Government bets on exemption and reforms

BRAZIL POLITICS - Report 23 Sep 2020 by Murillo de Aragão and Cristiano Noronha

After a meeting with President Jair Bolsonaro and members of the government’s political and economic wings, the Minister of the Economy, Paulo Guedes, said that the country must extend companies’ payroll tax exemption. And, for that reason, it will need to look for “alternative taxes”.

Paulo Guedes also said that the government is looking into making a “soft landing” when the payment of the emergency aid installments, scheduled until the end of the year, ends. According to Guedes, the goal is to maintain the transfer of income program to the most vulnerable groups of the population.

The exemption from companies’ payroll tax, as well as the strategies to unblock the reform agenda, are important measures and represent positive signs for economic agents.

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