The Chairman of the House Agriculture Commission, Deputy Rodolfo Nogueira (PL-MS), presented on Monday (9) a request for call of the Minister of Finance, Fernando Haddadto provide clarification on the end of the exemption of income from Lcis (Real Estate Credit Letters) and Lce (Agribusiness credit letters).
A as part of the alternative measures package to increase the tax on financial operations (IOF).
The government proposed that LCIs and LCAs will have 5% tax on income tax (IR). The new measures have not yet come into force and will be sent by the Executive for Congress Analysis.
Nogueira wants to hear from Haddad the technical and legal criteria that justify the taxation; The estimated impact of the measure on “rural credit, agribusiness competitiveness and raising food prices”; and the forecast of “compensations for any elevations in the cost of financing for producers”.
Applications for calling ministers, when approved, are of a compulsory presence. Rodolfo Nogueira’s intention is to guide and vote the application on Wednesday (11).
“This measure represents a direct blow to national agribusiness, as the LCAs constitute an essential tool for raising funds at competitive prices, allowing producers to finance inputs, machinery and productive infrastructure,” said the deputy in justification of the request.
The agribusiness bench – the largest in Congress – criticized the government’s proposal. For the group, the end of exemption compromises rural credit and makes the sector’s financing more expensive. In note, a.
