Tax approach

Norte Energia has robust governance and fiscal control structures, comprised of the Supervisory Board and the Audit, Compliance and Risk Committee, responsible for periodically overseeing audit management and tax risk assessment.  

Tax management is conducted by the Tax Management Department, which reports to the Chief Administrative, Financial and IR Officer, with periodic audits carried out by the Superintendence of Internal Controls, Risks and Compliance, which in turn monitors and validates tax risks on a monthly basis. 

Norte Energia does not have a formal tax management strategy; however, its tax approach is based on the principles established in the Company’s Code of Conduct and Ethics, which mandates strict compliance with Brazilian law in all areas of operation. 

Transparency is a fundamental value for the Company, and both tax payable and tax savings are disclosed monthly to shareholders. Furthermore, tax processes are assessed annually by external auditors and periodically by tax consulting firms, ensuring tax compliance.  

Norte Energia seeks to reduce its tax burden, improve its results, and direct its investments to the project’s area of influence. In 2024, the Company collected its own taxes, withheld at source from third parties and related to Financial Compensation for the Use of Water Resources (CFURH), benefiting the municipalities of the State of Pará and the Federal Government. 

Taxes collected in 2024

Any stakeholder who has concerns about unethical or illegal behavior or tax integrity issues can contact the Company through the Norte Energia Whistleblower Channel. Additionally, the financial statements and the independent auditor’s report are available for download on the Norte Energia website (https://www.norteenergiasa.com.br/investidores#docs).