Congressional pressure to overturn Lula’s IOF decree continues to mount, the STF will hear a case on the CIDE tax on money transfers abroad, and the Senate may vote on a bill that increases federal salaries

BRAZIL POLITICS - Report 28 May 2025 by Murillo de Aragão and Cristiano Noronha

In Congress, pressure continues to mount to overturn President Lula’s decree raising the IOF tax. The agribusiness caucus is working in coordination with other parliamentary fronts to approve a legislative decree nullifying the tax hike. Pressure on public finances is also coming from the Judiciary. Today, the Supreme Federal Court (STF) is scheduled to hear a case concerning the applicability of the Contribution for Intervention in the Economic Domain (Cide) on money transfers abroad. The Senate may vote in plenary today on the bill that adjusts the salaries of federal executive branch civil servants. The bill has already been approved by the Lower House.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2025 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.