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BRAZIL: Government Formally Presents Income Tax Exemption Bill

BRAZIL
  • "BRAZIL GOVT FORMALLY PRESENTS BILL SEEKING TO EXEMPT THOSE EARNING UP TO 5,000 REAIS PER MONTH FROM INCOME TAX" (RTRS)
  • "HOFFMANN: PROPOSAL WILL BENEFIT 10 MILLION INDIVIDUALS" (BBG)
  • Purely procedural - On Monday, Finance Minister Fernando Haddad announced that the federal government's calculation is that extending the income tax exemption for workers earning up to R$5,000 will have an impact of R$27 billion on public accounts.
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  • "BRAZIL GOVT FORMALLY PRESENTS BILL SEEKING TO EXEMPT THOSE EARNING UP TO 5,000 REAIS PER MONTH FROM INCOME TAX" (RTRS)
  • "HOFFMANN: PROPOSAL WILL BENEFIT 10 MILLION INDIVIDUALS" (BBG)
  • Purely procedural - On Monday, Finance Minister Fernando Haddad announced that the federal government's calculation is that extending the income tax exemption for workers earning up to R$5,000 will have an impact of R$27 billion on public accounts.