Petrobras on CARF Judgment Result

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(Petrobras, 26.Oct.2023) — Petrobras informs that, in a session held today, the Second Panel of the Superior Chamber of Tax Appeals (CSRF), a body of the Administrative Council of Tax Appeals (CARF), heard and granted, by majority vote, the appeal filed by the National Treasury, limiting the deductibility of regular contributions, in a Private Pension Plan, for IRPJ and CSLL purposes.

With this decision, the corresponding tax debts, which total around R$762mn, become definitive in the administrative sphere, except for the possibility of opposing motions for clarification. As a result, the company will evaluate the adoption of appropriate measures to defend its interests, including in court.

The expectation of loss of this contingency is considered possible, being object of an explanatory note in the financial statements and the CARF’s decision does not imply an accrual in the company’s financial statements.


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