OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of December, 2014
(Commission File No. 1-14862 )
Camacari, Bahia - CEP 42810-000 Brazil
Form 20-F ___X___ Form 40-F ______
in paper as permitted by Regulation S-T Rule 101(b)(1). _____
in paper as permitted by Regulation S-T Rule 101(b)(7). _____
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ______ No ___X___
Braskem makes entire Refis payment debt
São Paulo, December 1, 2014 - Braskem (BM&FBovespa: BRKM5, BRKM3, BRKM6; NYSE: BAK; LATIBEX: XBRK) hereby informs its shareholders and the market in general that its management has decided to settle all of its tax payment installments within the National Treasury and Federal Revenue Service Debt Installment Program (Refis), pursuant to article 33 of Law 13043/14.
The total debt due is around R$1 billion, 30% of which will be paid in cash and the remainder through income tax and social contribution on net income credits, calculated on the balance of tax loss carryforward accrued through December 31, 2013, recognized in Braskem’s Financial Statements under deferred income tax asset.
As a result, Braskem will have settled most of its tax obligations, thereby maintaining its financial health.
Additional information can be obtained from the Investor Relations Department by phone at + 55 (11) 3576-9531 or by e-mail at braskem-ri@braskem.com.br
Mario Augusto da Silva
Chief Financial and Investor Relations Officer
Braskem S.A.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: December 1, 2014| BRASKEM S.A. | |||
| By: | /s/ Mário Augusto da Silva | ||
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| Name: | Mário Augusto da Silva | ||
| Title: | Chief Financial Officer | ||
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.