Petrobras and the government of RJ sign a tax regime agreement

By ETCO

Author: TEAM AE

Source: Agência Estado - SP - COMPANIES AND BUSINESS - 28/08/2009

Petrobras 'Chief Financial and Investor Relations Officer, Almir Barbassa, and the Rio de Janeiro State Finance Secretary, Joaquim Levy, today signed an agreement dealing with the Special Regime and regulating the flow of Petrobras' tax documents related to its oil exploration and production operations in the Campos Basin.

The agreement also provides for the supply, by the company, of periodic reports with information of interest to the Rio de Janeiro farm authorities. In a note, Petrobras says that this is a milestone in the path of tax bureaucratization and that the new agreement became necessary because of the new legislation that established different rules for digital tax bookkeeping.

The Special Regime, which regulated Petrobras' operations in Rio de Janeiro, was revised to include the mandatory issue of Electronic Invoices.