In January, President Jair Bolsonaro reinforced his promise to raise the exemption limit to R $ 3,000, currently at R $ 1,903 per month; however, with pressure to return emergency aid, the change should not happen
A IRS this Wednesday presents the rules of the Declaration of Income tax of the Individual. In January, the president Jair Bolsonaro reinforced the promise to raise the exemption limit to R $ 3,000, currently R $ 1,903 per month. However, the deductions table has not changed since 2015. The National Association of Revenue Auditors points out that the new limit would benefit 4.3 million taxpayers. The president of Unafisco, Mauro Silva, explains where there could be fiscal space for the new ceiling. “Brazil annually, only in federal terms, grants R $ 457 billion in tax expenses, exemptions. These R $ 457 billion, at least R $ 315 billion, are what we call tax privileges, they are benefits that do not return, do not bring returns to society.
With an impact of R $ 74 billion, there will be hardly any changes in the Income Tax, especially at a time when the government is looking for ways to extend the emergency aid and also zero taxes on fuels to curb the price of diesel. On social media, President Bolsonaro said he was trying, at least for 2022, to raise the ceiling, reaching R $ 5,000 by the end of his term, but he shouldn’t be able to because of the pandemic. According to Unafisco, the Income Tax table has lagged since 1996 and has accumulated a 104% loss on inflation.
* With information from reporter Marcelo Mattos