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IR exemption: Lula signs this Tuesday bill for those who earn up to $ 5,000

BySimon Rousseau Posted onMarch 18, 2025 12:31 am
Brazil, South Africa and Spain defend multilateralism and global reforms

President Luiz Inacio Lula da Silva will sign, on Tuesday, 18, the bill that exempts the Income Tax (IR) who receives up to R $ 5,000 per month, confirmed the Secretariat of Social Communication of the Presidency of the Republic (Secom).

The signature will be at an event scheduled for 11:30 am at the Planalto Palace, said Secom, confirming Estadão/Political Broadcast published earlier.

The event participates in the presidents of the Chamber, Hugo Motta (Republicans-PB), and Senate, David Alcolumbre (Union-AP), Finance Minister Fernando Haddad, and the chief minister of the Secretariat of Institutional Relations, Gleisi Hoffmann.

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Haddad says IR exemption cost up to $ 5,000 has been reduced by $ 8 billion

According to the minister, after the conversation with the Legislature’s command, Lula “probably” announces the final proposal on the subject this week

Exempt from paying income tax need to file the statement in 2025? Look

Understand the difference between the exemption of the payment of IR and the exemption from the delivery of the income tax return

After the ceremony, there will be a technical press conference to detail the proposal.

On Monday, 17, Haddad explained that the government has a recalculation and estimated that the resignation with the expansion of income tax exemption will cost about $ 27 billion, a less impact than the initially estimated $ 35 billion. The new estimate had already been anticipated by the Estadão/Broadcast.

Simon Rousseau
Simon Rousseau

Hello, I'm Simon, a 39-year-old cinema enthusiast. With a passion for storytelling through film, I explore various genres and cultures within the cinematic universe. Join me on my journey as I share insights, reviews, and the magic of movies!

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