The Senate CCJ unanimously struck down the Privileges PEC, the rapporteur on MP 1303 presented his report on the measure, and the vote on the income tax exemption bill is scheduled for next week

BRAZIL POLITICS - Report 25 Sep 2025 by Murillo de Aragão and Cristiano Noronha

After strong political and popular backlash against the “Privileges Constitutional Amendment Proposal (PEC),” the Senate’s Constitution and Justice Committee (CCJ) unanimously approved Senator Alessandro Vieira’s (MDB-SE) report deeming the measure unconstitutional. Congressman Carlos Zarattini (PT-SP), rapporteur for Provisional Measure 1303, presented his report on the measure. He included in his report the creation of the Special Regime for the Regularization of Virtual Assets (RERAV), aimed at the voluntary regularization of virtual assets not declared to the Federal Revenue Service (RFB), or declared with omissions or errors, up until December 31, 2025. Regarding the bill granting an income tax exemption to individuals earning up to R$5,000 per month, the vote is scheduled for October 1 in the Lower House Plenary.

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