Overview

• Both the Chamber and Senate must pass MP 1.303 by 23:59 Wednesday or the measure lapses, erasing anticipated receipts tied to the 2026 fiscal plan.
• The special mixed committee approved the text 13–12 on Tuesday after government concessions, signaling a difficult floor vote still ahead.
• The committee-kept exemptions and rates include LCI/LCA remaining tax‑free, no hike on betting firms, JCP set at 18%, and fintech taxation held at 9%.
• Lawmakers also scrapped the time‑based ‘escadinha’ that lowered rates for longer holdings, moving to a flat 18% on other financial applications.
• Projected intake was already cut by the STF’s exclusion of ‘risco sacado’ and is set to fall further with Congress’s edits, prompting the Finance Ministry to rework the 2026 budget and warn of possible across‑the‑board cuts if the MP fails.