Justice Mendes suspended the trial on the inclusion of pension plans in the incidence of the ITCMD tax, the House should conclude voting on the Tax Reform bill, and the CAE will hold a public hearing on Tax Reform today

BRAZIL POLITICS - Report 27 Aug 2024 by Murillo de Aragão and Cristiano Noronha

Yesterday, Supreme Federal Court (STF) Justice Gilmar Mendes requested a review and suspended the trial discussing whether the Inheritance and Donation Tax (ITCMD) applies to the transfer of private pension plan funds upon the death of the account holder. Before the suspension, the vote stood at 3 to 0 against the imposition of the tax. The Lower House is expected to conclude voting on the second Tax Reform bill this week and send the text to the Senate. It’s worth noting that an edit to the text regarding this very point of the ITCMD is still pending a vote. The Senate's Economic Affairs Committee (CAE) is holding a public hearing today with representatives from the real estate and construction sectors to discuss the first Tax Reform bill approved by the House.

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