Company: PBR
Filing Date: 2025-09-05
Form Type: 424B2
Source: 0001104659-25-087755
Chunk: 71

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-05
Form: 424B2
Chunk 71
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.S. federal income taxation on a net income basis in respect of the Note.

Tax Consequences to U.S. Holders of Holding and Disposing of Notes

Payments of Interest and Additional Amounts

The gross amount of stated
interest and additional amounts (i.e., without reduction for withholding tax at the appropriate Brazilian withholding tax rate applicable
to the U.S. holder) will be taxable to a U.S. holder as ordinary interest income at the time it accrues or is actually or constructively
received, in accordance with the holder’s method of accounting for U.S. federal income tax purposes. It is expected, and this discussion
assumes, that the Notes will be issued without original issue discount (“OID”) for U.S. federal income tax purposes. In general,
however, if the Notes are issued with OID at or above a de minimis threshold, a U.S. holder will be required to include OID in gross income,
as ordinary income, under a “constant-yield method” before the receipt of cash attributable to such income, regardless of
the U.S. holder’s regular method of accounting for U.S. federal income tax purposes.

Subject to generally applicable
limitations and conditions, Brazilian interest withholding tax (if any) paid at the appropriate rate applicable to the U.S. holder may
be eligible for credit against such U.S. holder’s U.S. federal income tax liability. These generally applicable limitations and
conditions include requirements adopted by the IRS in regulations promulgated in December 2021 and any Brazilian tax will need to
satisfy these requirements in order to be eligible to be a creditable tax for a U.S. holder. In the case of a U.S. holder that consistently
elects to apply a modified version of these rules under temporary guidance and complies with specific requirements set forth in such
guidance, any Brazilian tax on interest generally will be treated as meeting the requirements and therefore as a creditable tax. In the
case of all other U.S. holders, the application of these requirements to any Brazilian tax on interest is uncertain and we have not determined
whether these requirements have been met. If the Brazilian interest tax is not a creditable tax or the U.S. holder does not elect to claim
a foreign tax credit for any foreign income taxes paid or accrued in the same taxable year, the U.S. holder may be able to deduct the
Brazilian tax in computing such U.S. holder’s taxable income for U.S. federal income tax purposes.