Haddad agreed with exemption from LCA and Lcis to an alternative to IF unloading, says Raporteur

Haddad agreed with exemption from LCA and Lcis to an alternative to IF unloading, says Raporteur


The initial report of the deputy Carlos Zarattini (PT-SP) had increased the rate of these securities, but the government should surrender to the resistance of the sectors affected by the measure

Brasilia – Representative of Measure Provisional (MP) 1.303, which deals with alternatives to the unloading of Financial operations tax (IOF)The deputy Carlos Zarattini (PT-SP) Having said this Friday, 3, a Estadão/Transmissionthat the resumption of the exemption of letters of agri -food credit (LCA), letters of real estate credit (LCI) and development letters (LCD) is already combined with the Minister of Finance, Fernando Haddad.

“They will continue without taxation. We have advanced in this. The minister agrees and we aim to close an agreement and approve this provisional measure,” said Zarattini. The parliamentarian argued that the collection with these securities is low – according to him, about 1.5 billion dollars to 1.6 billion dollars – and taxation would have another regulatory effect in the financial market.

“Because there is a problem for the government that, being discharged, the texts of the treasure – who have to pay taxes – must pay higher rates of interest. So, it ends up creating a problem in the rolling of the debt. In addition to $ 2 trillion applied to those letters,” he supported. “But as far as politically we are not able to solve it, we will have to have other things that, from the point of view of the collection, are more important.”

As for the ways to compensate for these resignation, Zarattini said he had still studied other possibilities and what would have been would not have been useful.

Zarattini’s initial ratio had increased the rate of these exempt so far, 5%, as stated in the original MP text, 7.5%. Last Tuesday, in the midst of a new postponement of the vote of the provisional measure in the joint commission, the rapporteur had already admitted the possibility of applying a rate of less than 5% or even removing the securities from the text to guarantee the majority vote to the provisional extent.

By the government as an alternative to the increase in Iof rates, the parliamentarian had, in its initial version, provided for a revenue of $ 10.5 billion by 2025 and R $ 21.8 billion in 2026.

Previously, this Friday, the secretary to the economic reforms of the Ministry of Finance, Marcos Pinto, admitted that the government will have to give. “Really, we give in to several points, including the reduction of the taxation of the securities that we have proposed to the exempt titles,” said Haddad’s assistant to Globonews.

Marcos Pinto said that the country “cannot live more with this type of tax benefit”, but at the congress there is a great resistance to this taxation of exempt securities. “The sectors that benefit from this measure, this exemption, such as the agricultural sector and the real estate sector, are resisting a lot. It is very likely that we must give up at this point, if not at least, at least in most of the taxation we are proposing,” he added.

The secretary believed that, in any case, the result of the negotiation of MP 1.303 “will greatly help to balance public finances and stressed that shopping control measures are also provided, such as the inclusion of the budget program and the control of shopping for assistance and insurance for illness.

Source: Terra

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