Lula signs bill for income tax exemption up to R$ 5,000, Senate Committee to review the IBS Management Bill as tax reform advances, and Minister Silveira announces the E30 fuel proposal and energy reform timeline

BRAZIL POLITICS - Report 18 Mar 2025 by Murillo de Aragão and Cristiano Noronha

President Lula signs the bill that provides for an income tax (IR) exemption for individuals earning up to R$ 5,000 per month at an event scheduled for this morning at the Planalto Palace. Notably, PLP 108/2024, the bill addressing the IBS Management Committee and regulating tax reform, has finally been sent to the Senate’s Constitution and Justice Committee. Yesterday, the Minister of Mines and Energy, Alexandre Silveira, gave an interview and stated that in 2025, the proposal to adopt E30— a blend of 30% anhydrous ethanol in gasoline—will be presented to the National Energy Policy Council (CNPE). Currently, the ethanol blend in gasoline is 27%.

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