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With vetoes, Bolsonaro approves bailout project for events sector

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The president Jair Bolsonaro decided to veto some parts of the bill that creates the Emergency Program for the Resumption of the Events Sector (Perse). The announcement was made by the President himself to the press, at the Planalto Palace, in the early evening of this Monday (3). He was accompanied by the Minister of Economy, Paulo Guedes, and by the secretary of productivity, employment and competitiveness of the portfolio, Carlos da Costa.ebc With vetoes, Bolsonaro approves bailout project for events sectorebc With vetoes, Bolsonaro approves bailout project for events sector

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The bailout text for the events sector was approved by the National Congress on April 7 and had to be sanctioned by the president until today. The approved measure provides for the installment payment of debts of companies in the events sector with the federal tax authorities, in addition to other actions to compensate for the loss of revenue due to the covid-19 pandemic.

The intention is to benefit, for example, hotel companies in general, cinemas, event houses, nightclubs, theaters, and companies that hold or market congresses, fairs, trade fairs, shows, parties, festivals, symposia or shows in general and sporting, social, promotional or cultural events, in addition to non-profit entities.

The project provides for a zero rate of PIS / Pasep, Cofins and Social Contribution on Net Profit (CSLL) for 60 months and the extension, until December 31, 2021, of the Emergency Credit Access Program for companies in the sector.

And it is precisely the reduction of taxes one of the items that will be vetoed by Bolsonaro. “Some vetoes will be necessary, in order to avoid even a judicialization”, justified the president.

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