A Chamber of Deputies vote on Wednesday (1st) the PL (Bill) that exempts the income tax of Brazilians who earn up to $ 5,000. The proposal is the only item on the House Plenary agenda for the day.
If approved by the deputies, the text follows for analysis of the Senate.
.
See how the reduction would happen in practice, according to the table presented by the government:
- Who receives up to R $ 5,000: total exemption, annual economy of R $ 4,356.89.
- Who receives $ 5,500: the discount is 75%, annual economy of $ 3,367.68.
- Who receives $ 6,000: the discount is 50%, annual economy of $ 2,350.79.
- Who receives $ 6,500: the discount is 25%, annual economy of $ 1,333.90.
- Who receives up to R $ 7,350 the progressive rates of 7.5%, 15%, 22.5% and 27.5% remain the same today
if approved, according to the rapporteur, deputy Arthur Lira (PP-AL).
Compensation
The largest impasse of the text is the financial compensation of the measure. .
In July, the project’s Special Commission approved the Lira report. The opinion maintained the compensation with the taxation of high rents up to 10%.
The text establishes a minimum rate for income over R $ 50 thousand per month, equivalent to R $ 600 thousand annually. The taxation of the so-called “super rich” would be progressive, reaching 10% for those who earn more than $ 1.2 million per year.
Lira, however, has defined some exceptions to ensure greater text support. Among them, the forecast that profits and dividends distributed until December 31, 2025 will not be taxed with IR.
If the bill is approved by the end of the year, in the House and Senate, it will already be valid for next year’s IR statements.
