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PBR » Topics » 18.5 Reconciliation of income tax and social contribution on profit

This excerpt taken from the PBR 6-K filed Nov 19, 2009.

18.5 Reconciliation of income tax and social contribution on profit

The reconciliation of taxes calculated according to nominal, statutory rates and the amount of taxes recorded in fiscal years 2009 and 2008 are presented as follows:

a) Consolidated

    R$ thousand 
   
    Jan-Sep 2009    Jan-Sep 2008 
     
Income for the year before taxes and after employee profit sharing    32.071.371    40.857.688 
     
Income tax and social contribution at statutory rates (34%)   (10.904.266)   (13.891.613)
Adjustments for calculation of the effective rate:         
       • Permanent additions, net    (356.213)   (352.021)
       • Tax incentives    91.422    113.216 
       • Credit resulting from inclusion of interest on shareholders' capital as operating expenses    1.491.593    - 
       • Tax credits of companies abroad in the exploration stage    (39.270)   (157.594)
       • Tax losses    311.459    (104.028)
       • Results of companies abroad not subject to taxation    916.402    305.041 
       • Others    417.027    (113.752)
     
Expense for provision for income tax and social contribution    (8.071.846)   (14.200.751)
     
                 Deferred income tax/social contribution    524.511    (972.732)
                 Current income tax/social contribution    (8.596.357)   (13.228.019)
     
    (8.071.846)   (14.200.751)
     
Effective rate for income tax and social contribution    25,2%    34,8% 
     

This excerpt taken from the PBR 6-K filed Aug 18, 2009.

18.5 Reconciliation of income tax and social contribution on profit

The reconciliation of taxes calculated according to nominal, statutory rates and the amount of taxes recorded in fiscal year 2009 and 2008 are presented as follows:

a) Consolidated

  R$ thousand 
   
  Jan-Jun/2009    Jan-Jun/2008 
     
Income for the year before taxes and after employee profit sharing  20.807.890    26.203.389 
     
Income tax and social contribution at statutory rates (34%) (7.074.683)   (8.909.152)
Adjustments for calculation of the effective rate:       
       • Permanent additions, net  (72.712)   (237.009)
       • Tax incentives  55.014    193.060 
       • Credit resulting from inclusion of interest on shareholders' equity as       
       operating expenses  894.956     
       • Tax credits of companies abroad in the exploration stage  (4.986)   (87.959)
       • Tax losses  324.502    (116.910)
       • Results of companies abroad not subject to taxation  698.505    423.937 
       • Others  140.703    (62.806)
     
Expense for provision for income tax and social contribution  (5.038.701)   (8.796.839)
     
                 Deferred income tax / social contribution  1.203.560    (1.240.398)
                 Current income tax / social contribution  (6.242.261)   (7.556.441)
     
  (5.038.701)   (8.796.839)
     
Effective rate for income tax and social contribution  24,2%    33,6% 
     

This excerpt taken from the PBR 6-K filed Jun 8, 2009.

18.5 Reconciliation of income tax and social contribution on profit

The reconciliation of the taxes calculated in accordance with statutory rates and the amount of the taxes recorded in the years 2009 and 2008 are presented as follows:

a) Consolidated

    R$ thousand 
   
    Jan-Mar 2009    Jan-Mar 2008 
     
Income for the year before taxes and after employee profit sharing    9.000.414    11.400.547 
     
Income and social contribution taxes at nominal rates (34%)   (3.060.141)   (3.876.186)
Adjustments for calculation of the effective rate:         
        Permanent additions, net    719    (155.974)
        Tax incentives    8.780    (59.070)
        Tax credits of companies abroad in the exploration stage    (114.560)   (59.070)
        Others    322.628    135.456 
     
Expense for provision for income and social contribution taxes    (2.842.574)   (3.931.047)
     
                 Deferred income tax/social contribution    (452.734)   (702.409)
                 Current income tax/social contribution    (2.389.840)   (3.228.638)
     
    (2.842.574)   (3.931.047)
     
Effective rate for income and social contribution taxes    32%    34% 
     

EXCERPTS ON THIS PAGE:

6-K
Nov 19, 2009
6-K
Aug 18, 2009
6-K
Jun 8, 2009

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