With the president’s refusal, the maximum term remains until May 31; Planalto stated that the extension of the period would cause ‘imbalance of the flow of resources’
The president Jair Bolsonaro (without party) vetoed the bill approved by Congress that extended the deadline for submitting the declaration of the Individual Income Tax 2021 (IRPF). The text approved by the parliamentarians determines that the delivery can be made until July 31st. Initially, the term would end in April, but the period had already been extended by the IRS to May 31. With Bolsonaro’s refusal, deliveries must take place by the end of this month. The veto information was released by the General Secretariat of the Presidency on Wednesday, 5.
“After the technical manifestation of the competent ministries, it was necessary to have a full veto by the president, since the text contradicted the public interest by extending the deadline for payment of the IRPF for three months. This would result in a negative cash flow, as well as harm the collection of the Union, that of the states and municipalities, as it impacts on the transfer of resources destined to the Participation Fund of the States and the Federal District and the Participation Fund of the Municipalities ”, Justified the General Secretariat of the Presidency. “Thus, the proposal was vetoed because it caused an imbalance in the flow of resources, which would affect the possibility of maintaining refunds for taxpayers, in addition to compromising the collection of federal entities,” he continued. The presidential veto can still be overturned by Congress. To do this, parliamentarians need to convene a joint session – bringing together deputies and senators.