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This excerpt taken from the PBR 20-F filed May 22, 2009. Plaintiff:
Federal Revenue Service
The Federal
Revenue Service filed a Tax Assessment against the Company
related to IRRF - Withholding Income Tax on remittances to
pay for oil imports. The claim was accepted by the lower court.
An Appeal was filed by the Federal Revenue Office to the Council
of Taxpayers, which was accepted. Petrobras is awaiting
notification in order to file a voluntary appeal. The maximum
exposure including monetary restatement for Petrobras as at
December 31, 2008 is US$308. Based on its legal
counsels’ advice, the Company has assessed risk of loss to
be possible.
This excerpt taken from the PBR 6-K filed Mar 30, 2009. Plaintiff: Federal Revenue Service The Federal Revenue Service filed a Tax Assessment against the Company related to IRRF - Withholding Income Tax on remittances to pay for oil imports. The claim was accepted by the lower court. An Appeal was filed by the Federal Revenue Office to the Council of Taxpayers, which was accepted. Petrobras is awaiting notification in order to file a voluntary appeal. The maximum exposure including monetary restatement for Petrobras as at December 31, 2008 is US$308. Based on its legal counsels’ advice, the Company has assessed risk of loss to be possible. This excerpt taken from the PBR 6-K filed Mar 18, 2008. Plaintiff: Federal Revenue Service The Federal Revenue Service filed a Tax Assessment against the Company related to IRRF - Withholding Income Tax on remittances to pay for oil imports. The claim was accepted by the lower court. A Voluntary Appeal was filed by the Federal Revenue Office to the Council of Taxpayers, which was accepted. Petrobras is awaiting notification in order to file a voluntary appeal. The maximum exposure including monetary restatement for Petrobras as at December 31, 2007 is US$391. Based on its legal counsels’ advice, the Company has assessed risk of loss to be possible. | EXCERPTS ON THIS PAGE:
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