What did you think of the approval of the tax reform in the Senate?

The Senate approved this Wednesday (8), in two rounds, the tax reform proposal that has been in progress since 2019 in the National Congress, after decades of frustrated attempts to make a broad change to the current Brazilian tax system, in force since the Constitution of 1988. The bill now returns to the Chamber for final analysis.

Supported by the government, the proposed amendment to the Constitution (PEC) 45/2019 has as its main premise the creation of a Value Added Tax (VAT) system, a model already adopted in 174 countries. The Brazilian particularity will be due to the tax rate, which should be the highest in the world, around 27.5%, according to an estimate by the Minister of Finance, Fernando Haddad. Among analysts, the projection reaches up to 33.5%.

A People’s Gazette wants to know your opinion on the matter. Participate by voting in the poll: