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Mercosur: avanza acuerdo por los aranceles
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Brazil Treasury official sees budget surplus in 2023 as economy grows
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UPDATE 3-Brazil Treasury official sees budget surplus in 2023 as economy grows
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Mercosur: Economy Miniser says Brazil could not be a prisoner of an institutional arrangement that degenerates trade
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By Reuters Staff
2 Min Read
BRASILIA (Reuters) -Brazil’s lower house of Congress is expected to vote on tax reform next week, with the bill likely be amended to exclude certain small companies’ profit and dividend taxes, senior lawmakers steering the process said on Wednesday.
Voting on the stage of the bill aimed at simplifying and lowering personal, income taxes and levies on corporate profits will take place when Congress returns from recess next week, Speaker Arthur Lira told GloboNews.
Speaking in Brasilia, deputy Celso Sabino, the bill’s sponsor in the lower house, said small firms registered with the “Simples” tax regime will likely be exempt from paying tax on profits and dividends.