Finance Minister Fernando Haddad met on Sunday night (8) with the presidents of the House, Hugo Motta (Republicans-PB), and Senate, David Alcolumbre (Union-AP), as well as party leaders, to discuss alternative measures to the recent rise in the Financial Operations Tax (IOF).
The meeting, held at the official residence of the Chamber, in Brasilia, lasted about five hours and aimed to find a consensus on the strong negative reaction of the market and Congress to the elevation of the tribute announced just over two weeks.
After the meeting, Haddad revealed that the government will issue a Provisional Measure (MP) that increases the taxation of revenues of companies that explore online games, the called Bets, from 12% to 18%, as well as the collection of fixed income securities that are now exempt from taxes. With this, the government will recalibrate the IOF rates.
The minister said he will detail the measures announced on Monday (9) and that there is no estimate of how much will be collected with them.
The minister pointed out that the MP will allow to “recalibrate” the IOF decree, adjusting its effects to minimize negative impacts. Haddad also mentioned that he will present details about the betting market soon.
“A measure that corrects distortions in the credit system, charging taxes on securities, income on titles and related themes. Including, it will come into an aspect that we will explain tomorrow that is the issue of Bets, presenting this market, as it is organized,” said Haddad.
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About the titles, Haddad said the measure will affect investments that are now exempt from Income Tax (IR), such as Real Estate Credit Letters (LCI), Agribusiness Credit letters (LCA). According to the minister, these titles will continue to be encouraged, with a 5%rate.
The mayor, Hugo Motta (Republicans-PB), said the measures are “less harmful” that the increase in the government announced last month and praised Haddad’s willingness to rediscuss the measure.
The parliamentarian stressed that the provisional measure will bring financial compensation to the government, but with less negative impact than the initial version of the decree.
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“The government brought this alternative where the decree will be redone with a calibration, significantly reducing its effects. It will be announced by the government with the return of the President of the Republic,” said Motta.
The IOF rise, which initially predicted about R $ 20 billion in 2025, caused a strong reaction in the market and Congress, with more than 20 proposals to overthrow the presidential decree.
In response, the government has already revoked part of the measure, such as increasing tax on domestic funds abroad, reducing the collection potential by about $ 1.4 billion.
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(With the globe)
