Overview
- Senators passed the Rearp program to let taxpayers update asset values and regularize previously undeclared lawful assets, with the text already cleared by the Chamber.
- The package reincorporates provisions from the expired IOF provisional measure, including limits on tax offsets, adjustments to Pé‑de‑Meia, and changes to sickness benefit rules.
- Government and congressional estimates of fiscal impact vary, with the Senate citing roughly R$19 billion and allied lawmakers projecting up to R$25 billion when broader effects are counted.
- The Senate version accepted an amendment restoring a 36‑month payment term, reversing a 24‑month cap approved earlier in the Chamber, with details to be finalized in sanctioning and regulation.
- Adhesion is reported to open for 90 days after publication, and the regime provides for anti‑fraud measures on PIS/Cofins compensations as well as options to update assets held abroad.