Petrobras : Tax Report 4Q22

TAX REPORT 2022

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INDEX

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1- MESSAGE FROM MANAGEMENT	3
2- TAXES AND GOVERNMENT TAKE PAID IN BRAZIL	5
3- COMPANY'S TAXES	7
4- WITHHOLDING TAXES FROM THIRD PARTIES	9
5- GOVERNMENT TAKE IN DIFFERENT REGULATORY REGIMES	11
6- GOVERNMENT TAKE PAID	13
7- TAXES BY GOVERNMENT LEVEL	14
8- RELEVANCE OF PETROBRAS IN ICMS (VAT) COLLECTIONS	18
9- TRANSPARENCY ON FUEL PRICE FORMATION	19
10 - TAXES PAID BY COMPANIES CONTROLLED BY PETROBRAS IN BRAZIL	26
11- TAXES PAID ABROAD	27
12- COMPLIANCE AND TAX RISK MANAGEMENT	28
13- SOCIAL COMMITMENT AND RESPONSIBILITY WITH LIFE	30
14- TAX POLICY	31
GLOSSARY	32

TAX REPORT 2022

2

1- MESSAGE FROM MANAGEMENT

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1- MESSAGE FROM MANAGEMENT

2- TAXES AND GOVERNMENT TAKE PAID IN BRAZIL

3- COMPANY'S TAXES

4- WITHHOLDING TAXES FROM THIRD PARTIES

5- GOVERNMENT TAKE IN DIFFERENT REGULATORY REGIMES

6- GOVERNMENT TAKE PAID

7- TAXES BY GOVERNMENT LEVEL

8- RELEVANCE OF PETROBRAS IN ICMS (VAT) COLLECTIONS

9- TRANSPARENCY ON FUEL PRICE FORMATION

10- TAXES PAID BY COMPANIES CONTROLLED BY PETROBRAS IN BRAZIL

11- TAXES PAID ABROAD

12- COMPLIANCE AND TAX

RISK MANAGEMENT

13- SOCIAL COMMITMENT AND RESPONSIBILITY WITH LIFE

14- TAX POLICY

GLOSSARY

In 2022, Petrobras achieved its annual tax contribution record, collecting a total of R$ 279 billion in taxes and Government Take (Gov. Take) in Brazil and US$ 134 million paid abroad. In addition to the amount paid to public coffers, we also highlight the R$ 194 billion distributed in the form of dividends, from a cash basis perspective, which further corroborates our relevant contribution to society, generating wealth with sustainability, efficiency, security and responsibility.

Due to the large payments of taxes in which our operations are inserted and our non-negotiable commitment to transparency, we were the first Brazilian company listed in the domestic stock market to voluntarily prepare and disclose a statement of taxes paid, this being the fourth annual edition of this report, which has more succinct versions every quarter. This statement brings to the public not only the details of taxes and Gov. Take paid, but also the context of taxation in which the Company is inserted and the impact of taxes on the formation of fuel prices.

It should be noted that, in the last five years, Petrobras has already collected more than R$ 1 trillion in taxes and government take in favor of the Brazilian government's spheres. This expressive contribution to the public coffers is due to the solid operating and financial results obtained, which result in

greater payment of taxes and enable the distribution of dividends, providing a greater government budget for the execution of public policies that serve society.

Due to the relevance of Petrobras in its operating context and its constant compliance with current legislation, we were elected as one of the representatives in the oil and gas segment in the Cooperative Tax Compliance Program, established by the Federal Revenue Service of Brazil, called "Confia". The objective of the program is to improve the relationship between the tax authorities and the taxpayer, bringing greater legal certainty to the tax process. We are also certified in the Authorized Economic Operator (AEO) program by the Federal Revenue and hold several awards related to the transparency and technical quality of our financial statements, which we carry with pride and seriousness. Conducting tax management based on ethics, integrity, transparency, efficiency and social responsibility is a basic principle of our tax policy and this recognition is evidenced by the certifications we have achieved.

On January 26, 2023, Petrobras' Board of Directors approved the tax policy applicable to the company and its equity participations. "The policy reiterates Petrobras' commitment to ensuring that tax management, which includes taxes and

government take, adheres to the legislation in force in Brazil and in the countries where the company operates. In addition, the policy reinforces the principle that tax management is based on ethics, integrity, transparency, efficiency and social responsibility, contributing to the social and economic development of Brazil and the countries where Petrobras operates", states Rodrigo Araujo, Chief Financial and Investor Relations Officer (CFO) at Petrobras.

The company's tax policy's guideline is to comply with tax legislation in Brazil and in the countries where Petrobras operates, defining the company's strategy based on the technical interpretation of norms, standards and processes, aligned with the business purpose and tax risk management. Petrobras is committed to not having equity participation interests in jurisdictions recognized as favored taxation, as well as to observing the Transfer Price rules valid in Brazil and in the countries in which it operates, in relation to all transactions with related or unrelated parties, when required by law.

TAX REPORT 2022

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1- MESSAGE FROM MANAGEMENT

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1- MESSAGE FROM MANAGEMENT

2- TAXES AND GOVERNMENT TAKE PAID IN BRAZIL

3- COMPANY'S TAXES

4- WITHHOLDING TAXES FROM THIRD PARTIES

5- GOVERNMENT TAKE IN DIFFERENT REGULATORY REGIMES

6- GOVERNMENT TAKE PAID

7- TAXES BY GOVERNMENT LEVEL

8- RELEVANCE OF PETROBRAS IN ICMS (VAT) COLLECTIONS

9- TRANSPARENCY ON FUEL PRICE FORMATION

10- TAXES PAID BY COMPANIES CONTROLLED BY PETROBRAS IN BRAZIL

11- TAXES PAID ABROAD

12- COMPLIANCE AND TAX

RISK MANAGEMENT

13- SOCIAL COMMITMENT AND RESPONSIBILITY WITH LIFE

14- TAX POLICY

GLOSSARY

the tax obligation.

Thus, maintaining the commitment made to our stakeholders and society, we will explain Petrobras' tax contribution, detailing the amounts paid in Brazil and abroad in the form of taxes and government take in 2022, under the cash basis view. In this way, all the values presented in this statement represent the effective outflow of resources from the Company's cash to comply with

R$ 279

billion

in Taxes + Gov Take paid in Brazil

US$ 134

million

in Taxes paid abroad

R$194

billion

distributed in the form of proceeds

"Honored by the exceptional results achieved in 2022, we present another version of our tax report, highlighting the relevance of our tax payments and government participation, which are intrinsically related to our operating result. A healthy, solid and resilient Petrobras is capable of investing, creating jobs, paying taxes and returning value to society and its shareholders efficiently and sustainably."

Rodrigo Araujo Alves

CFO of Petrobras

TAX REPORT 2022

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2- TAXES AND GOVERNMENT TAKE PAID IN BRAZIL

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1- MESSAGE FROM MANAGEMENT

2- TAXES AND GOVERNMENT TAKE PAID IN BRAZIL

3- COMPANY'S TAXES

4- WITHHOLDING TAXES FROM THIRD PARTIES

5- GOVERNMENT TAKE IN DIFFERENT REGULATORY REGIMES

6- GOVERNMENT TAKE PAID

7- TAXES BY GOVERNMENT LEVEL

The payments made by Petrobras, as fulfilled in this report, cover two types of taxes:

1. company's taxes, that is, those calculated and collected by the company itself, or owed by the company but withheld by third parties;
2. the taxes withheld from third parties by Petrobras as a tax substitute. Petrobras withholds taxes in its commercial operations with customers and suppliers, as defined in the tax legislation.

The Tributary Substitution technique is widely disseminated in the National Tax

COMPARATIVE OF TAXES AND GOVERNMENT

TAKE PAID IN BRAZIL (R$ Billion)

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2022												279
		149.4			46.9		82.7
													202.9
2021		101.5			46.7		54.7
						Taxes withheld				Government
			Company's
			taxes		from third parties			take

8- RELEVANCE OF PETROBRAS IN ICMS (VAT) COLLECTIONS

9- TRANSPARENCY ON FUEL PRICE FORMATION

10- TAXES PAID BY COMPANIES CONTROLLED BY PETROBRAS IN BRAZIL

11- TAXES PAID ABROAD

12- COMPLIANCE AND TAX

RISK MANAGEMENT

13- SOCIAL COMMITMENT AND RESPONSIBILITY WITH LIFE

14- TAX POLICY

GLOSSARY

System and seeks to promote a concentration of collection in a few economic agents, in order to facilitate the collection and inspection of taxes, being applied to taxes withheld in the purchase of goods and services from our suppliers, as well as in fuel sales, where refineries are responsible for collecting taxes from the entire commercialization chain.

We recorded an increase of 37.5% in total collection, compared to 2021, mainly driven by the payment of Income Tax, Social Contribution and Government Take. Of the total paid by Petrobras to public coffers, R$149.4 billion correspond to taxes related to its operations; R$ 82.7 billion in government take (mainly Royalties and

Special Participation) and R$ 46.9 billion in taxes withheld from third parties, since the company has a legal duty to collect payments throughout the chain, as a tax substitute.

Regarding the taxes of our operations, it should be noted that the company collected a total of BRL 58.2 billion in Income Tax (IRPJ) and Social Contribution (CSLL), with an increase of R$ 47.9 billion when compared to the previous year. This increase is mainly related to the best operational result.

With regard to Government Take, the main factors that contributed to the significant increase in the payment of royalties and special participation were the appreciation

in the price of commodities, combined with the conclusion of the gradual transition period of the previous criterion for calculating the reference price, based on ANP Ordinance 206/1998, for the criteria defined in ANP Resolution 703/2017. Further details on Gov.Take can be obtained in the specific chapters for the subject, where the amounts paid, regulatory regimes and calculation method are detailed.

TAX REPORT 2022

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