Of the 2025 total, R$68.6 billion corresponds to government participations, including R$39.7 billion in oil extraction royalties and R$21.5 billion in special participation fees from high-output fields. These funds initially remit to the National Petroleum Agency (ANP), which allocates payments among the federal government, states, and municipalities. Petrobras alone accounted for 65% of all AFN participation revenues in 2025.
At the federal level, the Union received R$161.9 billion, representing 6% of all federal collection. This segment comprised chiefly corporate income taxes (IRPJ, CSLL) and levies on revenue (PIS, Cofins). States collected R$113.8 billion in ICMS taxes, equating to 14% of total state tax receipts, which rose to R$132.9 billion with participations included. Top beneficiary states were Rio de Janeiro (R$26 billion), São Paulo (R$24.4 billion), and Minas Gerais (R$15.3 billion). Municipalities received R$1.9 billion mostly via ISS and IPTU, with 271 municipalities across 22 states supported. Macaé (RJ) led at R$395.9 million.
Petrobras’ tax responsibility extends to acting as a collection agent via substitution tax regimes, consolidating fiscal remittances along the supply chain. Internationally, the company paid approximately US$448.6 million (R$2.3 billion) in taxes across countries including the Netherlands, the U.S., and Colombia.
Operating through 477 branches in 22 states and 128 municipalities, Petrobras posted a net profit of R$110 billion in 2025 and distributed R$45.2 billion in dividends, predominantly benefiting the Brazilian government as its main shareholder. Petrobras’ extensive fiscal contributions emphasize its entrenched role in Brazil’s energy sector and public finance infrastructure.
This article was curated and published as part of our South American energy market coverage.
