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IBIT praises the imposition of a tax on crude oil exports

“Brazil has the capacity to produce and refine its oil in the country,” the entity said.

247 – The Society of Petrobras Engineers (Aepet) showed a positive stance on Thursday (8) on the provisional tax on crude oil exports of Provisional Measure (MP) 1163/23, which also determined the return of the collection of PIS / Pasep and Cofins in fuel operations. Lula’s government set the tax rate at 9.2%. The new rule went into effect last March and is expected to last four months.

The organization said that “Brazil has the capacity to produce and refine its oil in the country.” “Taxation of exported crude oil is the first commendable measure of the present federal government in the oil and energy sector. It is in line with our proposal to have restrictions on these exports, which already account for half of the oil produced in the country and reinforce the colonial cycle of the primary exported kind.”

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The Corporation stated that another necessary measure to restore a favorable economic environment due to the predictability of fuel trade prices is the re-nationalization of BR Distribuidora.

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