The government may announce fiscal measures to compensate for payroll tax relief, the Senate may vote on the Mover bill, and the Tax Reform GT will hold a series of public hearings

BRAZIL POLITICS - Report 03 Jun 2024 by Murillo de Aragão and Cristiano Noronha

The government may announce measures to compensate for the payroll tax relief for companies and city halls. The rapporteur of the bill in the Federal Senate, Jaques Wagner (PT-BA), is waiting for the announcement of compensatory measures before he submits his report. The Senate may also vote on Bill No. 914/24, which establishes the Green Mobility and Innovation Program (Mover). The bill was approved in the House last week and provides financial incentives of R$ 19.3 billion over five years. The House Working Group (GT) on Tax Reform regulation of General Standards for the Tax on Goods and Services (IBS) and the Contribution on Goods and Services (CBS) will hold a series of public hearings. According to the announced work plan, the group will hold 17 public hearings in total.

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