Treasury will present project on taxation of financial investments, says Haddad

The Minister of Finance, Fernando Haddad, stated that he intends to send to the Civil House, this Tuesday (19), a bill to regulate the taxation of financial investments. The proposal is part of the second phase of the tax reform on Income Tax. According to Haddad, the project was discussed with the financial market.

“It’s a project that we spent a lot of time talking to financial institutions, with the funds, to have clear parameters. The team is sure that the project is complete and now it goes to the Civil House, the Civil House dispatches with the president, listen to the Treasury, listen to those interested and send it to Congress”, Haddad told journalists this Monday (18).

The minister did not detail which criteria will be applied for the taxation of applications. The federal government must forward proposals on IR and payroll to Congress by this Tuesday (19). Haddad stated that the payroll proposal has already been addressed in provisional measure (MP) 1,202/2023.

With this, the constitutional deadline established, according to him, will be met. The minister highlighted that throughout the year other projects will be carried out to regulate other points, such as the payment of dividends.

“Over the months we will continue to send the laws that refer to income and payroll to the National Congress, it is not possible to have just one law. It is very complex and a lot to be disciplined. We have already sent a project to increase the range of exemption from IRPF, this is all part of a logic to improve IR”, he said.

“With regard to Income Tax on dividends, this will require more studies, because there cannot be double taxation. We cannot tax the legal and physical taxes by adding the rates, because that will not work. And our commitment has always been to keep the tax burden stable”, declared Haddad.