Rio de Janeiro, October 19, 2017 - Petróleo Brasileiro S.A. - Petrobras informs that the Administrative Board of Tax Appeals (CARF) issued yesterday a decision, unanimously, in favor of the company, in an fiscal administrative proceeding in the amount of R$ 7.8 billion, related to the moment of deductibility of expenses incurred by Petrobras in the development of oil and gas production, for purposes of calculating Corporate Income Tax (IRPJ) and Social Contribution on Net Profit (CSLL), of the 2010 fiscal year.

The information pertaining to this matter is included in the financial statements for the 2nd quarter of 2017, under explanatory note 29 (Provisions for legal proceedings - item 29.3 - Contingent liabilities).

PETROBRAS - Petróleo Brasileiro SA published this content on 19 October 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 19 October 2017 12:31:10 UTC.

Original documenthttp://www.investidorpetrobras.com.br/en/press-releases/favorable-decision-carf-concerning-deductibility-production-development-expenditures-purposes-irpj

Public permalinkhttp://www.publicnow.com/view/D4D6F945D6657BA635982D9F79E4AD15CD896F21