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.
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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.
According to Carlos da Costa, the reason for the veto is technical. “This, at this moment, we are going to have to veto, for a very simple reason. There was no estimate that would fit within the tax compensations that would need to be made. The volume of tax compensations that should be made, if everything were sanctioned, he would have an increase in tax on other sectors, which is something the president has always said he is against. We do not increase taxes in this government, “he said.
According to the secretary, the government will negotiate directly with the sector to focus on reducing taxes on those companies that really need it.
“Those companies in these sectors that did not have a drop in revenue do not need this help. Very large companies, for example, also do not need this help. The solution should focus on those companies that have suffered the most and that are not that big, because of that the compensation volume is much less than what would be necessary. It is a veto that does not eliminate the tax advantage that we are going to give “, he explained.
Minister Paulo Guedes assured that the vetoes will be punctual “in the sense of improvement” of the project, in order, according to him, to avoid “legal imperfections that end up getting in the way”.
The full vetoes of the project should only be published in this Tuesday (4) edition of the Official Diary of the Union.
In addition to tax compensations, the measure approved by Parliament will allow companies in the sector to use resources from the Investment Guarantee Fund to provide guarantees for loans granted by the banking sector.
For financing taken under the National Support Program for Micro and Small Enterprises, 20% of the total available will go to companies in the events and hospitality sector.
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