Brazil’s Chamber Passes Fiscal Package Folded Into Asset-Update Bill

Overview

• The lower house approved the main text 286–146 (one abstention), reviving parts of an expired measure to curb spending and raise revenue and sending the amended bill back to the Senate.
• It tightens benefit rules by capping document-only disability aid to 30 days, adding stricter eligibility for the fishing off-season benefit, and limiting pension regime compensations to budgeted amounts.
• The text also restricts the use of PIS/Cofins tax credits unrelated to a company’s activity, a change the government ties to about R$10 billion in 2026 revenue.
• The bill creates the Rearp regime to let taxpayers update asset values, taxing the gain at 4% for individuals and at 4.8% IRPJ plus 3.2% CSLL for companies, and allows regularization of undeclared lawful assets under defined terms.
• The government accelerated payment of committee amendments to win votes, party lines split sharply in the roll call, and House Speaker Hugo Motta said other items—such as fintech exemptions and online betting—still lack an agreement or vote date.