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1h ago

Senate Sets Vote on Income Tax Exemption to R$5,000 as Organized Crime CPI Launches

Rapporteur Renan Calheiros kept the lower-house text intact to speed presidential sanction, pairing the move with a separate plan to tax bets, banks and fintechs for fiscal balance.

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Overview

  • Senators on the Economic Affairs Committee are set to vote today on PL 1,087/2025, which exempts earners up to R$5,000 from personal income tax, with a plenary vote expected Wednesday if approved.
  • Renan Calheiros preserved the Chamber-approved wording to avoid sending the bill back, enabling direct sanction this year so the new rules can start in 2026.
  • A separate bill on the CAE agenda raises levies on bets, banks and fintechs, with projected revenue of R$4.98 billion in 2026 and R$18.04 billion over three years.
  • The Finance Ministry cited IFI analysis that the reform is fiscally neutral or near-neutral, estimating net revenue loss around R$1 billion per year, which shapes the debate over compensation.
  • The Senate installs the CPI of Organized Crime today with a leadership fight under way, as the opposition pushes Flávio Bolsonaro for president, the government backs Fabiano Contarato, and Alessandro Vieira is expected as rapporteur.