Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 227

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 227
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 Low or Nil Tax Jurisdiction or a jurisdiction to which the Non-Transparency
      Rule applies. In this case, a withholding income tax at a rate of 0.005% of the sale value 
     is levied on the transaction which can be offset against the eventual income tax due on the 
                                           capital gain; or                                      
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–                                                in                                             
     all other cases, including a case of capital gains realized by a non-Brazilian holder that 
    is not registered in accordance with CMN Resolution No. 4,373, subject to income tax at the 
    following progressive rates: 15% that do not exceed R$5 million, 17.5% on the gains between 
      R$5 million and R$10 million, 20% on the gains between R$10 million and R$30 million and  
      22.5% on the gains that exceed R$30 million. In these cases, a withholding income tax at  
    a rate of 0.005% of the sale value is levied on the transaction, which can be offset against
                          the eventual income tax due on the capital gain.                      
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 Any capital gains realized on a disposition of preferred or common shares that is carried out outside the Brazilian stock exchange are subject to income tax above rates in case of gains realized by a non-Brazilian holder that is domiciled or resident in a Low or Nil Tax Jurisdiction or a jurisdiction to which the Non-Transparency Rule applies. In this last case, for the capital gains related to transactions conducted on the Brazilian non-organized over-the-counter market with intermediation, the withholding income tax of 0.005% will also apply and can be offset against the eventual income tax due on the capital gain.
 In the case of a redemption of preferred or common shares or ADSs or a capital reduction made by us, the positive difference between the amount received by the non-Brazilian holder and the acquisition cost of the preferred or common shares or ADSs redeemed or reduced is treated as capital gain derived from the sale or exchange of shares not carried out on a Brazilian stock exchange market and is therefore generally subject to the above rates. See “Tax – Taxation of Dividends – Clarifications on Non-Brazilian Holders Resident or Domiciled in a Low or Nil Tax Jurisdiction” in this annual report.
 Any exercise of preemptive rights relating to the preferred or common shares will not be subject to Brazilian taxation. Any gain