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COUNTRY INSIGHTS

Congress may complete the vote on the LDO, today is the deadline to submit edits to the offshore funds bill, and the STF may adjudicate the ICMS tax rate case on Thursday
BRAZIL POLITICS · Report · 20 Nov 2023

Congress may complete the vote on the Budget Guidelines Law (LDO). Deputy Danilo Forte (União Brasil-CE), rapporteur of the Budget Guidelines Law (LDO), should submit his final report today, November 20, or tomorrow, November 21 at the Joint Budget Committee (CMO). Today is the deadline for prese...

Deputy Forte announced that the zero-deficit fiscal target will be maintained, Thursday is the deadline for Lula to sanction or veto the payroll tax exemption bill, and the STF may adjudicate the ICMS tax rate case
BRAZIL POLITICS · Report · 17 Nov 2023

The rapporteur of the bill that deals with the Budget Guidelines Law (LDO), Deputy Danilo Forte (União Brasil-CE), announced yesterday, after a meeting with the government, that the target for next year will be a zero deficit, as defended by the economic team. This is a victory for the Minister o...

The STF will adjudicate appeals regarding the breach of sentences in tax matters, Lula should appoint a new Prosecutor General in the coming days, and the Alesp should hold a public hearing on the privatization of Sabesp
BRAZIL POLITICS · Report · 16 Nov 2023

Today, November 16, the Supreme Federal Court (STF) will adjudicate appeals from companies regarding the breach of sentences in tax matters. In February, the Court decided that final judicial decisions in favor of taxpayers could be annulled if the Court established a different understanding of t...

The deadline for submitting edits to the LDO ends on Friday, Lula will meet with the economic team to discuss the fiscal target, and tomorrow is a national holiday
BRAZIL POLITICS · Report · 14 Nov 2023

The deadline for submitting edits to the Budget Guidelines Law (LDO) was extended from Thursday, November 16, to Friday, November 17. The change was due to the national holiday tomorrow, November 15. Today, November 14, President Lula will have a meeting with members of the economic team, and the...

The CAE will analyze the bill on the taxation of exclusive and offshore funds, the report on the LDO maintained the zero-deficit target for 2024, and there is a national holiday on Wednesday, November 15
BRAZIL POLITICS · Report · 13 Nov 2023

Last Thursday, November 9, the Senate received the bill on the taxation of exclusive and offshore funds. It will be analyzed by the Senate Economic Affairs Committee (CAE) before being put to a vote in the plenary. Regarding the budget, the preliminary report of Deputy Danilo Forte (União Brasil-...

Justice Barroso modified his vote in the FGTS correction case, the Tax Reform proposal still has not been submitted to the House, and there will be a federal holiday on Wednesday next week
BRAZIL POLITICS · Report · 10 Nov 2023

Yesterday, November 9, during the trial of the case on the FGTS correction index in the Supreme Federal Court (STF), Justice Luís Barroso, rapporteur of the case, modified his vote postponing the change in the TR correction for savings to 2025. This was a government request. Also yesterday, the r...

The Tax Reform proposal was approved in the Senate, Haddad met with party leaders to discuss the ICMS subsidy, and the STF resumes analysis of the ADI on the FGTS correction
BRAZIL POLITICS · Report · 09 Nov 2023

The government had an important victory in the Senate by guaranteeing the approval of the Tax Reform proposal in two rounds. The score was tight, with just 4 votes more than the minimum required, at 53 votes in favor and 24 against. Yesterday, November 8, Haddad met with Lira and party leaders fr...

The CCJ approved Senator Braga’s report on Tax Reform, Haddad may have a meeting with party leaders today to discuss the ICMS subsidy, and the ADI on the FGTS correction is on the STF’s agenda today
BRAZIL POLITICS · Report · 08 Nov 2023

Yesterday, November 7, the Senate Constitution and Justice Committee approved Senator Eduardo Braga's report on Tax Reform. The plenary also approved, by 48 to 24, a request for a special schedule. Today, November 8, the Minister of Finance, Fernando Haddad, may have a meeting with party leaders ...

The CCJ may vote on Senator Braga’s report on Tax Reform today, the Joint Budget Committee may vote on Deputy Forte’s preliminary report, and Lira and Pacheco said the government should continue to pursue the zero-deficit target
BRAZIL POLITICS · Report · 07 Nov 2023

Today, November 7, the Constitution and Justice Committee (CCJ) of the Senate may vote on Senator Eduardo Braga's (MDB-AM) report on the Tax Reform Constitutional Amendment Proposal (PEC). Also today, the Joint Budget Committee may vote on the preliminary report of Deputy Danilo Forte (União Bras...

The fiscal conflict and other weekly topics
BRAZIL POLITICS · Report · 06 Nov 2023

In the Senate, the highlight is the vote on Tax Reform. Discussions continue around the fiscal target for 2024. On Tuesday, the Joint Budget Committee votes on the preliminary report on the Budget Guidelines Law (LDO). Appointments to the Central Bank (BC) may be sent to the Senate. The STF may a...

The CCJ should vote on Senator Braga’s report on Tax Reform tomorrow, the Joint Budget Committee should vote on Deputy Forte’s preliminary report, and the STF should resume analysis of the FGTS ADI
BRAZIL POLITICS · Report · 06 Nov 2023

On Tuesday, November 7, the Constitution and Justice Committee (CCJ) of the Senate may vote on Senator Eduardo Braga's (MDB-AM) report on the Tax Reform Constitutional Amendment Proposal (PEC). The objective is to vote on the text on Wednesday and Thursday in the plenary. Also on Tuesday, Novembe...

The goal is to vote on Tax Reform in the Senate by the end of November, the payroll tax bill will be sent to Lula for approval, and the STF may resume analysis of the FGTS case
BRAZIL POLITICS · Report · 03 Nov 2023

In the Senate, the focus is on Tax Reform. In a meeting with the Ministry of Finance, the rapporteur, Senator Eduardo Braga (MDB-AM), said that he is making small changes to his text. Although there may be a delay in this schedule, the vote is expected to be completed in the Senate in November. T...

Lula says the fiscal target depends on the approval of the government’s proposals in Congress, the question is whether the government will maintain the zero-deficit target, and tomorrow is a federal holiday
BRAZIL POLITICS · Report · 01 Nov 2023

During the meeting with the Minister of Finance, Fernando Haddad, party leaders, and other ministers, President Lula made some important points, namely that the fiscal target for next year depends on the National Congress’s approving the measures sent by the government to increase revenue by the ...

Haddad announced new members of the Central Bank Board of Directors, Lula will meet with Haddad to discuss the economic agenda, and the House may vote on the creation of infrastructure debentures this week
BRAZIL POLITICS · Report · 31 Oct 2023

Rodrigo Teixeira was announced for the Relationship, Citizenship, and Conduct Supervision Directorate of the Central Bank, and Paulo Picchette for International Affairs and Corporate Risk Management. Today, President Lula will meet with Haddad, leaders, and presidents of allied parties to discuss...

A polarized country and other weekly topics
BRAZIL POLITICS · Report · 30 Oct 2023

The offshore and exclusive funds bill begins analysis in the Senate. Fernando Haddad and Arthur Lira meet with party leaders to discuss the ICMS subsidy bill. The holiday on Thursday, November 2, reduces activity in the Legislature. In the economy, the highlight is the Central Bank meeting to dec...

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