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PBR » Topics » Plaintiff: Rio de Janeiro state finance authorities - ICMS Tax related to the Sinking of P-36 PlatformThis excerpt taken from the PBR 20-F filed May 22, 2009. Plaintiff:
Rio de Janeiro state finance authorities - ICMS Tax related
to the Sinking of
P-36
Platform
Rio de
Janeiro state finance authorities filed a Tax Assessment against
the Company in connection with ICMS (Domestic value-added tax)
related to the Sinking of
P-36
Platform. ICMS - Sinking of Platform
P-36. Lower
court decision favorable to Petrobras Appeal filed by the State
of Rio de Janeiro and by Petrobras, with respect to the amount
of the fees. By a majority decision the appeal of the State of
Rio de Janeiro was approved and the appeal by the company was
considered invalid. Awaiting publication of the court decision.
The maximum exposure including monetary restatement for
Petrobras as of December 31, 2008, is US$331. 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: Rio de Janeiro state finance authorities - ICMS Tax related to the Sinking of P-36 Platform Rio de Janeiro state finance authorities filed a Tax Assessment against the Company in connection with ICMS (Domestic value-added tax) related to the Sinking of P-36 Platform. ICMS – Sinking of Platform P-36. Lower court decision favorable to Petrobras Appeal filed by the State of Rio de Janeiro and by Petrobras, with respect to the amount of the fees. By a majority decision the appeal of the State of Rio de Janeiro was approved and the appeal by the company was considered invalid. Awaiting publication of the court decision. The maximum exposure including monetary restatement for Petrobras as of December 31, 2008, is US$331. Based on its legal counsels’ advice, the Company has assessed risk of loss to be possible. | EXCERPTS ON THIS PAGE:
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