Summary
The provisional measure n. 1,303/2025 increases Irrf to 17.5% in investments and enters into force for people in 2026, while already affects companies; Possible judgments may arise due to regulatory housing.
The provisional measure n. 1,303/2025, established on 11 June 2025, brought significant changes in the taxation of investments, including the increase in the rate of the retailer tax (IRRF) at 17.5% of financial investments such as fixed income, shares, investments abroad and abroad.
The MP is already in force, but its application to individuals will only begin on January 1, 2026, respecting the principle of annual priority. Until then, the current rules continue to be worth, including exemptions for products such as LCI, LCA, Cri, Cra, encouraged to bonds and investments abroad.
“Although the MP is in force, the increase in taxes for individuals will be valid only from 2026. Until then, the old rules and the current exemptions remain remain. Furthermore, the regressive table for fixed income and funds remains between 15% and 22.5%. Law, partner of Veloso & Melo.
Simplified validity and applicability
If the MP is converted into law, most of the new rules will be valid only from 1 January 2026 for individuals. That is, for most investments from individuals, nothing changes until next year.
As an exception, some rules are valid before 2026, but only for the legal entities:
• Increase in the CSll rate for payment institutions;
• Destination of the collection of betting bets.
These measures enter into force on 1 October 2025, due to the non -anagues priority rule, which allows you to start some taxes after 90 days of publication.
Impact for individuals
The effects on individual investors only begin in 2026, when the new rates will be valid. Until then, net profitability will continue to follow the current rules. Future change requires attention to investment planning, in particular for those who operate with fixed income questions, funds, crypt or abroad.
Impact on companies
For the legal entities, the parliamentarian is already in force. Many companies use financial investments as part of the management of the Cassa and now face less liquidity and increase the cost of the circulating capital. Fintechs and companies relating to cryptulations may also need to adapt their strategies in the face of greater taxation and regulatory insecurity.
Risk of judgment
If the congress does not approve the MP within 120 days, there is room for judicial disputes on the amounts paid.
“The measure can generate a short -term collection, but creates instability. Investors want safety and companies must plan their cash flows. When there is uncertainty, Brazil loses competitiveness as a destination of investment,” says the expert.
It inspires the transformation into the world of work, business, society. It is the creation of the compass, content and the connection agency.
Source: Terra
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