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Brazil Petrobras receives tax assessment for $17b reais

Brazil Petrobras receives tax assessment for $17b reais

BRASILA: Brazil’s state controlled oil company Petroleo Brasileiro said on Tuesday it has received a tax assessment for 17 billion reais ($5.22 billion) related to international money transfers to hire freight services in 2013.

Petrobras said another 45 billion reais are currently in dispute with tax authorities for a similar issue. The company will analyze whether to take advantage of an installment plan to pay part of the assessment, it added.