Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 238

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 238
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of, and all of which are subject to change or to different interpretation, possibly with retroactive effect. Any such change may invalidate the contents of this section, which will not be updated to reflect such change. Where the text refers to the “Netherlands” or “Dutch”, it refers only to the part of the Kingdom of the Netherlands located in Europe. In addition, the summary is based on the assumption that the notes issued by PGF do not qualify as equity for Dutch tax purposes.
 For Dutch tax purposes, a holder of notes may include, without limitation:
 
–                                                  an                                               
    owner of one or more notes who, in addition to the title to such notes, has an economic interest
                                             in such notes;                                         
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–                                             a                                          
    person who or an entity that holds the entire economic interest in one or more notes;
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–                                                 a                                               
    person who or an entity that holds an interest in an entity, such as a partnership or a mutual
      fund, that is transparent for Dutch tax purposes, the assets of which comprise one or more  
                                              notes; and                                          
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Annual Report and Form 20-F 2024 |

–                                                  an                                               
        individual who or an entity that does not have the legal title to the notes, but to whom    
    the notes are attributed based either on such individual or entity holding a beneficial interest
    in the notes or based on specific statutory provisions, including statutory provisions pursuant 
      to which the notes are attributed to an individual who is, or who has directly or indirectly  
        inherited the notes from a person who was, the settlor, grantor or similar originator of    
                      a trust, foundation or similar entity that holds the notes.                   
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 The discussion below is included for general information purposes only and is not Dutch tax advice or a complete description of all Dutch tax consequences relating to the acquisition, holding and disposal of the notes. Holders or prospective holders of notes should consult their own tax advisers as to the Dutch tax consequences of purchasing, including, without limitation, the consequences of the receipt of interest and the sale or other disposition of notes or coupons, in light of their particular circumstances.
 
Withholding Tax
 All payments of interest and principal made by or on behalf of PGF under the notes to holders of notes may be made free of withholding or deduction of, for or on account of any taxes of any nature imposed, levied, withheld or assessed by the Netherlands or any political subdivision or