Company: PBR
Filing Date: 2025-09-05
Form Type: 424B2
Source: 0001104659-25-087755
Chunk: 73

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-09-05
Form: 424B2
Chunk 73
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 such credit can be applied (subject to generally
applicable conditions and limitations) against tax due on other income treated as derived from foreign sources. If the Brazilian tax is
not a creditable tax, the tax would reduce the amount realized on the sale or other disposition of the Notes even if the U.S. holder has
elected to claim a foreign tax credit for other taxes in the same year. The temporary guidance discussed above also indicates that the
Treasury and the IRS are considering proposing amendments to the December 2021 regulations and that the temporary guidance can be
relied upon until additional guidance is issued that withdraws or modifies the temporary guidance. U.S. holders should consult their own
tax advisors regarding the application of the foreign tax credit rules to a sale or other disposition of the Notes and any Brazilian
tax imposed on such sale or disposition.

Specified Foreign Financial Assets

Individual U.S. holders that
own “specified foreign financial assets” with an aggregate value in excess of $50,000 on the last day of the taxable year
or $75,000 at any time during the taxable year are generally required to file an information statement along with their tax returns, currently
on U.S. Internal Revenue Service (“IRS”) Form 8938, with respect to such assets. “Specified foreign financial assets”
include any financial accounts held at a non-U.S. financial institution, as well as securities issued by a non-U.S. issuer (which may
include Notes issued in certificated form) that are not held in accounts maintained by financial institutions. Higher reporting thresholds
apply to certain individuals living abroad and to certain married individuals. Regulations extend this reporting requirement to certain
entities that are treated as formed or availed of to hold direct or indirect interests in specified foreign financial assets based on
certain objective criteria. U.S. holders who fail to report the required information could be subject to substantial penalties. In addition,
the statute of limitations for assessment of tax would be suspended, in whole or part. Prospective investors should consult their own
tax advisors concerning the application of these rules to their investment in the Notes, including the application of the rules to
their particular circumstances.

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Information Reporting and Backup Withholding

Information returns will be
filed with the IRS in connection with payments on the Notes made to, and the proceeds of dispositions of Notes effected by, a holder that
is a United States person (as defined in the Code).