The mixed committee of the National Congress approved this Tuesday (7) the report on Provisional Measure 1,303/2025 with an item that provides for the increase in the Income Tax (IR) rate that is withheld at source on earnings distributed in the form of Interest on Equity (JCP). According to the text, the IR collected would increase from 15% to 18%.
The text, reported by deputy Carlos Zarattini (PT-SP), underwent last-minute changes in the committee. In addition to the JCP, parliamentarians decided to apply the same 18% for the single rate that will apply to most investments, from fixed income to capital gains in shares.
The government intended to increase the rate on JCP to 20%, but, after articulation by the leader of the MDB in the Senate, Eduardo Braga (AM), an agreement was signed to set the tax at 18%, making it equivalent to that of financial investments.
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“The proposal is moderate and guarantees fiscal sustainability without penalizing the market,” said Braga.
Zarattini classified the agreement as “balanced”, stating that the adjustment “preserves the business environment and ensures the necessary revenue for the government”.
“I believe that this unification at 18% should end up compensating for what was reduced in interest on equity”, stated the rapporteur.
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Exemptions preserved
The text maintained the exemption from Income Tax on several credit and investment titles, such as LCA, LCI, LCD, LH, LIG, CRI, CRA and encouraged debentures, meeting pressure from rural groups and the productive sector.
“The text has undergone adjustments, but it maintains the essence: creating a simpler and more stable system,” said Zarattini.
Next steps
The MP was approved by the committee by 13 votes to 12 and now goes to the plenary sessions of the Chamber and Senate for a vote. The measure’s validity period expires this Wednesday (8), if it is not approved by then, the changes will no longer take effect.
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If converted into law, the new rules will come into force from 2026, with the expectation of revenue of more than R$17 billion in the first year of validity, according to Treasury estimates.
