Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 218

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 218
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 to agreements (Convênio PETROBRAS x PETROS – 1984 e Convênio PETROBRAS x PETROS – 1986) signed by us and PETROS.

Annual Report and Form 20-F 2024 |

There are no final decisions on the aforementioned proceedings as of the date of this annual report.
 
Natural Gas Distributors
 Since December 2021, we were sued by some natural gas distributors and/or public entities. The requests in the lawsuit seek the extension of the terms of natural gas supply contracts that would have expired in December 2021. Since the prices of natural gas showed a large increase in the last months of 2021, we offered to the natural gas distributors proposals for new contracts with prices aligned with the current natural gas market. However, some natural gas distributors and/or public entities intend to avoid the adjusted prices alleging that we abused our economic power. In some cases, judges granted the injunction to maintain the previous contracts’ prices. We were able to execute agreements to resolve the arbitrations and lawsuits in the cases in which the injunctions were granted.
 Applicable rate 
 Due to the legislative change (Law 14.905/24) and case law regarding the correction of civil debts, the company is assessing the impacts on the reported liability. 
 
Environmental
 Ibama issued fines because of a leak from the OSPAR oil pipeline in Paraná State in July 2000. After the administrative process, there was a court proceeding, and the current decision was unfavorable to us. We appealed and decision on our appeal to the Superior Court is pending.
 For further information on our material legal proceedings, see Note 19 to our audited consolidated financial statements.
 
Tax Proceedings
 We are currently party to legal proceedings relating to tax claims. For further information on our material tax proceedings, see Note 19 to our audited consolidated financial statements.

Annual Report and Form 20-F 2024 |
Tax
 
Tax Strategy and Effect of Taxes on Our Income
 In January 2023, our Board of Directors approved a Tax Policy, in line with the continuous improvement of our governance, establishing principles and guidelines to properly drive our leaders and professionals’ conduct in regard to the development of our tax strategy.
 Our Tax Policy aims to comply with the tax legislation of Brazil and of the countries where we operate, defining our strategy based on the technical interpretation of the rules, standards and processes, aligned with the business purpose and our tax risk management. We assume the commitment of not holding equity interests in low-tax