House rejects postponement of vote on tax reform

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Proposal unifies taxes, provides for selective tax and creates a national basic food basket. PEC needs to be voted on in the 1st and 2nd rounds before going to the Senate. What can tax reform change in your life? The Chamber of Deputies rejected postponing, by 357 to 133 votes, this Thursday (6) the vote on the basic text, in the 1st round, of the proposed amendment to the Constitution (PEC) of the tax reform. There were three abstentions. The discussion about a new Brazilian tax system has been going on for almost 30 years in Brazil. The proposal needs to go through two rounds in the House before going to the Senate. Understand the main posts of the tax reform under discussion in the Chamber In general terms, the tax reform proposal provides for the unification of five taxes. The latest version also provides for zero tax on the basic food basket and create the ‘sin tax’. IPI, PIS and Cofins, which are federal; ICMS, which is state, and ISS, which is municipal. These taxes would cease to exist and two taxes on added value, the IVAs, would be created: one would be managed by the Union and the other would be shared by states and municipalities. ALSO READ: Tax reform: see the main points of the rapporteur’s proposal Point by point to understand what is being discussed in tax reform Tax reform: why is Brazil one of the few countries in the world not to have a unified tax? Find out how the tax reform can affect the prices of the basic food basket and what is under debate

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