The Company’s Brazilian subsidiaries receive tax assessments from local, state and federal tax authorities in Brazil from time to time. Current open tax assessments as of December 31, 2024 are: | | | | | | | | | | | | | | | | | Assessment received | Type of assessment | Type of Tax | Tax period impacted | Estimated amount, including interest and penalties as of December 31, 2024 | | | | | | | | | Aug-20 | State sales tax credits, which the Treasury Office of the State of Goiás considers as improperly registered | ICMS | 2017-2019 | R$684.0 million (approximately $110.7) | | | Oct-20 | Federal excise taxes, which the Treasury Office of the Brazil’s Internal Revenue Service considers as improperly calculated | IPI | 2016-2017 | R$454.0 million (approximately $73.5) | | Nov-22 | IPI | 2018-2019 | R$616.2 million (approximately $99.7) | | Mar-24 | IPI | 2020 | R$34.8 million (approximately $5.6) | | Nov-20 | State sales taxes, which the Treasury Office of the State of Minas Gerais considers as improperly calculated | ICMS | 2016-2019 | R$234.6 million (approximately $38.0) | | Jun-21 | State sales tax, which the Treasury Office of the State of Goiás considers as improperly calculated | ICMS | 2016-2020 | R$55.0 million (approximately $8.9) |
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