On 12 March, 2026, Provisional Measure No. 1,340/2026 ("PM No. 1,340/2026") was published in an Extra Edition of the Official Gazette. The Provisional Measure:
(i) Authorizes the granting of an economic subsidy for the commercialization of road-use diesel oil within the national territory, in the form of equalization of part of the costs borne by diesel oil producers and importers, in the amount of R$0.32 (32 centavos of real) per liter, effective as of March 12, 2026 and limited until December 31, 2026;
(ii) Sets a 12% tax rate for the export tax on crude petroleum oils or oils obtained from bituminous minerals, classified under Code 2709 of the Mercosur Common Nomenclature (NCM), levied on the total value of exports; and
(iii) Sets a 50% tax rate for the export tax on diesel oil, classified under Code 2710.19.21 of the NCM, for as long as the economic subsidy provided for in the referred Provisional Measure remains in effect.
PM No. 1,340/2026 entered into force on the date of its publication (12 March 2026).
For more information regarding this Legal Update, please contact our Tax team at: TaxpartnersTC@mayerbrown.com.
*This content was produced with the participation of law clerks Luiza Nordi and Larrana Ferraz.
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