Overview
- Congress approved the Rearp, which allows Income Tax filers to update declared values of real estate and vehicles at a fixed rate and now awaits presidential sanction.
- For individuals the fixed rate is 4%, and for companies the package applies 4.8% IRPJ plus 3.2% CSLL on the difference between declared and market value.
- The updated value becomes the new acquisition cost for future sales, and the regime enables regularization of lawful undeclared assets, including abroad, with provisions that can extinguish punishability if conditions are met.
- The Senate’s official estimate puts the fiscal effect near R$19 billion, while the relator and government allies project up to R$25 billion in budget relief through 2026.
- The text reincorporates lapsed IOF MP measures such as limits on PIS/Cofins and previdenciary compensations, Pé-de-Meia adjustments, a 30‑day cap for Atestmed sick‑leave benefits, a 90‑day adhesion window, and a negotiated guarantee of an administrative appeal instance in regulation.