Amendments to the Brazilian petroleum tax legislation: federative conflicts and impacts on industry

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The present research paper examines the implications for the oil industry of some proposed changes to Brazilian legislation with the advent of the reserves discovered in the pre-salt layer. It seeks to demonstrate the extent to which changes in the sharing of revenues – from government participation in the production – affect the volume of taxes paid by oil companies. The paper begins by describing the national tax system and its federal, state and municipal taxes. Then it analyses the forms of government participation in production and how such revenues are shared between federal entities. It ends with an analysis of the level of government intake and proposals for amending the oil law, concluding that the loss of revenues from the producing states and municipalities will impact, albeit indirectly, on the level of taxes paid by industry.

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Rodrigo Marcussi Fiatikoski on:

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