Congress is expected to approve the Union Budget this week
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Tax reform was approved last Friday
The tax reform should be enacted next Wednesday (20), in a session of the National Congress. The prediction is from the President of the Chamber of Deputies Arthur Lira (PP-AL), made after the conclusion of the vote on the Proposed Amendment to the Constitution (PEC) 45/19, last Friday (15).
This is the last week of work for parliamentarians in Brasília, in sessions of the National Congress, which bring together the Federal Senate and Chamber of Deputies, led by the president of the Senate, Rodrigo Pacheco (PSD-MG).
The parliamentarian must convene a new session of Congress for Thursday (21) to approve the Budget Guidelines Law, the LDO (PLN 4/2023), which has already passed the Mixed Budget Committee, and the Annual Budget Law for 2024, the LOA (PLN 29/2023), still in progress.
Among the new budget rules for next year is the federal government’s obligation to reserve resources to commit mandatory parliamentary amendments in the first half of 2024.
The Plenary of the Chamber of Deputies is also expected to vote on Provisional Measure (MP) 1185/2023, which regulates the tax exemption for tax credits arising from subsidies for investments.
The MP was approved in a joint committee last week and must be approved separately in both Houses of Congress by February 7, in the first week of parliament next year.
The provisional measure on subsidies regulates the decision of the Superior Court of Justice (STJ), according to which tax credits must be included in the calculation basis of Corporate Income Tax (IRPJ) and Social Contribution on Net Profit (CSLL) . The MP increases the federal government’s revenue by R$35 billion, according to a projection by the Ministry of Finance.
Another topic of fundraising interest is the final vote in the Chamber of Deputies on PL 3,626/2023. The proposal, initiated by the Executive Branch, regulates fixed bet games, known as bets, popular in Brazil mainly among football fans.
The text initially approved in the Chamber was modified in the Senate and, therefore, is returned to the deputies for consideration. Among the changes, the Senate reduced the tax rate to be paid by companies that operate betting from 18% to 12%.
Read more:
Basic food basket, fuel, services: what changes with tax reform
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