Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 241

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 241
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 is effectively managed in the   
    Netherlands, other than by way of securities, and to which enterprise the notes are attributable;
                                                   and                                               
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Annual Report and Form 20-F 2024 |

–                                                if                                            
      such holder is an individual, the holder is not entitled to a share in the profits of an 
    enterprise that is effectively managed in the Netherlands, other than by way of securities,
                        and to which enterprise the notes are attributable.                    
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 A holder of notes will not be treated as a resident of the Netherlands by reason only of the execution, delivery or enforcement of its rights and obligations connected to the notes, the issue of the notes or the performance by PGF of its obligations under the notes.
 
Gift and Inheritance Taxes
 No gift or inheritance taxes will arise in the Netherlands with respect to an acquisition or deemed acquisition of notes by way of a gift by, or on the death of, a holder of notes who is neither resident nor deemed to be resident in the Netherlands for the relevant provisions, unless:

–                                                 in                                              
      case of a gift of the notes under a suspensive condition by an individual who at the date   
    of the gift was neither resident nor deemed to be resident in the Netherlands, such individual
      is resident or deemed to be resident in the Netherlands at the date of (i) the fulfillment  
     of the condition or (ii) his/her death and the condition of the gift is fulfilled after the  
                                      date of his/her death; or                                   
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–                                                in                                            
     case of a gift of notes by an individual who at the date of the gift or, in case of a gift
     under a suspensive condition, at the date of the fulfillment of the condition was neither 
    resident nor deemed to be resident in the Netherlands, such individual dies within 180 days
     after the date of the gift or fulfillment of the condition, while being resident or deemed
                                 to be resident in the Netherlands.                            
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 For purposes of Dutch gift and inheritance taxes, amongst others, a person who holds the Dutch nationality will be deemed to be resident in the Netherlands if such person has been resident in the Netherlands at any time during the ten years preceding the date of the gift or such person’s death. Additionally, for purposes of Dutch gift tax, amongst others, a person not holding the Dutch nationality will be deemed to be resident in the Netherlands if such person has been resident in the Netherlands at any time during the twelve months preceding