Real estate funds will remain tax-free, says rapporteur

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The government, when presenting the initial version of the text, suggested a 15% tax, which generated a negative reaction in Congress

The rapporteur of income tax reform in the Chamber, deputy Celso Sabino (PSDB-PA), announced this Tuesday that the opinion prepared by him maintains the exempt real estate funds of taxation. He anticipated the information on Twitter, before presenting the full text.

The government, when presenting the initial version of the text, suggested a 15% tax, which generated a negative reaction in Congress. “Our substitute will keep the SIEF unencumbered”, guaranteed Sabino. According to him, the compensation will be made in operations with shares of different modalities, for up to three months.

“Losses offsetting profits,” added the rapporteur. Sabino presents his opinion at a luncheon with party leaders and with the president of the Chamber, Arthur Lira (PP-AL), at the Official Residence of the Chamber of Deputies.

Changes are planned in the corporate income tax rate, which the government proposed to cut by 5 percentage points, and the inclusion of some measure of subsidy reduction. Dividends should continue to be taxed, despite some resistance from parliamentarians and sectors of the economy.

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palheta smll Real estate funds will remain tax-free, says rapporteur

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