Representative Aguinaldo Ribeiro (PP-PB), rapporteur of the complementary bill that reduces tax benefits, responded to a government request and included in the proposal an increase in the taxation of interest on equity (JCP) and fintechs. It also incorporates the government’s proposal to reduce currently existing tax benefits by around 10%. On the other hand, it relaxed the increase in taxation on the presumed profit regime.
The changes are included in a notice filed Tuesday evening (16). The plenary session is currently taking place. The text should be put to the vote today, but opposition parliamentarians are asking for the discussion to be postponed.
According to him, Aguinaldo accepted the government’s proposal to reduce the currently existing tax benefits by approximately 10%. It also provides rules for monitoring the evaluation of these services.
On the other hand, he predicted that the additional 10% tax on companies subject to the presumed profit regime will only apply to the part of the total gross income that exceeds the value of 5 million reais in the year. In the text proposed by the government, this additional amount would apply to income above R$1.2 million.
The presumed profit regime is used by companies that earn up to 78 million reais per year. This was one of the most controversial points of the proposal, which is why it was dehydrated.
To compensate for this dehydration, the rapporteur plans an increase from 15% to 17.5% in income tax (IR) withheld at source on interest on equity (JCP), a way for companies to remunerate shareholders. He also predicted an increase in taxation on fintechs. In both cases he served the economic team of the government of President Luiz Inácio Lula da Silva.
“Finally, we have taken advantage of the discussions that have progressed in this Legislative Chamber and have included measures to harmonize the taxation applicable to the remuneration of capital, through the interests of equity, and to the different financial institutions,” Ribeiro wrote in his opinion.
Regarding betting (betting houses), the rapporteur included in the text rules to hold accountable those who advertise betting houses that operate irregularly in the country. “Our intention is to curb the proliferation of illegal and dishonest games that exploit the vulnerabilities of the population, particularly low-income people,” he said.
As Finance Minister Fernando Haddad indicated earlier, the economic team expects the approved text to increase revenues by 20 billion reais in 2026, in order to help the government achieve next year’s budget target, which is a surplus of 0.25% of gross domestic product (GDP), equivalent to 34.3 billion reais.
In addition to the issue of fundraising, the opinion presented by Ribeiro recovers resources from committed and unresolved parliamentary amendments. The report presented authorizes the revalidation of unprocessed outstanding balances (funds from previous years not yet paid) recorded between 2019 and 2022 that were canceled, allowing their settlement by the end of 2026.
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