The scope of the new exemption could free 1.3 million people from advertising

The federal government has proposed expanding the income tax exemption (IR), which should cover up to 1.3 million people in total exemption in 2024. See what the new scope should be for Brazilians who will no longer have to pay IR from the following year and find out Whether it will be thought of.

Read more: Does anyone exempt from IR 2023 have any advantage in making a declaration?

The proposal provides for exemption for those receiving up to R$2,112. Under the current law, only Brazilians who earn up to R$1,903.98 per month are exempt from paying the tax. a Table update It is an old fee, as it has not been changed since 2015. Delays are costly for working citizens.

Scope of exemption from income tax

Correcting the schedule with the scope of the new exemption was a campaign promise of President-elect Luiz Inácio Lula da Silva (PT). With no correction since 2015, the cumulative gap in the IR table has reached 151.49%. Faced with this reality, the government proposed a change.

The change in scope now depends on approval by the National Congress to become law only then and take effect in time for the next declaration, i.e. in 2024. If approved, the proposal should include up to 1.3 million Brazilians in the scope of the exemption. The prediction is the result of the calculations he made National Association of Tax Auditors of the Federal Revenue Service of Brazil (Unafisco).

According to the survey data, with the correction, the number of exempt persons will increase from the current 8,944,261 to 10,294,779 in 2024. Today, according to federal revenue data, Brazil has 39,739,161 IR taxpayers.

After being elected president, Lula confirmed what he had said before. He argues that income tax exemption should apply to those earning up to R$5,000. a a permit In an interview with GloboNews. Despite the president’s idea, the value seems far from being applied in Brazil.