Rio state approves oil industry tax rules

Industry breathes a sigh of relief as Rio legislature okays long-term tax relief for imported equipment

Welcome: Christ The Redeemer statue, arms open, atop Corcovado mountain, as Rio de Janeiro's state legislature puts an end to uncertainty about whether imported oil sector equipment would continue to enjoy the benefits of the Repetro tax relief
Welcome: Christ The Redeemer statue, arms open, atop Corcovado mountain, as Rio de Janeiro's state legislature puts an end to uncertainty about whether imported oil sector equipment would continue to enjoy the benefits of the Repetro tax reliefPhoto: AFP/SCANPIX
Published 18 June 2020, 09:21Updated 18 June 2020, 09:21