Income Tax Reform (IR), limitation to public service supersalaries and changes in military pension are among the 25 priorities of the economic team in Congress to 2025 and 2026. Finance Minister Fernando Haddad handed over this Wednesday Fair (5) a list of economic agenda to the new mayor, Hugo Motta.
Other proposals that are highlighted are the regulation of Big Techs (Large technology companies) and selective tax regulation, a tax that will focus on products that are harmful to health and the environment. The list was divided into three axes: economic stability, improvement of the business environment and ecological transformation plan. Of the 25 priorities, 15 depend on the approval of bills or provisional measures by the National Congress.
In delivering the list, Haddad thanked the House of Representatives, which approved 32 strategic projects for the government in 2023 and 2024, in the mandate of the previous president of the House, Arthur Lira. The minister said he was optimistic about his relationship with Hugo Motta, based on the parliamentarian’s performance as leader of the Republicans in the House.
“We brought [a agenda de prioridades] Knowledge of President Hugo Motta, who lived with us in these two years as a leader. He was a leader of very prestigious and very effective. We brought him an agenda with 25 initiatives, of which 15 still depend on the legislature. Eight projects that are already being processed, and seven that will be sent in the coming weeks, ”said Haddad.
The minister stressed that there was no silver bullet in the economic area, but a constant work of modernizing the business environment, which promotes development and encourages economic growth. “There will never be a silver bullet. Even the tax reform, with all its greatness, has the repercussion in GDP [Produto Interno Bruto] diluted in time. So, it’s brick by Tijolinho that we will build a robust economy, ”he said.
IR compensation
Regarding income tax reform, Haddad said the proposal design is ready, but depends on the evaluation of the Planalto Palace. According to the minister, the economic team found a solution to compensate for the loss of revenue with the increase of the exemption range to $ 5,000, but the suggestion still needs to be presented to President Luiz Inacio Lula da Silva.
“Now, a formal process begins [dentro do governo]. So this will end up coming in the coming weeks. This is a reform that we want to process with caution and proper transparency. This is a simpler law, but with relevant economic impact, ”said Haddad, highlighting that income tax reform depends on ordinary law, which requires simple majority in Congress.
According to Haddad, the IR reform parameters will follow the government’s general lines in November, but the text had adjustments. The minister, however, was no use measures or detailed whether the taxation of dividends of the richest remains in the proposal.
“No tax waiver can be made without compensation in Brazil. The design is already established, but I have no authorization from Planalto yet to disclose. This reform we want to process with the caution due. The parameters announced before were kept, but we made corrections, ”he said.
Other projects
Announced last year, the taxation and economic regulation of Big Techs not yet sent to Congress. The changes in the military’s pension were Submitted in Decemberwithout time to have been voted at the end of last year.
Check out the list of the 25 priorities of the economic agenda for 2025 and 2026
Macroeconomic stability
1. Regulation of the Tax Reform of Consumption: Project that creates the Committee Management of the Tax on Goods and Services (IBS) is being processed in the Federal Senate; Selective Tax Regulation Bill and Funds Regulation Bill instituted by the reform will be sent in 2025.
2. Beginning of the implementation of the tax reform on consumption: beginning of the administrative implementation steps of the constitutional amendment promulgated in 2023 and the complementary law approved in December and sanctioned in January.
3. Tax reform on income: will still be sent to the National Congress in 2025. IRPF exemption to those who earn up to R $ 5,000 and proposition of minimum tax on very high income taxpayers.
4. Limitation of SuperSALARY: Bill will detail boundaries for supersalaries promulgated by the constitutional amendment of the spending packet.
5. Military Social Security Reform: Bill (PL) 4920/2024 In the National Congress, with minimum transfer age for paid reserve, contribution to medical and social assistance of military and pensioners, end of pension reversal. and end of the “fictice death”, in which military expelled or excluded from the Armed Forces is equated with the deceased military and receives pension.
6. Strengthening of the Tax Arcoução: Implementation and Monitoring of approved measures and permanent policy of expense review.
7. Accountability of the stretch debtor and appreciation of the good taxpayer: PL 15/2024 in process in Congress. Government wants to punish large taxpayers who owe the tax authorities systematically and do not pays taxes strategically to harm competitors and benefit those who pay taxes on time.
Business Environment Improvement Axis
8. Improvement of the Bankruptcy Law: PL 3/2024 approved in the House of Representatives. Awaiting appreciation in the Senate.
9. Strengthening of Investor Protection in the Capital Market: PL 2925/2023 awaits the designation of rapporteur in the House of Representatives.
10. Legal Consolidation of Financial Market Infrastructure: PL 2926/2023 approved in the House of Representatives and awaiting appreciation by the Federal Senate.
11. BANK RESOLUTION: Proposal enhances and equals stabilization and settlement regimes of financial, insurance and capital market institutions. Complementary Bill (PLP 281/2019) awaiting appreciation in the House.
12. Economic regulation of Big Techs: draft bill in preparation by the government.
13. Modernization of the legal framework of drug prices: Revision of regulation of the Market Regulation Chamber (CMED), to modernize pricing rules, covering high cost medicines and innovations made by the national industry. Proposals under analysis by CMED
14. Step: Student permission to invest in savings or treasury titles the benefits that would be rescued at the end of high school. Proposal in elaboration by the government.
15. Modernization of concessions, public service permissions and public-private partnerships (PPP): PL 7063/2017 in the House.
16. Credit market measures: extrajudicial execution, payroll loans, use of electronic payments such as warranty for companies and expanding guarantees in credit operations (Open Asset). PL 6204/2019, on extrajudicial execution, in processing in the Federal Senate; Provisional Measure or Project of the E-Social Credit Credit Bill in preparation by the Executive; Regulation of the other two points under internal discussion in the government.
Ecological transformation plan
17. New issuance of sustainable titles: to bring resources to the Climate Fund.
18. Advance in the implementation of the carbon market (governance and regulatory decree): Law 15.042/2024 already sanctioned, depends on regulation.
19. New Ecoinvest Auctions: Currency Protection Program and Mobilization of Foreign Investments in Sustainable Projects. Law 14.995/2024 sanctioned, first auction of the program held and preparation of new auctions.
20. Public purchase with national content and with incentives for technological innovations: hiring of the Growth Acceleration Program (PAC), Climate Fund and regional funds with gradual local content rules. Preparation of a program of technological challenges associated with ecological transformation.
21. International Forest Fund: with income passed on to countries that preserve tropical forests. Included in the G20 final statement, it is under multilateral discussion to enable its implementation.
22. Brazilian Sustainable Taxonomy: System of Activity, Projects and Assets that contribute to climate and social goals. Text in public consultation, with implementation expected from the second semester.
23. Datacenter attraction Policy and Legal Framework for Artificial Intelligence: Datacentry Policy under discussion with other ministries. Approved by the Senate last year, PL 2338/2023, which establishes the legal framework of artificial intelligence, awaits vote in the House.
24. Plan Safra and Renovagro: improvement of sustainability criteria. Resolutions of the National Monetary Council (CMN) already edited and improvement of the next crop planes.
25. Investment Platform for Ecological Transformation in Brazil (BIP): Projects already registered total US $ 10 billion. Partnership with Sustainable Social Economic Development Council (CDDES) and Economic Commission for Latin America and the Caribbean (Cepal) for mapping and structuring new projects.
