Brazil Payroll Tax Exemption Extension Not Against Law: Pacheco

Brazil Senate is “absolutely convinced” that tax relief for 17 business sectors by 2027 and a reduction in tax rates for municipalities is fundamental for the country, Senate President Rodrigo Pacheco said at a press conference in Brasilia.

• “We cannot distort a reality and we cannot attribute responsibility for Brazil’s fiscal problems to small municipalities,” he said
  • “It is important to check whether projects of interest to the government are of interest to Brazil”
• Instability created for municipalities and sectors involved is strange to understand, he said
• According to Pacheco, at the moment the Senate’s position is antagonistic to the ...