The Minister of Finance, Fernando Haddadannounced on Sunday (8) alternative measures to the decree that increases the tax on financial operations (IOF). As a result, the estimated amount of raising for the tax framework must arrive by other ways.
After a long meeting with the party leaders of the House of Representatives, Haddad reported that the compensation will go through a Greater collection of sports betting companiesthe so -called Bets, and by FIM of the exemption of income from fixed income securities.
Among the changes are the recalibration of the IOF decree, a provisional measure with revenue compensation, a PEC for tax benefits and commitment to control and revision of primary spending. Proposals still need to be approved at the National Congress.
See below the new rates of what was announced:
BETS RATE
Haddad has confirmed the discharge of BETs to supply part of what will be reviewed with the IOF retreat. Thus, the collection to sports betting companies will pass from 12% to 18%.
LCI is LCA
Another means of palpable revenue found by the government was to end the exemption of income from fixed income securities. Real Estate Credit Letters (LCI) and Agricultural Credit Letters (LCAS) will have Taxation of 5% in Income Tax (IR).
CSLL
The government must also, finally, change the rates of Social Contribution on Net Income (CSLL). The idea is to bring the tax burden of fintechs closer to what is charged to the banks.
Currently financial institutions have 9%, 15% and 20% charges. With the change, the lowest rate should no longer be in force, being charged only the two largest.
Tax exemptions
Finally, the government must also present a complementary bill to relieve public accounts, providing Cut of about 10% on tax exemptionsaccording to the President of the Chamber of Deputies, Hugo Motta (Republicans-PB).
