Sugar, meat, cassava flour, wheat flour, coffee, oil or butter, among other products, are in the measure
El Economista – Mexico City
The president of Brazil, Luiz Inácio Lula da Silva, has sanctioned the bill that regulates the consumption tax reform, which simplifies rules, Predictability is provided to collection and taxes are eliminated from items in the shopping cart.
The regulations determine the total exemption from taxes for foods considered essential for the basic basket, such as sugar, meat, cassava flour, wheat flour, coffee, oil or butter, among others.
Another approved change is the incidence of the selective tax, which taxes products considered harmful to health and the environment, such as, for example, sugary drinks.
During the signing, the president highlighted that the new tax policy will benefit the poorest population and increase Brazil’s competitiveness on the global stage. “I am very grateful that we can give 213 million Brazilians a tax policy that guarantees the poorest pay less than the richest and guarantees that the richest pay fairly the taxes of this country”has stated
“Brazil finally decided to be a large, developed, competitive country and a country that can escape the poverty of a developing country to become a great country,” he added.
The tax reform measures will begin to give results from 2027, when they come into force. Thus, in advance, according to Lula, it is time to prepare Brazilian society, businessmen and investors to adapt to the new tax order of this country, so that, when it comes into operation, “all the fruits” can be reaped. let them be planted.
