IR: Check how much you will pay if the new schedule is approved | Economie

See what it would look like with the income bracket

Income: 1.5 thousand Brazilian riyals
Amount Paid: 0 Brazilian Real
How much will you pay: 0 BRL

Income: Rls 2000
How much is paid: 7.20 BRL
How much will you pay: 0.00 BRL
Tax Reduction: 100%

Income: 2.5 thousand Brazilian riyals
Amount paid: 44.70 BRL
How much will you pay: 0.00 BRL
Tax Reduction: 100%

Income: 3 thousand Brazilian riyals
Amount paid: 95.20 BRL
How much will you pay: 37.50
Tax reduction: 60.6%

Income: 3.5 thousand Brazilian riyals
How much to pay: 170,20.000
How much will you pay: 97.50.000
Tax reduction: 42.7%

Income: 4 thousand Brazilian riyals
How much do you pay: 263.87
How much will you pay: 172.50 BRL
Tax reduction: 34.6%

The correction will mean tax cuts for the 30 million Brazilians who file income tax returns today, and 5.6 million more exempt, for a total of 16.3 million exempt.

The tax cut is part of the second phase of tax reform and was a campaign proposal by Jair Bolsonaro. At the time, he even promised to increase that limit to R$5,000, which ended up not being verified.

The Federal Government has transmitted to the National Congress the text of the Phase II Tax Reform Bill, which introduces changes to the Income Tax Act. The letter confirming the dispatch of the PL was published in an additional edition of the Official Gazette of the Federation circulating on the afternoon of Friday, 25.

In the morning, the official delivery of the proposal to Congress was celebrated, but until about 17:00 the room was still waiting for the official presentation of the text, the radio reported, and the document was not recorded in Casablanca. the system.

The project provides for expanding the exemption limit for individuals from 1.9 thousand Brazilian riyals to 2.5 thousand Brazilian reais, reducing corporate taxes, the rate of profits and dividends.