Petrobras Will Have To Pay $400 Mln In Additional Income Tax

Instant Max AI

(Reuters, 17.Jan.2019) — Brazil’s state-run oil company Petrobras on Thursday said it had lost an appeal in a Brazilian tax court and will have to pay an additional 1.5 billion reais ($398.10 million) in income tax, according to a securities filing.

The additional payment refers to taxes for the year 2010.

($1 = 3.7679 reais)

(Reporting by Marcelo Rochabrun Editing by Chizu Nomiyama)

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