Brazil’s Lower House Approves Income Tax Reform: Exemption up to BRL 5,000, New Tax on High Incomes
On Wednesday evening, 1 October, the House of Representatives approved the report presented by Arthur Lira on Bill No. 1087/25. The proposal exempts individuals earning up to BRL 5,000 per month from income tax and, as a compensatory measure, introduces taxation on earnings above BRL 50,000 per month or BRL 600,000 per year. The approved […]