Skip to main content

Legal Update

State Law No. 7.183/2015: The ICMS levy on oil extraction in the State of Rio de Janeiro

5 January 2016
Tauil & Chequer Legal Update

On December 30, 2015, State Law No. 7.183/2015 was published in the Official Gazette. The law establishes a new ICMS taxation system for the exploration and production of oil.

In accordance with Article 2 of the Law, the ICMS tax collection will occur immediately after the oil extraction, when the product passes through the Production Measuring Points.

Similar in scope to Law No. 4117/2003 - "Lei Noel", Law No. 7.183/2015 is an attempt by the State of Rio de Janeiro to increase its tax revenues related to oil extraction. This is a departure from previous ICMS collection rules because the tax will be levied within the State of origin.

Among other provisions, it is important to highlight that Law No. 7.183/2015 establishes the trader, the industry, the producer and the extractor as the taxpayer, regardless of whether or not they be the direct concessionaire. It also defines the tax rate at 18%.

The aforementioned Law will come into force 90 (ninety) days after its publication.


  • Carolina M. Bottino
    T +55 21 2127 4217

Related People

  • Ivan Tauil
    T + 55 21 2127 4213
  • Guido Vinci
    T +55 21 2127 4230
  • Eduardo Maccari Telles
    T + 55 21 2127 4229
  • Ana Luiza Martins
    T +55 11 2504 4626
  • Celso Grisi
    T +55 11 2504 4671
The Build a Report feature requires the use of cookies to function properly. Cookies are small text files that are placed on your computer by websites that you visit. They are widely used in order to make websites work, or work more efficiently. If you do not accept cookies, this function will not work. For more information please see our Privacy Policy

You have no pages selected. Please select pages to email then resubmit.