Finance Minister says taxes reach “coverage residents” and impact the Bets and the Financial Market
The Minister of Finance, said on Tuesday (10.Jun.2025) that tax increases in tax increase “Coverage residents” in reference to the richest. Argued that “do not”With the daily life of the population.
“The important thing is as follows: These measures reach coverage residents, because only people who have a lot of tax exemption, all of these involve Bets and financial market. Does not move the daily life of the population. I considered the measures much more structural and fair from the tax point of view, that’s why I agreed ”he declared.
The minister gave an interview to journalists after having a meeting on tax measures with the President (PT) at the Alvorada Palace in Brasilia, this 3rd (10.Jun).
The minister stated that the Civil House follows the writing of the MP (Provisional Measure) and that the measures should “get to his table today ”. According to Haddad, the measures impact bets, known as Bets, and “The Financial Market”.
Measures
The economic team took proposals to deputies and senators at a night meeting on Sunday (8.Jun.2025). Read what are:
IOF for the draweed risk
The decree issued at the end of May raised the IOF (Tax on Financial Operations) in this category for the annual ceiling of 3.95%. Without giving details of the rate, Haddad said it will decrease the incidence by 80%.
- What is a risk risk – Financing and anticipating payment operations to suppliers, when a company pays before the deadline with the help of a bank.
IOF for Private Social Security
The farm wanted a rate of 5% for contributions over R $ 50,000 in the VGBL (free benefit generator). The minister also said he will reduce the rate without giving further details.
- What is VGBL – What is VGBL – A type of private pension with retirement investment plan.
Exempt titles
Some categories of fixed income investment will no longer be exempt from income tax. The fee charged will be 5%. The tax list includes:
- LCA (Agribusiness Credit Letter);
- LCI (Real Estate Credit Letter);
- Fiagro (Investment Fund in Agroindustrial Productive Chains).
The above investments serve to finance the sectors. They are considered of lower risk than exchange operations, for example.
Profit for shareholders
The farm wants to increase from 15% to 20% the collection over JCP (interest on equity), a category of companies’ profit distribution to shareholders. Haddad had already tried to mess with this tax in 2024, but failed for lack of support at the time.
Contribution on net income
CSLL (social contribution on net income) for financial institutions focuses on 3 categories: 9%, 15%and 20%. The idea is to cut the lower percentage and leave the charge floor by 15%.
Finance and technology companies complained about the proposal. They said the measure, access to free accounts and reducing bank fees.
- What is CSLL – Federal Tribute on Companies Profit, for Social Security.
Online bets
Bets are taxed in 12% of gross revenue from games. The farm wants to increase to 18%. The sector said it will lose $ 2.8 billion with the new tribute.
Tax exemptions
Fernando Haddad stated that there will be a cut “linear”10% for tax benefits and exemptions. According to him, the country stops raising $ 800 billion a year because of the resignations. Some, however, will be left out. This is the case of the Manaus Free Zone and Simples Nacional, a tax regime used by small businesses.
