Brazil's Income Tax Reform: A Game Changer

Loading... Brazil's Congress is advancing a tax reform to raise income exemptions, impacting millions.

New Exemption Threshold: R$ 5,000 Monthly

Loading... The proposal raises the income tax exemption to R$ 5,000, benefiting 10 million Brazilians.

Loading... Affected individuals could save an average of R$ 4,356.89 annually in taxes.

Loading... The reform may lead to a significant tax revenue loss, requiring new taxes on higher incomes.

Loading... New rates will tax individuals earning over R$ 600,000, aiming for fiscal balance.

Loading... A 10% tax on profits and dividends sent abroad aims to curb tax evasion.

Loading... Brazil's Ibovespa index hits 120,000, reflecting positive investor sentiment.

Loading... The reform's approval is crucial before the 2026 elections, impacting economic disparities.

Loading... The upcoming plenary vote will determine the reform's fate, affecting millions and the economy.

Loading... This reform is a significant move towards equitable taxation, with wide-ranging implications.