Company: PBR
Filing Date: 2025-02-27
Form Type: 6-K
Source: 0001292814-25-000664
Chunk: 38

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-02-27
Form: 6-K
Chunk 38
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Income taxes are calculated based on a 15% rate
plus additional 10% on the taxable income for the IRPJ, and 9% on taxable income for the CSLL, considering the offset of tax loss carryforwards
and negative basis of the CSLL, limited to 30% of the taxable income of the year. As of 2015, due to the release of Law No. 12,973/2014,
the net income obtained abroad by a direct or indirect subsidiary, or by an associated company, adjusted by dividends and by the result
of equity accounted investments, multiplied by the income taxes rates existing in Brazil, comprise the income taxes expenses.

Income taxes assets refer mainly to tax credits
resulting from the monthly process for estimation and payment of income taxes, in addition to the negative balance of IRPJ and CSLL related
to 2017, 2018, 2019 and 2021. Income taxes within current liabilities refer to the current portion of IRPJ and CSLL to be paid.

Tax settlement programs mainly relate to a notice
of deficiency issued by the Brazilian Federal Revenue Service due to the treatment of expenses arising from the Terms of Financial Commitment
(TFC). These amounts are deductible in determining taxable profit for the calculation of income taxes.The payment term
is 145 monthly installments, indexed by the Selic interest rate, as of January 2018.

Reconciliation between statutory income tax rate and effective income tax rate

The following table provides the reconciliation
of Brazilian statutory tax rate to the Company’s effective rate on income before income taxes:

| 36 |

| INDEX |

|                                                                                                                                                                                                                                                                                                                                                                                |   2024 |    2023 |    2022 |
| Net income before income taxes                                                                                                                                                                                                                                                                                                                                                 | 11,142 |  35,396 |  53,525 |
| Nominal income taxes computed based on Brazilian statutory corporate tax rates (34%)                                                                                                                                                                                                                                                                                           | -3,787 | -12,036 | -18,197 |
| Adjustments to arrive at the effective tax rate:                                                                                                                                                                                                                                                                                                                               |        |         |         |
| Tax benefits from the deduction of interest on capital distributions                                                                                                                                                                                                                                                                                                           |  1,319 |   1,329 |   1,234 |
| Different jurisdictional tax rates for companies abroad                                                                                                                                                                                                                                                                                                                        |    969 |     579 |     822 |
| Brazilian income taxes on