Finance Minister Fernando Haddad said on Thursday that the income tax reform project, presented by the government the day before and detailed on Thursday, is based on fiscal neutrality and does not aim to raise revenue, but to ensure justice tax.
Speaking at a press conference to detail the tax package, Haddad also said that Congress will have time to analyze the income tax reform, which, if approved by lawmakers, will be effective from January 1, 2026.
Haddad had already announced on Wednesday, in a speech on national television, that the government intends to increase the income tax exemption range for those earning up to 5,000 reais, an initiative offset by the increase in taxation for those earning more than 50,000 reais per month.
Source: Terra
Rose James is a Gossipify movie and series reviewer known for her in-depth analysis and unique perspective on the latest releases. With a background in film studies, she provides engaging and informative reviews, and keeps readers up to date with industry trends and emerging talents.
