Brazil final tax rate slightly higher than the one approved by Congress, special tax secretary says

01/16/2025

Less than a minute

2025.01.16 16:48

SAO PAULO (Reuters) – The final version of the Brazilian tax reform sanctioned on Thursday by Brazil President Luiz Inacio Lula da Silva is slightly higher than the one approved by the lower house before it went to the senate, special secretary for tax reform Bernard Appy said.

© Reuters. FILE PHOTO: Brazil's Extraordinary Secretary for Tax Reform Bernard Appy and Finance Minister Fernando Haddad attend a meeting with mayors in Brasilia, Brazil March 13, 2023. REUTERS/Adriano Machado/File Photo

The final tax rate keeps the essence of the text approved by congress, he said, adding that all vetoes were justified by technical adjustment or a constitutionality question.

Estimates from the Ministry of Finance indicate that the standard rate of the new consumption tax will be around 28%, he added.

01/16/2025

Less than a minute

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