Overview

• Finance Minister Fernando Haddad met with Chamber President Hugo Motta and party leaders, but the talks ended without an agreement on the text.
• Relator Carlos Zarattini restored exemptions for LCI and LCA and kept CRI, CRA, and incentivized debentures exempt, a concession that trims projected receipts by about R$1 billion.
• The government seeks to preserve items such as raising the sports-betting levy to 18%, taxing cryptoassets, setting a 17.5% uniform income tax on financial investments from 2026, tightening tax credit compensations, adjusting CSLL floors, and lifting JCP taxation to 20%.
• Officials now aim to salvage roughly R$15–17 billion from an original package estimated at R$10.5 billion in 2025 and R$20.9 billion in 2026.
• A committee vote is planned for today, and the MP must clear both chambers by Wednesday or it will lapse, forcing the finance team to seek other revenue sources.