PT Proposes Taxes on Large Fortunes, Dividends, and LCIs in Congress
PT caucus presents packages to create a tax on large fortunes and tax dividends and exempt investments to reinforce fiscal adjustment.
TL;DR
- Four new bills aim to increase federal revenue through new taxes.
- A progressive tax on net worth over R$15 million is proposed, with rates from 0.7% to 3%.
- Proposed tax on currently exempt financial investments like LCIs, LCAs, CRIs, CRAs, and incentivized debentures.
- Elimination of the R$50,000 monthly exemption for dividends, with a proposed 15% flat rate.
- Increase of the Income Tax rate on Interest on Own Capital (JCP) from 17.5% to 20%.
- Revenue from the proposed taxes is intended for the Fund to Combat and Eradicate Poverty, supporting health and education.