The Chamber of Deputies approved, this Tuesday (10), the complementary bill that establishes lower transition rates for chemical and petrochemical industries participating in a special tax regime until their migration to a new regime effective in 2027. With the measure, the federal government should increase the budget from R$1 billion to R$3.1 billion allocated to the Special Chemical Industry Regime (Reiq) for this year.
The proposal will now be sent to the Senate for analysis.
According to the text, the rates referring to the lower payment of federal taxes (PIS and Cofins) will be valid from March to December this year and replace others vetoed by President Luiz Inácio Lula da Silva due to a lack of budgetary impact forecast.
The Chemical Industry Special Sustainability Program (Presiq) was sanctioned at the end of last yearwith vetoes, and aims to reduce production costs in the chemical industry by reducing tax rates.
The project approved this Tuesday limits the tax waiver this year to R$2 billion, but exempts the proposal from criteria for processing recently included in the Fiscal Responsibility Law and the Budget Guidelines Law.
Another R$1.1 billion will fund additional tax credits provided for in the legislation for petrochemical plants and chemical industries participating in Reiq.
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Tax rates
The text vetoed by the government provided for the application of rates of 0.67% PIS and 3.08% Cofins in the months of November and December 2025, dropping to 0.54% and 2.46%, respectively, throughout this year.
The project approved by the Chamber, in addition to limiting the waiver, proposes rates of 0.62% and 2.83% respectively for PIS and Cofins from March to December this year, a middle ground. This will apply to industries participating in Reiq, which will be extinguished at the end of the year. These rates also apply to imports subject to PIS-Import and Cofins-Import.
The waiver covers the purchase of petrochemical naphtha and paraffin and several other chemical products used as inputs by the industry.
The rapporteur of the text, deputy Afonso Motta (PDT-RS), explained that the proposal has a transitional nature to avoid abrupt discontinuity of previously instituted public policy, preserving regulatory predictability and the economic stability of the segment during the transition period.
According to the rapporteur, the proposal only generates a fiscal impact this year, when it has an estimated waiver of R$3.1 billion offset by gains in revenue and revenue projections throughout the year.
* With information from Agência Câmara de Notícias
