Norsk Hydro: Exemption from ICMS tax on fuel oil in Alunorte
(Thomson Reuters ONE) -
The State of Pará in Brazil has decided that, effective from September
10, 2012, ICMS tax will again be collected from the fuel oil
distributors, exempting Hydro's alumina refinery Alunorte from the ICMS tax.
A change took place March 1, 2012, changing the collection point for ICMS tax
from distributors to oil refineries. As reported for second quarter 2012 this
increased Alunorte's costs by approximately NOK 150 million for the quarter.
The amendments now decided by the Governor of Pará will exempt Alunorte from the
ICMS tax on fuel oil, as was also the case prior to March 1, 2012.
Investor contact
Contact    Stian Hasle
Cellular   +47 97736022
E-mail     Stian.Hasle(at)hydro.com
Press contact
Contact    Halvor Molland
Cellular   +47 92979797
E-mail     Halvor.Molland(at)hydro.com
                                         *********
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Source: Norsk Hydro via Thomson Reuters ONE
[HUG#1636573]
Unternehmensinformation / Kurzprofil:
Datum: 28.08.2012 - 08:07 Uhr
Sprache: Deutsch
News-ID 178014
Anzahl Zeichen: 3860
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"Norsk Hydro: Exemption from ICMS tax on fuel oil in Alunorte"
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