Tax Approach

Norte Energia does not have a formal tax strategy, however, its tax approach is based on transparency and compliance with tax legislation. We follow all legal provisions and continually monitor changes in regulations and case law. Changes to our procedures are always preceded by careful analysis by internal and external legal advisors, which guarantees our social duty to comply with legislation.

In line with our values ​​and principles, we adopt a stance of transparency and readiness before regulatory bodies. Tax compliance is considered strategic for the Company and compliance with its ancillary and main obligations is carried out in accordance with current legislation. At the same time, we seek, through lawful tax planning, to reduce our tax burden, becoming more efficient and generating better results for shareholders and other Stakeholders, through investments in the region of influence of the enterprise.

Given the magnitude of the Belo Monte HPP project and its location, the social impacts arising from tax management are significant for the region. In the table below, we highlight the amounts collected by Norte Energia for each municipality in the State of Pará in 2023, whether through the payment of its own taxes, taxes withheld at source from third parties or Financial Compensation for the Use of Water Resources (CFURH).