State also paid R $ 270.3 billion in taxes in Brazil, especially ICMS and Royalties
Announced it to have distributed R $ 100.3 billion in dividends and interest on equity in 2024. The information is found in the state’s tax report released on Wednesday (12.mar.2025). Here’s (PDF – 4 MB).
In the period, the state -owned company paid R $ 270.3 billion in PGOV (taxes and governmental appearances) in Brazil, an increase of 13% over the previous year.
In the federative sphere, the amount was distributed as follows:
- R $ 101.9 billion intended for federal government;
- R$ 104,9 billions to States; e
- R $ 1.4 billion to the municipalities.
Government appearances totaled R $ 62 billion, compounds mostly royalties (R $ 38.1 billion) and special participation (R $ 23.6 billion).
Among the states, São Paulo received the largest volume of ICMS (Tax on Circulation of Goods and Services) collected by Petrobras (R $ 23.4 billion), followed by Minas Gerais (R $ 14.3 billion) and Rio Grande do Sul (R $ 8.1 billion).
Already the 10 most benefited municipalities concentrated 68% of the total collected, especially Macaé (RJ), which received R $ 317.5 million.
Abroad, the company collected US $ 206 million in taxes.
Fuel weight
The survey indicated that taxes continue to represent a significant part of fuels.
In the case of gasoline, Petrobras’s in the final price for the consumer was R $ 2.21 per liter, while taxes corresponded to R $ 2.06 (ICMS, PIS/Cofins, OE Cide).
For diesel, the taxes totaled R $ 1.38 per liter.
In LPG (liquefied petroleum gas), known as, the taxes represented R $ 42.04 in the average price of the 13 kg cylinder.
Impacts of Tax Reform
The survey also addressed the effects of, approved in 2023. The new standard replaces 5 taxes (IPI, PIS, COFINS, ICMS and ISS) by IBS (Tax on Goods and Services) and CBS (Contribution on Goods and Services).
The fuel sector will have a specific regime, and Petrobras will continue to benefit by the suspension of investments in oil and gas exploration.
Petrobras mentioned that the transition from the current tax system to the new model will be made gradually from 2026 to 2033. The new regime determines the implementation of IBS and CBS from 2026 on an experimental basis, with effective rates from 2027.
In 2029, the progressive reduction of ICMS and ISS (Tax on Services of Any Nature) begins, being completely replaced by 2033. In addition, an IS (selective tax) will be applied to fossil fuels such as oil and natural gas, but its rate will still be defined.
The state highlights that the change will bring greater predictability and simplification in the collection, but may impact the structure of fuel prices and petrochemical inputs, requiring adaptations in supply contracts and logistics operations.
