The Lower House approved the bill on the income tax exemption, the vote on the measure that taxes gambling was postponed to next week, and a draft bill is circulating that would counteract Trump’s sanctions

BRAZIL POLITICS - Report 02 Oct 2025 by Murillo de Aragão and Cristiano Noronha

With 493 votes in favor and none against, the Lower House approved the bill that exempts personal income tax (IRPF) on earnings up to R$ 5,000 (Bill 1,087/25). Despite resistance, the final text includes a tax of up to 10% on high incomes and dividends. Also on the agenda was the Joint Budget Committee’s vote on Provisional Measure 1303/25, which regulates taxation on gambling and exempt bonds. The vote, however, was postponed to October 7. Today, O Globo reported that a draft bill is circulating between the Supreme Court (STF) and the Attorney General’s Office (AGU) that would prohibit companies and financial institutions from complying in Brazil with sanctions imposed by foreign countries that violate national sovereignty.

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