Government Renews Oil Export Tax; Companies Will Go to Justice
2 Articles
2 Articles
The government's decision to maintain for 60 days the levy of the oil export tax, corresponding to 12% of the gross revenue of sale of the input, is negative and has an impact on the oil company's box. On Thursday (9), the Chamber of Foreign Trade (Camex), of the Ministry of Development, Industry and Trade (Mdic) maintained the aliquot for the next two months, on the eve of the loss of effectiveness of the Provisional Measure (MP) 1.340/2026, fr…
The government decided to renew the 12% tax on oil exports established in March – and the companies in the sector are already preparing their lawyers to question the measure again in the courts. When the tax was first created, in 2023, Brasília's promise was that it would be temporary and exceptional. In March of this year, the measure returned with the same speech and – surprise: it has now been extended for another 60 days. Both in 2023 and th…
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