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PBR » Topics » Plaintiff: Alagoas state finance authorities

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

Plaintiff: Alagoas state finance authorities

Alagoas state finance authorities filed a Tax Assessment against the Company in connection with reversal of ICMS Credit. Petrobras is awaiting judgment of the appeal by the second administrative level. The maximum exposure including monetary restatement for Petrobras as of December 31, 2007, is US$45. Based on its legal counsels’ advice, the Company has assessed risk of loss to be possible.

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Table of Contents


19. Commitments and Contingencies (Continued)

(c) Tax assessments (Continued)

This excerpt taken from the PBR 6-K filed Apr 10, 2007.

Plaintiff Alagoas state finance authorities

Alagoas state finance authorities filed a Tax Assessment against the Company in connection with reversal of ICMS Credit. Petrobras is awaiting judgment of the appeal by the second administrative level. The maximum exposure including monetary restatement for Petrobras as of December 31, 2006 is US$32. Based on its legal counsels advice, the Company has assessed risk of loss to be possible.

EXCERPTS ON THIS PAGE:

6-K
Mar 18, 2008
6-K
Apr 10, 2007

RELATED TOPICS for PBR:

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