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Brazilian court rules against Petrobras in $193 million tax case

Published 05/22/2024, 06:49 AM
Updated 05/22/2024, 06:50 AM
© Reuters. FILE PHOTO: A logo of Brazil's state-run Petrobras oil company is seen at their headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/File Photo
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SAO PAULO (Reuters) - Brazil's Superior Court of Justice has denied state-run oil company Petrobras an appeal against the collection of some 987 million reais ($192.68 million) in taxes, the company said late on Tuesday.

© Reuters. FILE PHOTO: A logo of Brazil's state-run Petrobras oil company is seen at their headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes/File Photo

The taxes relate to sales of oil derivatives from March 2002 to October 2003, Petrobras said in a securities filing. The firm said it would assess whether a fresh appeal could be lodged against the decision.

($1 = 5.1225 reais)

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