January 21, 2020 / 10:51 PM / a month ago

Brazil's Petrobras loses $2 bln tax dispute, will not re-classify potential loss

RIO DE JANEIRO, Jan 21 (Reuters) - Brazilian state-run oil firm Petrobras has lost an appeal regarding 9 billion reais ($2.14 billion) of disputed taxes dating from 2011 and 2012, the company said on Tuesday, adding that it was not changing how the disputed taxes were classified on its balance sheet.

In a securities filing, Petroleo Brasileiro SA, as the firm is formally known, said it will "take the appropriate judicial measures in its defense."

($1 = 4.21 reais)

Reporting by Gram Slattery Editing by Leslie Adler

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below