PETROBRAS TAX
REPORT
-
3° Tri de 2024
3rd Quarter 2024
TAX REPORT - 3rd Quarter 2024
This Tax Report details the cash outflows made by Petrobras with the collection of taxes and government take in the first nine months of 2024. The information follows the cash basis method and should be read along with the Tax Report of 2023, on which the compliance aspects and tax risk management of the Company are presented, as well as the tax policy, with its principles and guidelines, among other information about our role as one of the largest taxpayers in the Brazilian economy.
Petrobras collected R$ 202.4 billion for the Government from January to September 2024, which represented a 16% increase in the payment of taxes and Government Take (Gov. Take), compared to the same period in 2023, driven by the higher collection of ICMS (VAT), CIDE, PIS, COFINS and Royalties.
The total amount collected includes R$139.2 billion in taxes due directly by Petrobras from its own operations; R$ 46.5 billion in Gov. Take and R$ 16.7 billion in taxes withheld from third parties, since the company has the legal obligation to collect them throughout the production chain, as a tax substitute.
An amount of R$ 124.8 billion, which is composed of R$ 77.3 billion as Federal taxes and R$ 46.5 billion as Gov. Take, was paid to the Federal Government. According to the current legislation, this entity distributes part of this value to the States and Municipalities. When compared to the same period of the previous year, there is a 14% increase in the total tax collected destined for the Federal Gov, explained by the higher collection of PIS and COFINS due to the reinstitution of taxation on the sale and import of diesel oil, biodiesel and industrial LPG, contributions that were subject to a zero tax rate until 12/31/2023.
In terms of state tax collections, Petrobras experienced a 18% increase compared to the same period in 2023, with a disbursement of R$ 77.5 billion. This growth is mainly justified by the increase in the ICMS single-phase regime's tax rate, starting from 02/01/2024, levied on fuels.
The municipal taxes amounted to R$ 1.1 billion, representing a 13% increase compared to the same period of the previous year. The value is primarily distributed between IPTU (Urban Property Tax) and ISS (Service Tax) .
Comparison of Payment - January to September
(R$ billion)
2024 | 77.3 | 77.5 | 1.1 | 46.5 | 202.4 | |
2023 | 64.6 | 65.5 | 0.9 | 44.1 | 175.2 | |
Federal | States | Municipalities | Gov. Take | |||
R$ 123.8 billion | R$ 77.5 billion | R$ 1.1 billion | ||||||
R$ 202.4 billion | ||||||||
FEDERAL + GOV. TAKE | STATES | MUNICIPALITIES | ||||||
PAID IN 2024 | ||||||||
TAX REPORT - 3rd Quarter 2024
Please find below the distribution of taxes paid by Petrobras, segregated by its fiscal nature:
Collection History of the 3rd Quarter
(R$ billion)
14% | 64.4 | |
56.5 | ||
15.6 | ||
14.0 | 0.3 | |
0.3 | 20.7 | |
16.9 | ||
25.3 | 27.8 |
3Q233Q24
Collection History of the Last 4 Quarters (R$ billion)
65.0 | 68.2 | 69.7 | 64.4 |
16.1 | 14.8 | 15.6 | |
17.3 | 0.3 | ||
0.5 | |||
0.3 | 0.3 | ||
22.7 | 27.0 | 29.6 | 20.7 |
24.7 | 24.6 | 25.0 | 27.8 |
4Q23 | 1Q24 | 2Q24 | 3Q24 |
Gov. Take
Municipalities
Federal
States
Total
Petrobras had a 14% increase when compared to the same period of the previous year, with collection in this third quarter of R$64.4 billion: R$ 43.8 billion correspond to its own taxes, R$ 15.6 billion come from Government Take and R$ 5 billion are taxes withheld from third parties.
In the last 4 quarters, Petrobras paid R$ 267.3 billion to Government as Taxes and Government Take.
GOVERNMENT TAKE
Royalties, special participation, signature bonuses and payment For the occupation or retention Of the area
TAXES WITHHELD
FROM THIRD Tax Responsible
PARTIES
COMPANY'S | Taxes from |
our own | |
TAXES | operations |
TAX REPORT - 3rd Quarter 2024
Petrobras plays an importante role in ICMS (VAT) collection as a taxpayer due to its own operations, as well as a tax responsible for operations carried out by third parties. Petrobras represents more than 10% of 20 States's ICMS collection, a fact that reinforces the importance of the company for the country. In the table below, it is possible to observe the total ICMS collected by Petrobras for each State of the Federation and its percentage contribution to the total of ICMS collected.
Source: Conselho Nacional de Política Fazendária (CONFAZ) and Transparency Portal of each state.
STATES | PETROBRAS (R$ billion) | CONTRIBUTION % | ||
São Paulo | 17.35 | 10.7% | ||
Minas Gerais | 10.71 | 18.3% | ||
Rio Grande do Sul | 5.94 | 16.4% | ||
Paraná | 4.98 | 14.9% | ||
Santa Catarina | 4.90 | 12.9% | ||
Rio de Janeiro | 4.80 | 11.7% | ||
Goiás | 4.62 | 21.4% | ||
Mato Grosso | 4.04 | 17.4% | ||
Mato Grosso do Sul* | 3.70 | 29.8% | ||
Pará | 2.78 | 15.9% | ||
Espírito Santo | 2.23 | 14.4% | ||
Ceará | 1.50 | 17.0% | ||
Pernambuco | 1.25 | 6.6% | ||
Distrito Federal | 1.13 | 13.0% | ||
Amazonas | 1.10 | 9.5% | ||
Paraíba | 1.09 | 26.0% | ||
Tocantins | 1.00 | 18.0% | ||
Piauí | 0.77 | 12.7% | ||
Rio Grande do Norte | 0.74 | 12.0% | ||
Alagoas | 0.73 | 19.2% | ||
Bahia | 0.62 | 2.0% | ||
Rondônia | 0.60 | 18.8% | ||
Maranhão | 0.24 | 4.1% | ||
Sergipe* | 0.22 | 5.4% | ||
Amapá | 0.19 | 16.9% | ||
Acre | 0.12 | 7.9% | ||
Roraima | 0.09 | 6.5% |
*In the item Contribution (%) , it was used the average collection of the current year due to the non-disclosure of ICMS for September 2024.
ICMS COLLECTED BY THE STATES
13%
87%
Petrobras
Other taxpayers
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PETROBRAS - Petróleo Brasileiro SA published this content on November 08, 2024, and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on November 08, 2024 at 05:25:06.332.
