Petrobras agrees to pay Brazil $508 mln to settle tax dispute

jueves 16 de julio de 2015 21:10 GYT

RIO DE JANEIRO, July 16 (Reuters) - Brazil's state-run oil company Petroleo Brasileiro SA said late Thursday that it paid 1.6 billion reais ($508 million) to settle part of a tax dispute with Brazilian authorities and will take the charge against earnings in second-quarter results.

The charge includes 1.2 billion reais in back taxes and 400 million reais in fines, the company, known as Petrobras, said in a statement.

($1 = 3.1522 Brazilian reais)

(Reporting by Jeb Blount; Editing by Lisa Shumaker)