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Brazil Slaps 12% Tax on Oil Exports, Impacting Karoon Energy
10:02am on Friday 13th of March, 2026 AEDT
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Energy
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Brazil Slaps 12% Tax on Oil Exports, Impacting Karoon Energy
10:02am on Friday 13th of March, 2026 AEDT
Key Points
Brazil introduces 12% crude oil export tax from 12 March 2026
Tax framed as windfall profit sharing amid elevated oil prices
Tax effective for 120 days unless ratified by Brazilian Congress
Tax expected to be deductible against corporate income tax
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