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7h ago

Senate Poised to Fast-Track Income Tax Exemption Up to R$5,000 This Week

The relator seeks to preserve the text, with talks ongoing to cover a roughly R$1 billion shortfall.

Pauta do Senado tem isenção do IR e proteção a direitos sociais
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Pré-campanha: Lira divulga isenção do IR em outdoors e provoca Renan

Overview

  • Schedules point to a CAE vote on Tuesday, Nov. 4, with the plenary likely on Wednesday, Nov. 5, though one outlet reports both steps could occur Tuesday if leaders reach consensus.
  • Relator Renan Calheiros plans to deliver an unchanged report to avoid returning the bill to the Chamber and to send it directly to presidential sanction.
  • The proposal would exempt earners up to R$5,000 per month, grant partial relief between R$5,001 and R$7,350, and impose a minimum effective tax on very high incomes to help offset revenue losses.
  • A newly sanctioned law removes the five-year cap on IRPF changes, allowing any approved exemption to be permanent rather than time-limited.
  • The Senate also moves to install the Organized Crime CPI, with Alessandro Vieira expected as relator, and to take up social-rights bills on potable water in schools and a sunflower ribbon for hidden disabilities.