Brazil's Oil Export Tax Is Back as Court Overturns Industry Injunction
9 Articles
9 Articles
Brazil's Oil Export Tax Is Back as Court Overturns Industry Injunction
A Brazilian appeals court reinstated the 12% crude oil export tax, overturning the injunction won by oil producers four days earlier. The levy has raised about US$1.6 billion through July. The post Brazil’s Oil Export Tax Is Back as Court Overturns Industry Injunction appeared first on The Rio Times.
Car supply with gasoline Marcelo Camargo/Agência Brasil Federal Regional Court (TRF) decision of the 1st Region dropped on Tuesday (1) injunction that had suspended the levy of 12% on oil export tax, after the government filed appeal. Last week, the Federal Justice granted a injunction against the fee on the same day that the Chamber of Foreign Trade (Camex) approved the extension of the tax, which was introduced this year as part of a package o…
The federal government was able to overturn an injunction that suspended the collection of 12% Export Tax on oil. [...]
A decision of the Federal Regional Court (TRF) of the 1st Region dropped on Tuesday the threshold that had suspended the levy of 12% on the export of oil, after the government filed an appeal. Last week, the Federal Justice granted a threshold against the rate on the same day that the Chamber of Foreign Trade [...]
TRF-1 reversed the decision that it had suspended the taxation created to help finance the diesel subsidy amidst the impacts of the war in Iran
TRF-1's disembarkator responded to the Union's appeal and dropped the decision that had suspended the 12% export tax on oil
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