Brazil's Oil and Gas Sector Discusses Tax Reform Impact at Firjan Seminar

Experts convened at a two-day seminar in Rio de Janeiro, organized by Firjan in partnership with Infis Consultoria, to analyze the impact of Brazilian tax law on strategic decisions within the oil and gas sector. A key focus was the ongoing tax reform and its implications for the energy industry. Gisela Gadelha, Compliance and Legal Director at Firjan, highlighted the reform's potential benefits in simplification and transparency for the industry and the country's productive sector, while also noting the need for further regulation to ensure a positive business environment. Eduardo Pontes, partner at Infis, emphasized the event's role in addressing the energy transition and strengthening the business environment, with participation from accountants, lawyers, consultants, and directors across various sectors. Claudio Nunes, Executive Director of E&P at the Brazilian Institute of Petroleum (IBP), underscored the sector's significant economic contribution, representing 17% of Brazil's industrial GDP and supporting 1.6 million jobs. Participants like Francisco Bulhões from PRIO and Tabita Loureiro from PPSA also discussed the challenges posed by the current tax system and the development of pre-salt production.