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1️⃣ Post original cont
It is reported that the Brazilian government hopes to make up for the loss of income by imposing a new minimum tax on high-income earners.
On March 18th, Jinshi Data News, sources said that the Brazilian government expects that the monthly income tax exemption of 5,000 reais will lead to revenue losses of 258.4 billion reais in 2026, 277.2 billion reais in 2027, and 296.8 billion reais in 2028. The Brazilian government hopes to offset the revenue losses by levying a new minimum tax on high-income earners. The minimum tax rate for high-income earners will apply to those with annual incomes exceeding 600,000 reais, with the tax rate gradually increasing with income, reaching a maximum tax rate of 10% for those with annual incomes exceeding 1.2 million reais.