Overview

• Lira says the core proposal to exempt monthly earnings up to R$5,000 will go to the Chamber floor next Wednesday and remains a government priority.
• He affirmed the bill will not alter the CSLL, keeping it under annuality with Senate review through October to December and sanction required by December 31.
• Lawmakers expect a difficult debate over revenue offsets, with many amendments anticipated, including indexation that Lira estimates could cost R$80–100 billion per year.
• Lira said he sent cost estimates on removing incentivized debentures and Prouni from the taxable base for the minimum tax on high incomes to the Finance and Institutional Relations ministries.
• Amid Senate criticism and a parallel committee-approved text by Renan Calheiros, Lira denied the measure is being used for political bargaining, while deputy Paulinho da Força filed an amendment to raise the exemption to R$7,000 and Chamber leadership rejected tying the vote to the January 8 amnesty bill.