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BRAZIL: Haddad May Announce Income Tax Exemption For Earnings Up To BRL5,000/mth

BRAZIL
BulletEM BulletEmerging Market News
  • "BRAZIL'S HADDAD IS EXPECTED TO ANNOUNCE INCOME TAX EXEMPTION TO THOSE EARNING UP TO 5,000 REAIS, SAYS SOURCE" - Reuters
  • Previously President Lula had requested studies to ensure that by the end of 2026 an income tax exemption will be applied to earnings up to 5,000 reais ($880) a month, Finance Minister Fernando Haddad said in September. Therefore the above amount appears to refer to a monthly threshold. Timeframes for implementation remain unclear for now.
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  • "BRAZIL'S HADDAD IS EXPECTED TO ANNOUNCE INCOME TAX EXEMPTION TO THOSE EARNING UP TO 5,000 REAIS, SAYS SOURCE" - Reuters
  • Previously President Lula had requested studies to ensure that by the end of 2026 an income tax exemption will be applied to earnings up to 5,000 reais ($880) a month, Finance Minister Fernando Haddad said in September. Therefore the above amount appears to refer to a monthly threshold. Timeframes for implementation remain unclear for now.