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Brazilian court rules against Petrobras in $193 million tax case

Petrobras

 

SAO PAULO (Reuters) – Brazil’s Superior Court of Justice has denied state-run oil company Petrobras an appeal against the collection of some 987 million reais ($192.68 million) in taxes, the company said late on Tuesday.

The taxes relate to sales of oil derivatives from March 2002 to October 2003, Petrobras said in a securities filing. The firm said it would assess whether a fresh appeal could be lodged against the decision.

($1 = 5.1225 reais)

 

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