The National Congress approved, in a joint session, a bill that opens additional credit of 8.3 billion reais for the Tax Benefits Compensation Fund (FCBF). The transfer to the fund is important to compensate for the loss of revenue of federal entities with the start of the transition from tax reform.
The text, already approved by the Joint Budgetary Commission (Marketing Director), responds to a provision of the constitutional amendment for tax reform, approved in 2024. From 2029, the tax on the circulation of goods and services (SGIC) and service tax (SSI) will see their rates gradually reduced until they are completely replaced by the goods and services tax (SCI) in 2033.
Today, the 2025 budget provides an amount of approximately 80.87 million reais for the FCBF, lower than that defined by the constitutional amendment.
According to the law which established the tax reformthe Union will have to transfer R$16 billion to the fund in 2026, R$24 billion in 2027, R$32 billion in 2028 and 2029, R$24 billion in 2030, R$16 billion in 2031 and R$8 billion in 2032. All these values must also be corrected by the IPCA.
With the extinction of the ICMS and the ISS in 2033, these resources will no longer be transferred by the Union to the fund.
Concerning financial expenditure, these transfers are not included in the expenditure ceiling nor in the calculation of the 2025 primary result.
About The Author
