Congress overrode most of Lula’s vetoes to the Budget, Lula’s veto on the Betting Law was also overridden, and Haddad announced an agreement on the payroll tax relief issue

BRAZIL POLITICS - Report 10 May 2024 by Murillo de Aragão and Cristiano Noronha

The Plenary of the Congress overrode most of President Lula's vetoes to the 2024 Budget Law, increasing the value of permanent committee funds by R$4.2 billion—from R$11 billion to R$15.2 billion. Legislators also overrode Lula’s veto on the Betting Law, specifically the section on how Income Tax (IR) will apply to sports betting prizes. The Minister of Finance, Fernando Haddad, and the President of the Senate, Rodrigo Pacheco (PSD-MG), announced yesterday an agreement on the taxation of the 17 economic sectors covered by the payroll tax relief policy.

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