The joint commission that analyzes Provisional Measure 1303/25 with the new investment taxation rules to compensate for the revocation of the decree that provided for an increase in the Tax on Financial Operations (IOF), approved the opinion of rapporteur Carlos Zarattini (PT-SP) by 13 votes in favor and 12 against. Published in June, the MP needs to be voted on in the Chamber and Senate by this Wednesday (8) to avoid losing its effectiveness. 
With approval by the collegiate, the MP should enter the agenda of the Plenary of the Chamber of Deputies this Tuesday (7).
The leader of the PT in the Chamber, deputy Lindbergh Farias (RJ), warned that, if the text is not approved, there will be a loss of revenue of R$35 billion. According to the leader, there is a movement by opposition parties to harm the government and “create a crisis in the country with a strong fiscal impact”.
Among other points, the text provides for the taxation of investment funds, such as letters of credit and real estate funds, and specific rules for the taxation of virtual assets, stock exchange operations, asset loans and foreign investors.
Zarattini accepted the agro bench’s request and removed taxation on Agribusiness Credit Letters (LCA), Real Estate Credit Letters and Development Credit Letters (LCD).
An agreement with the leader of the MDB in the Senate, Eduardo Braga (MDB-AM), left the taxation of financial investment securities and interest on equity at the same level of 18%.
The provisional measure also increased taxation on bets. Another point is the creation of the Zero Bets Litigation program, aimed at the voluntary declaration of resources, virtual assets, goods or rights resulting from the exploitation of fixed odds bets maintained in Brazil or abroad and not declared or declared with omission or inaccuracy in relation to essential data.
The deadline for joining the program is 90 days, from the date the law comes into force. Adhesion must be made by voluntarily declaring the asset status on December 31, 2024 and paying tax and fine. The text also defines that only companies authorized by the Ministry of Finance can join the program.
The MP included resources for the Pé-de-Meia program in the provisions of the Education Guidelines and Bases Law.
