2024-12-17 23:52:00
OR The text, approved by a large majority, will now have to be signed by Brazilian President Lula da Silva, whose government promoted the reform to accelerate economic growth.
The law regulates three new federal, regional and municipal taxes on consumption, created to replace the five current taxes, and establishes a reference rate of 26.5%.
One of these is the so-called selective tax, which aims to tax products considered harmful to health, such as alcohol and sugary drinks, which deputies decided to include after the Senate eliminated these products from the bill.
Firearms were not included in the list of harmful products, under pressure from the conservative right.
On the other hand, some medicines and other products considered essential for families, such as meat, will be completely exempt from consumption taxes, a requirement of the powerful agricultural sector.
The measure, which received support from the left and center, has been criticized by the right due to the level of tax pressure they consider excessive.
The approval of the reform regulation was one of the priorities of Lula da Silva’s government, which pushed for it to be voted on before the parliamentary holidays which begin this week and will last until February.
The measure aims to calm the markets and the private sector in an economic moment marked by concern over the fiscal deficit, the strong devaluation of the real estate and the increase in inflation.
Read also: Vinícius Jr. after winning The Best: “Yes, I’m the best in the world…”
#Brazilian #Congress #approves #tax #reform #simplifies #taxes