HOME

LAW FIRM

TEAM

OFFICE PERFORMANCE

PUBLICATIONS

CONTACT

OMBUDSMAN

Tax reform, NFS-e and Petrobras supplier chain financing programs

Petrobras’ live session held on January 22 addressed strategic issues related to Tax Reform, fiscal standardization, and financing mechanisms for the supplier chain, with emphasis on the operational and financial impacts expected from 2026 onward.

In the context of the Tax Reform, Petrobras highlighted challenges arising from the restructuring of service taxation, particularly regarding the Services Tax (ISS). The National Electronic Service Invoice (NFS-e) was presented as a key tool for standardization and transparency, along with a monitoring dashboard tracking municipal adherence to the national model. The session reinforced the importance of correctly issuing the NFS-e and clearly defining contractual clauses related to the economic unit and the municipality entitled to collect the ISS, in order to mitigate tax risks.

The discussion also covered Petrobras’ supplier financing initiatives. The Progredir Program focuses on contract advances, structured through banking lock mechanisms and based on supplier risk, and has already enabled financing exceeding BRL 4.5 billion, mainly via FMM/BNDES.

The Mais Valor Program provides invoice advance payments through a reverse factoring model, with lower risk, same-day settlement, and more competitive rates. Finally, Petrobras announced that the Mais Valor platform will be managed by G&PNet, with implementation expected in the first half of 2026.

Photo: Canva

MORE PUBLICATIONS

Biofuels diplomacy and Brazil’s low-carbon positioning

Biofuels diplomacy and Brazil’s low-carbon positioning

Brazil has intensified its international biofuels agenda in Germany amid ongoing regulatory review, reinforcing the country’s ambition to position biofuels as part of the global energy transition. Market Impact This movement may support: greater international...

Oil royalties remain under judicial review

Oil royalties remain under judicial review

The STF is resuming the judgment of the long-standing dispute over the redistribution of oil royalties, involving the constitutionality of Law No. 12,734/2012 and its impact on producing and non-producing states. At the same time, ANP recently distributed R$ 4.9...

Gas tariff review enters decisive phase

Gas tariff review enters decisive phase

Brazil’s natural gas transportation tariff review has entered a critical phase, with discussions around the valuation of the Regulatory Asset Base and the potential impact on pipeline remuneration. Market Impact The review may affect: transportation costs for gas...