Brazil reaches deals with airlines to settle tax obligations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 03 2025
0mins
Source: Reuters
Tax Settlement with Airlines: Brazil's government has reached agreements with airlines Gol and Azul to settle tax obligations totaling 7.5 billion reais ($1.22 billion), offering significant discounts and installment payment options to alleviate financial burdens exacerbated by the COVID-19 pandemic.
Impact on Financial Health: The deals are expected to provide financial relief for both companies, with Gol agreeing to pay 880 million reais in installments and Azul committing to immediate and installment payments totaling 1.1 billion reais, while also positively affecting their stock prices.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
