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PBR » Topics » b) Taxes, contributions and participations

This excerpt taken from the PBR 6-K filed Aug 25, 2006.

b) Taxes, contributions and participations

    R$ Thousand 
   
    Consolidated    Parent Company 
     
    06.30.2006    03.31.2006    06.30.2006    03.31.2006 
         
Current liabilities                 
ICMS - Value Added Tax on Sales and                 
     Services    2.174.445    2.420.505    1.970.956    2.208.551 
COFINS - Tax for Social Security Financing    537.414    493.919    398.806    322.185 
CIDE- Contribution on Intervention in                 
         Economic Domains    624.968    598.509    577.999    598.044 
PASEP- Public Service Employee Savings    84.117    96.776    52.519    57.849 
Special participation program/royalties    2.746.577    2.632.230    2.706.152    2.598.493 
Income tax and social contribution retentions    314.370    321.767    307.995    316.076 
Income tax and social contribution current    1.667.369    2.238.001    935.330    1.536.487 
Deferred Income tax and social contribution    1.225.741    1.139.222    1.043.919    951.814 
Other taxes    342.947    394.958    112.056    126.405 
         
 
    9.717.948    10.335.887    8.105.731    8.715.904 
         

This excerpt taken from the PBR 6-K filed Jun 26, 2006.

b) Taxes, contributions and participations

    R$ Thousand 
   
    Consolidated    Parent Company 
     
    03.31.2006    12.31.2005    03.31.2006    12.31.2005 
         
Current liabilities                 
ICMS - Value Added Tax on Sales and Services    2,420,505    2,509,352    2,208,551    2,296,543 
COFINS - Tax for Social Security Financing    493,919    254,968    322,185    118,554 
CIDE- Contribution on Intervention in Economic                 
Domains    598,509    577,742    598,044    530,882 
PASEP- Public Service Employee Savings    96,776    43,415    57,849    13,598 
Special participation program/royalties    2,632,230    2,507,795    2,598,493    2,476,946 
  Income tax and social contribution retentions    321,767    592,386    316,076    588,968 
  Income tax and social contribution current    2,238,001    1,011,556    1,536,487    234,395 
  Income tax and social contribution deferred    1,139,222    1,046,862    951,814    902,225 
  Other taxes    394,958    387,265    126,405    130,397 
         
 
    10,335,887    8,931,341    8,715,904    7,292,508 
         

This excerpt taken from the PBR 6-K filed Mar 18, 2005.

13. Taxes, contributions and participations

  Consolidated Parent company
 
Current assets 2004  2003  2004  2003 
 
Local:
    ICMS recoverable 1.766.034  1.348.596  1.381.591  946.935 
    PASEP/COFINS recoverable 410.144  432.866  182.760  329.242 
    CIDE recoverable 17.919    17.919   
    Income tax recoverable 502.100  258.864  253.367  195.198 
    Social contribution recoverable 96.735  16.898  11.244 
    Deferred income tax and social contribution 941.898  1.462.139  848.681  1.448.054 
    Other recoverable taxes 299.256  100.810  270.445  46.170 
 
 
  4.034.086  3.620.173  2.966.007  2.965.599 
 
Foreign:
    Tax on value added – IVA 382.244  132.340 
    Presumed income tax 72.949  75.167 
    Other recoverable taxes 5.458  212.452     
 
 
  460.651  419.959     
 
 
  4.494.737  4.040.132  2.966.007  2.965.599 
 
 
  Consolidated Parent company
 
Current liabilities 2004  2003  2004  2003 
 
ICMS - Value Added Tax on Sales and Services 1.859.099  2.513.414  1.721.904  2.386.421 
COFINS - Tax for Social Security Financing 503.098  103.277  393.521  62.295 
CIDE- Contribution on Intervention in Economic Domains 653.222  1.445.950  608.264  1.341.541 
PASEP- Public Service Employee Savings 111.467  26.263  87.043  15.912 
Special participation program/royalties 2.045.052  1.530.115  2.007.969  1.496.109 
Withholding income tax 65.999  146.693  62.599  6.614 
    Income tax and social contribution payable 959.934  630.398  470.897  337.721 
    Deferred income tax and social contribution 1.000.695 697.421  957.908  686.118 
    Other taxes 490.421  230.232  273.458  73.558 
 
 
  7.688.987  7.323.763  6.583.563  6.406.289 
 

The changes introduced in tax legislation from February to May 2004 increased the COFINS rate from 3% to 7,6%. These changes, together with the introduction of withholding contribution on net income (CSLL), COFINS and PIS/PASEP on payments for goods and services sold by mixed capital entities, as well as the levy PIS/PASEP and COFINS on the import of assets and services and the exclusion of CIDE as a reducing item from the basis of tax calculation, increased the related tax amounts payable, having been partly compensated by the decrease in credits in view of the new noncumulative system. The decrease in liabilities in connection with CIDE-fuel is related to the decrease in rates.

EXCERPTS ON THIS PAGE:

6-K
Aug 25, 2006
6-K
Jun 26, 2006
6-K
Mar 18, 2005

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