Motta says that tax crypto is an alternative in impasse on IOF

The mayor, Hugo Motta (Republicans-PB), said that implementing a tax on cryptocurrency transactions is one of the alternatives studied to avoid an increase in IOF as desired by the Ministry of Finance. Motta said this alternative “is a possible way”, but stressed that there is no closed agreement on the subject.

“Let’s work to get an agreement out this week.” Let’s talk to Fernando Haddad between today and tomorrow, ”he said.

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Motta should meet with the Finance Minister tonight to discuss the alternatives. He adopted a cautious tone regarding the measurements and avoided anticipating what the solution should be.

– Let me close right so as not to give wrong information or that generates another interpretation. Move with economy, you have to be careful.

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Last week, Motta announced that the government has ten days to present an alternative to increasing IOF. If this does not happen, the House should vote on a bill to overthrow the government’s decree.

In a parallel path, there is a movement to change the project that increases the exemption of income tax, under the rapporteur of former mayor Arthur Lira (PP-AL), to include tax relief measures. An alternative is to cut the current volume of tax waivers. Nevertheless, there is no closed agreement on the subject either.

Read more: In the midst of IOF’s impasse, Haddad gathers with presidents of the House and Senate

– The Progressives presented this proposal, with the perspective of linear cutting in the tax waivers, preserving the simple. You only need to adjust the cut percentage. Currently, we have $ 691 billion in exemptions and benefits – told the PP leader in the House, Doctor Luizinho (RJ), Globe.

According to the measures announced by the government last week, the IOF for credit card, debit and prepaid operations abroad rose from 3.38% to 3.50%. IOF for currency acquisition in kind went from 1.10% to 3.50%. Initially, the text also established a 3.5% charge for sending funds for international investment. This was the point that generated the most negative repercussion in the market, because the shipping of money abroad is common in various applications as a way of diversifying investments. In this passage, the farm retreated, and operations of this type remain exempt.