Pacheco said Congress will present a solution to the parliamentary fund transfer issue, the Senate approved the payroll tax relief bill, and Pacheco said the Tax Reform bill’s urgent status will need to be removed
After a meeting between representatives of the three branches of government, Senate President Rodrigo Pacheco stated that the National Congress will present, within 10 days, a definitive solution regarding the execution of parliamentary fund transfers. This announcement helps to reduce the political tension in Brasília. Following the meeting on parliamentary fund transfers, the Senate approved the bill addressing payroll tax relief. As we had anticipated, given the resistance, Jaques Wagner (PT-BA), the rapporteur, decided not to propose an increase in the Income Tax on Interest on Equity (JCP) from 15% to 20% as part of the offset for the revenue loss due to the tax relief. Regarding Tax Reform, Rodrigo Pacheco said that it is not feasible for the Senate to vote on PLP 68/24 during the municipal election period. He mentioned that, at some point, the government will need to remove the constitutional urgent status from the text.
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