The Minister of Finance, Fernando Haddad, stated this Tuesday (7) that two changes were made to the Provisional Measure (MP) that redefines taxation rules on investments and creates new sources of revenue to compensate for the loss of revenue with the increase in the IOF.
The changes were reached in agreement with party leaders from the Chamber and Senate before the vote on the report by deputy Carlos Zarattini (PT-SP) in the Joint Committee of the National Congress, scheduled for this Tuesday.
One of the main changes was the maintenance of the exemption and zero rate on income from Mortgage Letters (LH), Guaranteed Real Estate Letters (LIG), Agribusiness Credit Letters (LCA), Real Estate Credit Letters (LCI) and Development Credit Letters (LCD) — securities considered strategic for real estate and agribusiness financing.
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“When you make an agreement, you make exceptions to make approval possible. There is a lot of goodwill in Congress to vote on the text,” said Haddad.
Taxation of bets
The proposal also deals with the taxation of online betting houses (bets). According to Haddad, the Federal Revenue assessed that it would be complex to collect taxes retroactively on past operations, as the previous government did not implement the measures planned for the sector.
The rapporteur, Zarattini, proposed a repatriation program to regularize amounts sent abroad, with taxation of 15% and an additional fine of 15%. The estimated revenue is around R$5 billion — the equivalent of three years of revenue if the rate were changed.
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“Congress will still define the best way to carry out this collection, but the project is more regulatory than collection”, said the minister.
Tax impact and processing
The MP was issued in June 2025 to compensate for the loss of revenue caused by a court decision that reversed the end of IOF collection. The original text predicted revenue of R$20 billion, but, after negotiations, the government estimates preserving between R$15 billion and R$17 billion.
The MP’s term ends this Wednesday (8). If it is not voted on by then, the measures lose validity.
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After analysis by the Joint Committee, the MP will still need the approval of the plenary sessions of the Chamber and the Senate to be converted into law.