US Markets

Brazil's Petrobras gets favorable and definitive court decision on PIS/Cofins tax

Credit: REUTERS/SERGIO MORAES

Brazilian state-run oil company Petrobras said on Tuesday it has obtained a favorable and definitive court ruling related to PIS/Cofins tax contributions to be recovered as of October 2001.

SAO PAULO, July 21 (Reuters) - Brazilian state-run oil company Petrobras PETR4.SA said on Tuesday it has obtained a favorable and definitive court ruling related to PIS/Cofins tax contributions to be recovered as of October 2001.

"The company informs that it is investigating the respective amounts to be recovered, as well as assessing the potential impacts on their financial statements, which will be released in due course," Petroleo Brasileiro SA, as the oil firm is formerly known, said.

(Reporting by Gabriela Mello )

((Gabriela.Mello@thomsonreuters.com; +55 11 5644 7553; Reuters Messaging: gabriela.mello.reuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos

    Reuters

    Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

    Learn More