巴西众议院全票通过个税改革方案

Core Points - The Brazilian Chamber of Deputies passed the basic provisions of Bill No. 1.087/2025 with an overwhelming vote of 493 in favor and none against, which aims to exempt individuals with a monthly income of up to 5,000 Brazilian Reais from income tax and reduce the tax burden for those earning up to 7,350 Reais [1] - The new law, effective from 2026, will provide a monthly tax exemption of up to 312.89 Reais for taxpayers earning 5,000 Reais or less, and a reduction of 978.62 Reais for those earning between 5,000.01 and 7,350 Reais, benefiting over 26.6 million taxpayers [1] - The current income tax exemption threshold is set at 3,036 Reais per month, and the expansion of exemptions and tax reductions is a key promise made by President Lula during the 2022 election campaign [1] - To offset an estimated revenue loss of 25.8 billion Reais, the bill includes a provision to impose a maximum progressive tax rate of 10% on high-income individuals earning over 600,000 Reais annually, affecting approximately 140,000 taxpayers, or 0.13% of the total [1] - The bill's rapporteur, Arthur Lira, indicated that the new tax system is expected to generate an additional 12.7 billion Reais in fiscal revenue by 2027 to counterbalance the impact of the reduction in the Contribution on Goods and Services (CBS) [2]