Overview

• Chamber President Hugo Motta said the IR bill will be the sole agenda item after a lunch with President Lula and Senate President Davi Alcolumbre.
• Rapporteur Arthur Lira said his report keeps a 10% minimum charge on annual incomes above R$1.2 million and leaves compensation choices to the plenary.
• A leading offset under debate would raise the CSLL by five percentage points for banks with annual profits above R$1 billion.
• The measure would expand tax relief to those earning up to R$5,000 a month, with progressive discounts reaching taxpayers up to about R$7,300.
• Left-party leaders pressed for approval aligned with Finance Ministry terms and predicted enough votes to defeat opposition attempts to enlarge the exemption without identified offsets, as PL deputies weigh obstruction but see outright rejection as politically risky.