The Chamber of Deputies approved the basic text of Bill (PL) nº 1847/24. The text proposes a three-year transition to end the payroll tax exemption for 17 sectors of the economy and to charge the full rate of the National Institute of Social Security (INSS) in municipalities with up to 156 thousand inhabitants. The House still needs to analyze a highlight to the PL – with that, the conclusion of the vote should happen this Thursday (12).
With the tax relief, companies that benefit from the tax relief can opt to pay social security contributions on gross revenue at rates ranging from 1% to 4.5%, instead of paying 20% of INSS on their payroll. The text provides for a gradual reduction in the rate on gross revenue and a gradual increase in the rate on payroll from 2025 to 2027. From 2028 onwards, the 20% rate on payroll will return and the rate on gross revenue will be eliminated.
Understand
The bill came about after the Supreme Federal Court (STF) ruled Law No. 14,784/23, which extended the tax exemption until 2027, unconstitutional due to the lack of resources to support the decrease in revenue. A subsequent agreement was reached to maintain the rates for 2024 and seek sources of financing for the following years.
The deadline granted by the STF for negotiation and approval of the project before the rates are charged in full again expired on Wednesday (11). For this reason, the item was included on the agenda. The deputies were voting on a drafting amendment by the rapporteur, deputy José Guimarães (PT-CE), but there was no quorum to end the nominal vote. The presence of 257 voters was required, but only 237 registered their vote.
The Bill contains a series of measures that seek resources to support the exemptions during the period of validity, including updating the value of properties with lower capital gains tax, the use of judicial deposits and the repatriation of amounts taken abroad without declaration.
*With information from the Chamber Agency
