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Haddad: 20 Million Brazilians Shouldn't Be Paying Ir

Summary by CartaCapital
The expectation is for the approval of the exemption for those who win up to R$ 5 thousand, a Lula campaign promise and advanced this week at the National Congress
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Finance Minister Fernando Haddad said he is confident in the approval of one of President Luiz Inácio Lula da Silva's (Workers' Party) main campaign promises: adjusting the IRPF (Individual Income Tax) tax rate. He emphasized that the measure will benefit 25 million Brazilians and will be funded by taxes on a small portion of the very high-income population. At a PT (Workers' Party) event on the economic situation this Saturday (August 23, 2025)…

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The expectation is for the approval of the exemption for those who win up to R$ 5 thousand, a Lula campaign promise and advanced this week at the National Congress

·São Paulo, Brazil
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CartaCapital broke the news in São Paulo, Brazil on Saturday, August 23, 2025.
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