This installment of the interest on own equity will be discounted from the final remuneration relative to the closing of the 2007 fiscal year.