PT Proposes Taxing Dividends at 15% and Taxing LCI, LCA, and Fortunes
Package foresees raising the rate on profits and dividends, taxing JCP and currently exempt investments, in addition to a tax on large fortunes.
TL;DR
- Four new bills propose increased taxation on large fortunes, financial investments, profits, and dividends in Brazil.
- The proposals aim to increase government revenue as part of fiscal adjustment efforts.
- Key proposals include a tax on net worth over R$15 million, income tax on LCIs, LCAs, and other exempt investments, and a 15% tax on profits and dividends.
- A tax on interest on own capital is also proposed to be increased from 17.5% to 20%.
- These initiatives come amid discussions about the government's fiscal adjustment strategy.