Published in June, the MP sets a unified 17.5% rate for the Withholding Income Tax (IRRF) on financial income, replacing the current regressive table for fixed-income investments.
The text also proposes taxing currently exempt funds such as LCI, LCA, real estate funds (FII), and Fiagros, which will now be subject to a 5% rate. The proposal includes specific rules for taxing virtual assets, stock market operations, asset lending, and foreign investors.
The Provisional Measure also raises the tax on 'Bets', increasing the direct tax burden on GGR from 12% to 18%.
The joint committee is chaired by Senator Renan Calheiros and has Congressman Carlos Zarattini as its rapporteur.
During the committee’s installation, four public hearings were scheduled for August, the first with the Ministry of Finance. The other meetings will address topics such as taxation of currently exempt assets, the increase in the Social Contribution on Net Profit (CSLL), and changes to the fishermen’s closed season insurance.
Other points in the measure include increasing the CSLL for fintechs and stock exchanges, prohibiting improper tax compensations, and making adjustments to pension and administrative rules. The transformation of certain gratified roles into commissioned positions within the Ministry of Finance is also proposed.
Source: GMB
