The reporter puts the IR reform on the refrigerator and the new project proposes exemption of up to R$ 3,300

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After the proposal for a wide-ranging reform of the Income Tax stalled in the Federal Senate, the rapporteur, senator Angelo Coronel (PSD-BA), decided to put the text on the refrigerator and presented this Wednesday (15th) a separate bill to raise the range of exemption for individuals at R$ 3,300 monthly.

According to the author of the proposal, more than 19 million individual taxpayers would be exempt from income tax, if the measure is approved.

Today, the IRPF (Individual Income Tax) table grants exemption to those who earn up to R$1,903.98 per month. According to the Federal Revenue, this amount includes 10.7 million taxpayers.

The increase proposed by Coronel would mean a 73.3% readjustment in the exemption range, still below what would be necessary to restore inflation, after years of freezing in the table.

As Folha showed, the lag of more than 130% in the IRPF table will lead taxpayers to pay the Federal Revenue R$ 149 billion more than would have been owed had the table been readjusted for inflation since 1996.

Even so, the senator’s initiative is more generous than the government’s proposal, which was to expand this range to R$ 2,500, which would reach 16.3 million individuals.

In his proposal, Coronel also ends one of the IRPF collection ranges, which provides for a 7.5% rate.

The upper ranges, in turn, would remain the same, with rates of 15%, 22.5% and 27.5%. In these, the readjustment is smaller.

The maximum rate, for example, would be charged to those who earn more than R$ 5,300, 13.6% above the current R$ 4,664.68. The changes would be valid for the year 2022.

The waiver is estimated at R$35 billion. But, according to the senator, the Economic Policy Secretariat of the Ministry of Economy has already pointed out that the economic recovery and inflation will promote a structural growth in income tax collection of R$ 60 billion annually.

Coronel also seeks to prevent the table from being out of date in the future and has introduced a mechanism to automatically readjust values.

According to the project, whenever the accumulated inflation, since the last correction, exceeds 10%, the government must correct the IRPF table.

In a first analysis, Unafisco (National Association of Tax Auditors of the Federal Revenue) assesses that the news of the new project is good, but the correction in the upper ranges of the table is still timid.

In addition, according to the auditors, the approval of the proposal would still leave President Jair Bolsonaro (PL) far from fulfilling his campaign promise, of taking the IR exemption range to R$5,000 monthly.

Author of the proposal, Colonel predicts that the text should be discussed and voted on in early 2022, after the recess. The broader reform of the IR, on the other hand, lacks ample discussion, according to the senator.

The government’s proposal also changed the taxation of companies and financial investments, points on which there was no consensus. This made it difficult to advance the measure.

In the explanatory memorandum, Coronel cites the complexity of the income tax reform as a decisive factor in breaking up the proposal that benefits individuals.

“We chose, as a precaution, to segregate what in that bill constitutes a consensual and uncontroversial matter, namely: the updating of the values ​​contained in the monthly progressive table of Income Tax for Individuals (IRPF)”, said the senator.

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