Oil Sector Reacts to Lula's Veto and Sees Investment Risks with New Tax

Oil Sector Reacts to Lula’s Veto and Sees Investment Risks with New Tax

Written by Romário Pereira de Carvalho

Published on 22/05/2025 at 08:10

Imagem: IA

Be the first to react!

Lula’s Decision To Veto The Exemption Of The Selective Tax On Oil Generated Reaction In The Sector. On The Joule Podcast, Experts Pointed Out Risks To Competitiveness And Legal Safety.
They Criticized The Political Use Of The Tax And The Absence Of A Clear Policy For The Sector

The Regulation Of The Tax Reform Brought Tension To The Oil And Gas Sector. The Main Reason Was President Lula’s Veto Of The Passage That Exempted The Selective Tax (IS) On Minerals Intended For Export, Including Oil.

The Topic Was Discussed On The Joule Podcast, By JOTA In Partnership With Inté. Participants Included Matias Lopes From The Brazilian Institute Of Oil And Gas (IBP) And José Maria Arruda From The Law School Of USP. Both Pointed Out Negative Effects Of The Measure.

According To Lopes, The New Tax Drives Away Investors. “The IS On The Extraction Of Oil And Gas Has A Terrible Impact On The Investor Because It Creates An Additional Cost To A Commodity Produced In The Country,” He Stated. He Advocated For The Maintenance Of Exploration, Which Will Still Be Important For Decades.

ARTICLE CONTINUES BELOW

See also

Arruda Criticized The Political Use Of The Tax. “There Is A Brazilian Habit That I Consider Negative In The Creation Of Taxes, Which Is To Create Taxes With Specific Names And Narratives That Are Not Used Correctly,” He Said. For Him, The IS Should Apply To Products Harmful To Health And The Environment.

Sector Representatives Also Claim That The Veto Of The Exemption Contradicts The Practice Of Not Exporting Taxes. They Assert That The Measure Goes Against The Purpose Of The IS, Which Would Be To Discourage The Domestic Consumption Of Harmful Products.

Arruda Also Highlighted That There Is No Clear Policy For Reducing Oil Exploration In The Country. “There Is A National Economic Strategy Around Oil Extraction With Agents Such As Petrobras. So There Is No Direction Towards Decreasing Oil Extraction,” He Concluded.

The Discussion Continues To Generate Debates Among Government, Companies, And Experts.

With Information From Jota.Info.

0 Comments

most recent

older Most voted

Oil Sector Reacts to Lula’s Veto and Sees Investment Risks with New Tax

Lula’s Decision To Veto The Exemption Of The Selective Tax On Oil Generated Reaction In The Sector. On The Joule Podcast, Experts Pointed Out Risks To Competitiveness And Legal Safety.
They Criticized The Political Use Of The Tax And The Absence Of A Clear Policy For The Sector

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

Under nearly 2 kilometers of ice in Antarctica, scientists have discovered an ancient landscape sculpted by rivers up to 60 million years ago, the size of Wales, preserved as a time capsule that could help predict the advance of ice towards the ocean.

She started by collecting oyster shells from restaurants and today she has already accumulated more than 10 tons to restore reefs, recover coastal habitats, and demonstrate how a common waste can become a tool for ocean conservation.

SpaceX will dock a $843 million vehicle to the International Space Station to push a nearly 420-ton laboratory against the atmosphere and make the debris fall in a controlled manner into the ocean.

Fishermen find a rare 127 kg substance inside a whale in Yemen, sell the “whale vomit” for $1.5 million, and become millionaires with the find in the Gulf of Aden.

For the economist José Kobori, the USA gained a trump card to “blackmail” Brazil and undermine China’s influence by classifying the PCC and Comando Vermelho as terrorists, increasing the power to pressure companies, banks, and even Pix.

BYD Atto 2 DM-i flex prepares to debut in Brazil with a plug-in hybrid engine, national assembly in Camaçari, competitive pricing, and targets Creta and T-Cross in a battle that promises to heat up the compact SUV market.

Processors can become 1,000 times faster with a new device that uses light pulses, operates in 40 picoseconds, and reduces the heat that stalls data centers.

Noise in the sky frightened residents: NASA confirms that a meteor exploded over New England with a force equivalent to 230 tons of TNT

Oil Sector Reacts to Lula’s Veto and Sees Investment Risks with New Tax

Lula’s Decision To Veto The Exemption Of The Selective Tax On Oil Generated Reaction In The Sector. On The Joule Podcast, Experts Pointed Out Risks To Competitiveness And Legal Safety.They Criticized The Political Use Of The Tax And The Absence Of A Clear Policy For The Sector

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

Under nearly 2 kilometers of ice in Antarctica, scientists have discovered an ancient landscape sculpted by rivers up to 60 million years ago, the size of Wales, preserved as a time capsule that could help predict the advance of ice towards the ocean.

She started by collecting oyster shells from restaurants and today she has already accumulated more than 10 tons to restore reefs, recover coastal habitats, and demonstrate how a common waste can become a tool for ocean conservation.

SpaceX will dock a $843 million vehicle to the International Space Station to push a nearly 420-ton laboratory against the atmosphere and make the debris fall in a controlled manner into the ocean.

Oil surges again after attacks and standoff between the US and Iran increase global tension

HIDDEN TREASURE AT THE BOTTOM OF THE SEA? Oil discovery nearly 20,000 feet deep challenges engineering limits off the coast of Brazil

IBS and CBS regulations change credit reimbursement and raise financial alert in the oil and gas industry

China puts into operation the largest shallow lithology offshore field in the country, with 79 wells, heavy oil, and a production of 20,000 barrels per day.

Fishermen find a rare 127 kg substance inside a whale in Yemen, sell the “whale vomit” for $1.5 million, and become millionaires with the find in the Gulf of Aden.

For the economist José Kobori, the USA gained a trump card to “blackmail” Brazil and undermine China’s influence by classifying the PCC and Comando Vermelho as terrorists, increasing the power to pressure companies, banks, and even Pix.

BYD Atto 2 DM-i flex prepares to debut in Brazil with a plug-in hybrid engine, national assembly in Camaçari, competitive pricing, and targets Creta and T-Cross in a battle that promises to heat up the compact SUV market.

Processors can become 1,000 times faster with a new device that uses light pulses, operates in 40 picoseconds, and reduces the heat that stalls data centers.

Noise in the sky frightened residents: NASA confirms that a meteor exploded over New England with a force equivalent to 230 tons of TNT

Lula’s Decision To Veto The Exemption Of The Selective Tax On Oil Generated Reaction In The Sector. On The Joule Podcast, Experts Pointed Out Risks To Competitiveness And Legal Safety.
They Criticized The Political Use Of The Tax And The Absence Of A Clear Policy For The Sector