US EditionBrazilian Judge Suspends 12% Crude Oil Export Tax for Five International Oil Companies
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3 Articles
Brazilian judge suspends 12% crude oil export tax for five international oil companies
A federal judge in Rio de Janeiro issued a preliminary injunction suspending the 12% crude oil export tax for five international companies operating in Brazil: Shell, TotalEnergies, Equinor, Repsol Sinopec and Petrogal. The ruling represents an initial court victory for the oil companies in their dispute with President Luiz Inácio Lula da Silva's government over a levy they consider unconstitutional.
The government issued a decree establishing a 12% levy on oil export revenue to compensate for the exemption of PIS/Cofins taxes on diesel, in response to the war scenario.
Federal Judge Humberto de Vasconcelos Sampaio, of the 1st Federal Court of Rio de Janeiro, suspended on Tuesday (April 7, 2026) the collection of the 12% Export Tax on crude oil, instituted by the government of Luiz Inácio Lula da Silva (PT) via a provisional measure announced on March 12. In 2026 alone, the federal government intended to collect approximately R$ 32.1 billion from the tax. According to estimates by the IBP (Brazilian Institute o…
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