Among the measures is the proposal to tax in 5% titles that are currently exempt, such as Agribusiness Credit letters (LCA) and Real Estate Credit Letters (LCI)
The minister, responsible for agrarian development and family farming, defended the actions of the government that aim to compensate for the elevation of the . Among the measures is the proposal to tax in 5% titles that are currently exempt, such as Agribusiness Credit Letters (LCA) e and Real Estate Credit Letters (LCI). Teixeira argued that the new taxation on LCA should not impact product price formation in Brazil, as exporters are mainly responsible for financing the crops with these titles. The minister also criticized Parliament’s lack of support regarding tax measures and suggested that parliamentarians consider giving up amendments to contribute to fiscal balance.
The government plans to send a provisional measure to the congress that will recalibrate the IOF decree. This proposal will include the 18% charge on Gross Gaming Revenue (GGR) of betting companies, as well as the taxation of 5% over LCA and LCI. Teixeira emphasized that these changes aim to correct existing distortions in the credit market. On the other hand, the Agricultural Parliamentary Front expressed its opposition to the provisional measure, warning that the proposal may result in an increase in food prices and negatively affect rural credit.
Posted by Sarah Paula
*Report produced with the aid of AI
