Senate Advances R$5,000 Income Tax Exemption as Crime CPI Launches and Central Bank Tightens Rules

Overview

• Senators on the Economic Affairs Committee vote today on PL 1,087/2025 to fully exempt earners up to R$5,000 a month, with a plenary vote expected as soon as Wednesday.
• Talks focus on closing an estimated R$1 billion gap through measures targeting higher‑income taxpayers, while CAE also weighs PL 5,473/2025 to raise CSLL on fintechs and double the levy on fixed‑odds bets to 24%.
• The Senate installs the Organized Crime CPI this morning to investigate facções, milícias, financing networks and public‑sector links, with Alessandro Vieira slated as rapporteur and the presidency contested by PL and PT.
• After 121 deaths in Rio’s Operation Contenção, the Supreme Court ordered preservation of evidence, and Governor Cláudio Castro submitted a report asserting the operation used lawful, proportional force.
• The Chamber approved a defense carve‑out from the fiscal framework of R$5 billion per year from 2026 to 2031 plus up to R$3 billion in 2025, sending the bill to presidential sanction, and the Central Bank issued rules to shut irregular “contas‑bolsão” and tighten activity‑based capital requirements.