tax regime can be renewed for 20 years

The Minister of Mines and Energy, Fernando Coelho Filho, reported on 29 November that the government intends to renew for 20 years the special tax regime Repetro – customs procedure that facilitates the import and export of goods for the oil industry, in jail oil and gas, and ending in 2019.

According to Coelho, the expectation is that we can soon announce the renewal of the program. How the auctions will only happen in the first half of 2017 there is still time for that to discuss the subject with States. The minister also said the government is "closing the text" review of the local content policy and a meeting of the National Energy Policy Council (CNPE) to examine the issue on December 14.

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