AMENDMENT TO THE REGULATION OF THE SPECIFIC RULES FOR THE TAXATION AND TAX BENEFITS OF PETROLEUM OPERATIONS

Decree No. 77/2022 of December 30, 2022 (hereinafter the "New Decree"), which amends the Regulations of the Specific Regime for Taxation and Tax Benefits of Petroleum Operations, approved by Decree No. 32/2015 of December 31, 2015 (hereinafter the "Previous Decree"), entered into force on January 1, 2023.

This amendment partially covers articles 9, 10, 11, 14 and 24, of the Previous Decree, regarding essentially the Petroleum Production Tax, and the Corporate Income Tax, also introducing a new provision that confers advantage of reduction of accounting procedures to taxpayers.

The following are reported as relevant aspects, to be taken into account by taxpayers under the New Decree, and for the purposes of each tax: 

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