Finance Minister Fernando Haddad celebrated, on the morning of Thursday (2) the approval, by the Chamber of Deputies, of the bill that provides exemption from income tax for those who earn up to $ 5,000 monthly, in what called “historical vote”.
He said he was hopeful and expecting to build other positive legislation for the country along with the National Congress. The text was approved by 493 favorable votes and no contrary.
“The score gave me hope that we have a lot to build together,” said the minister, when he arrived at the ministry, on the morning of Thursday (2): “It was a great goal.”
On the night of Wednesday (1 °) House of Representatives approved the exemption From the individual income tax for those who earn up to $ 5,000 and discount for those who earn up to $ 7,350 per month.
To compensate for the benefit, the text provides for the taxation of people with income over R $ 600 thousand per year, with a progressive rate of up to 10%. The text now follows for the senators.
For the Minister of Finance, the new rules are not only seeking tax justice:
“It is tax justice with fiscal neutrality, anchored in fiscal balance and which will benefit 15 million people. Ten million will no longer pay income tax; and five million will pay less,” said the minister.
“Only 141 thousand [contribuintes]which today pay an average rate of 2.5%, will pay what we call minimum income tax. This is new, ”he said as he referred to 0.13% of taxpayers who contributed a progressive rate of up to 10% of income.
Asked about any future changes in the approved rules, Haddad reiterated that every public policy requires follow -up and will be no different in the case of this new legislation.
Final report
Some changes suggested by parliamentarians were included in the final report of Deputy Arthur Lira. One of them was the inclusion of some types of income that can be deducted, such as agribusiness and real estate titles, as well as the origin of profits and dividends whose distribution was approved by December 31, 2025.
Another change accepted by the rapporteur was the inclusion of a device for the executive to send, within one year, to the National Congress, a project that will facilitate the updating of the national policy that annually reviews these values.
Arthur Lira excluded from the profit and dividend calculation base distributed by the notary’s offices to the rates passed on to the judiciary.
