Brazil’s Congress passes simple cash flow tax reform textual content

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RIO DE JANEIRO, BRAZIL – Just after an settlement concerning Chamber of Deputies president Arthur Lira and deputies who were being continue to resisting the bill, the complete membership permitted the Profits Tax reform bill on Wednesday, September 1.

The plenary is nevertheless to vote on rider amendments, strategies for improvements to the approved primary text built by particular person deputies. Right after acceptance by the Chamber, the invoice requirements to be permitted by the Senate ahead of heading to president Jair Bolsonaro for enactment into legislation.

Among the other steps, the monthly bill foresees a reduction in corporate revenue tax and the development of a tax on dividends . . .

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