Brazil's Petrobras loses tax income case, will appeal
Reuters
Published Oct 23, 2017 12:18
Brazil's Petrobras loses tax income case, will appeal
BRASILIA (Reuters) - Brazil's Petróleo Brasileiro SA (SA:PETR4) said a federal court ruled against the oil firm in a 8.8 billion real (£2.1 billion) case over income tax payment in platform leasing contracts, the company said in a statement on Monday.
Petrobras, as the company is known, said it would appeal the ruling made by the third group of the Federal Regional Court of the 2nd Region (TRF2), based in Rio de Janeiro.
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Written By: Reuters
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