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Alunorte is exempt from ICMS on fuel oil

The State of Pará has decided that, as of September 10, 2012, the ICMS tax will again be collected from fuel oil distributors, with Hydro's alumina refinery Alunorte being exempt from the tax.

An alteration that occurred on March 1, 2012, passed the collection of ICMS from distributors to refineries. As a result, cost increases of approximately NOK150 million have been reported at Alunorte in the second quarter of 2012.

The amendments now decided by the governor of Pará will exempt Alunorte from the tax on fuel oil, as was the case before March 1, 2012.

This text is machine translated. To view the original Portuguese text, click on PT on the top right of this window

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