Company: MT
Filing Date: 2025-03-10
Form Type: 20-F
Source: 0001243429-25-000017
Chunk: 467

Company: ArcelorMittal
Filing Date: 2025-03-10
Form: 20-F
Chunk 467
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 concept of production inputs in the context of these taxes. In four of the cases, the tax assessments have been partially reduced and ArcelorMittal Brasil's subsequent appeals to dispute the remaining amounts are currently pending. One of

293

| Consolidated financial statements                          |
| (millions of U.S. dollar, except share and per share data) |

these cases has already closed at the administrative level and is pending a decision at the first judicial level. In the fifth case, the administrative tribunal of the first instance upheld the tax assessment in March 2017, and ArcelorMittal Brasil appealed to the second instance of the administrative tribunal. In the sixth case, the first instance of the administrative tribunal issued an unfavorable decision in April 2017, and ArcelorMittal Brasil appealed to the second instance of the administrative tribunal. Subsequently, the Superior Court decided two leading cases, not involving ArcelorMittal Brasil, that are expected to strengthen ArcelorMittal’s defense in the sixth case in which part of the contingency is related to scrap acquisition. In February 2011, ArcelorMittal Brasil also filed a claimant individual lawsuit on the PIS/COFINS credits over scrap acquisition matter, in which a favorable and unappealable decision was issued in May 2022. Accordingly and as a result of this legal clarification, in 2022, ArcelorMittal recorded PIS/COFINs tax credits in cost of sales in the amount of 300 with respect to prior periods. In September 2024, the second case was upheld in the administrative tribunal of second instance, with the appeal being partially granted in relation to credits on the following expenses: (i) scrap acquisition freight not subject to the payment of contributions under the terms of CARF summary no. 188; (ii) waste recovery: (iii) analysis services, water treatment and recovery and (iv) personal protective equipment. ArcelorMittal Brasil was notified of such decision in January 2025 and is waiting for the Federal Revenue Service to recalculate the remaining amount of the debt. In May 2014, ArcelorMittal Comercializadora de Energia received a tax assessment from the state of Minas Gerais alleging that the Company did not correctly calculate tax credits on interstate sales of electricity from February 2012 to December 2013. The amount claimed totals 33 . Following the conclusion of this proceeding at the administrative level, the Company received the tax enforcement notice in December 2015 and filed its