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2h ago

Lula Signs Final Tax-Reform Rules, Sets 2027 Start and Announces Immediate Income Tax Relief

The plan follows broad cross-sector negotiations to bolster stability, predictability, confidence.

Lula defende convivência civilizada durante a cerimônia de sanção da última etapa da regulamentação da reforma tributária.
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Overview

  • The overhaul will fully take effect on January 1, 2027 after a transition and testing phase outlined by President Luiz Inácio Lula da Silva.
  • Beginning this month, Brazilians earning up to R$5,000 per month are exempt from paying income tax, according to Lula.
  • Lula sanctioned the final regulatory step creating the IBS Management Committee, issuing 10 vetoes that include blocking a tax reduction for soccer corporations (SAFs).
  • The government launched a reform portal on Gov.br featuring a tax calculator, assisted compliance tools and real-time monitoring of amounts payable and credits for companies.
  • Officials credited cross-branch, cross-sector dialogue for the advance, Lula praised Finance Minister Fernando Haddad, and Chamber of Deputies President Hugo Motta attended the ceremony.