Congress Discusses Overturning IOF Increase

"The Executive n can spend it without money," and "the state n the generation of wealth, consumption". It was so that the President of the C Sea of the MPs, Hugo Motta (Republicans-PB), responded to the increase in the tax burden promoted by the government Luiz In cio Lula da Silva (PT). Read more (05/27/2025)

The Secretary of the Federal Revenue Service, Robinson Barreirinhas, participated in a hearing at the Chamber of Deputies on Tuesday (May 27, 2025). Some congressmen commented on the government's recent decision to increase the IOF (Tax on Financial Transactions) to strengthen revenue collection. The head of the IRS did not address the issue during his speeches. During the hearing, the deputies said that the tax is regulatory and cannot be used …

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Twelve parliamentary fronts of the Congress, including those of the Agropecuary – also called a rural bank, Trade and Services and Entrepreneurship, expressed on this Wednesday, 27th, in joint note, "total non-compliance" with the government's decree to increase the tax rates on Financial Operations (IOF) and support the leader's project... The post Twelve parliamentary fronts declared support for the project to limit the increase of the IOF app…

According to the entities, the decision of the Lula government to increase IOF generates impreciseness and increases costs for production in the country.

The National Congress is moving to limit the increase in the Tax on Financial Operations (IOF), recently announced by the federal government. Within less than 24 hours after the announcement, some 17 legislative Decrees (PDLs) projects were presented by parliamentarians from different parties. These projects aim to cancel the executive's decree providing for the increase in the tax, arguing that the measure negatively affects the change, loans, …