According to the rapporteur, Carlos Zarattini (PT-SP), there will be meetings with party leaders to define final adjustments; the taxation of credit letters can be affected
The rapporteur of the provisional measure that compensates for the fall in the increase in IOF (Tax on Financial Operations), Deputy (PT-SP), reported the postponement of the report of the report to the next Thursday (2.out.2025). The vote was scheduled for this Thursday (30.Set) in the Joint Commission that analyzes the MP.
In conversation with journalists, the congressman stated that the decision was made at the request of the President of the House of Representatives (Republicans-PB), so that the final text is heard by the largest number of party leaders before it is voted in plenary. The MP loses validity on October 8th.
“Because of the accumulation of guidelines we have here in the House, such as the vote tomorrow of the income tax exemption, we decided to play this vote for Thursday morning.”said Zarattini.
The rapporteur stated that there is a possibility of moving various points of the proposal, including maintaining the exemption of the letters of tax credit. Classified the attempted taxation as a “Sensitive Subject”but stated that it is “Open to negotiate”.
Opposition pressure
There is a pressure from the opposition to the overthrow of excerpts from the provisional measure, such as taxation on LCA (Agribusiness Credit Letter) and LCI (Real Estate Credit Letter).
The federal deputy (PP-PR), president of FPA (Parliamentary Front of Agriculture), declared this Thursday (30.Set) that “As long as there is LCA taxation”the MP.
Among the central points is the end of income tax exemption for LCA and LCI real estate, a benefit that has been encouraging the financing of the productive and the real estate market for years.
The change, if approved, would be as follows:
- End of exemption: The MP has the end of income tax exemption to LCIs and LCAs issued from 2026. Investments made before that date would maintain the current benefit;
- Proposed Rate: The original text established 5% tax for these titles, but Zarattini’s report raised the rate to 7.5%;
- Expected Impact: The net return of LCIs and LCAs will fall to the individual investor, reducing the attractiveness of these traditionally used roles in agribusiness and real estate financing;
- negotiations ongoing: There are discussions in Congress to reduce the rate or maintain some kind of partial exemption, but there is no consensus.
The theme still depends on articulation with the farm and the IRS.
This report was written by Journalism intern Davi Alencar under the supervision of Assistant Isadora Albernaz.
