Petrobras Saves Over 2 Billion Reais in Tax Debt Amnesty with the States of RJ and ES

Written by Flavia Marinho

Published on 02/10/2020 at 07:56

Petrobras adere a programas redução de juros e multas de ICMS com os estados do Rio de Janeiro e espírito Santo e vê economia de 57% – mais de 2 bilhões de reais

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Petrobras Joins Programs to Reduce Interest and Fines on ICMS with the States of Rio de Janeiro and Espírito Santo and Sees Savings of 57% – Over 2 Billion Reais

Petrobras informed last night (10/01) in a relevant fact that the Board of Directors of Petrobras approved on Thursday, the 1st, joining the programs to reduce interest and fines on debts related to the Tax on Circulation of Goods and Services (ICMS) established by Rio de Janeiro and Espírito Santo. Sale process of Petrobras Biocombustível advances. State-owned company issues invitation letters to interested parties qualified in the previous phase

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The states of Espírito Santo and Rio de Janeiro will receive, still this year, about R$ 2 billion from Petrobras. The Board of Directors of the state-owned company approved joining the amnesty programs for ICMS (Tax on Circulation of Goods and Services) of the two states. The total debt with Rio and Espírito Santo amounts to about R$ 4.3 billion.

About 70% of this amount will be paid this October, with the remainder in monthly installments until December of this year. Of the total, R$ 1.8 billion will go to Rio de Janeiro and the remainder to Espírito Santo.

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Petrobras Saves Over 2 Billion Reais in Tax Debt Amnesty with the States of RJ and ES

Petrobras Joins Programs to Reduce Interest and Fines on ICMS with the States of Rio de Janeiro and Espírito Santo and Sees Savings of 57% – Over 2 Billion Reais

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Petrobras Saves Over 2 Billion Reais in Tax Debt Amnesty with the States of RJ and ES

Petrobras Joins Programs to Reduce Interest and Fines on ICMS with the States of Rio de Janeiro and Espírito Santo and Sees Savings of 57% – Over 2 Billion Reais

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While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

With 7.4 trillion tons of artificial snow pumped in 10 years, an extreme operation could stabilize the West Antarctic ice sheet and prevent a sea level rise of more than 3 meters, but it would require snow cannons, ocean water, and energy on an almost industrial scale at the end of the world.

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