Brazil approves tax end in international purchases up to $50

Athe proposal entered Lula's negotiations with the presidents of the House of Deputies and Senate last week, which after pacification with the Palácio do Planalto, when they signaled giving priority to the theme.

In the election campaign, Brasilia is full of deputies and senators this week mobilized in the so-called “concentrated effort”, an expression used to accelerate assessments and deliberations on proposals after agreements with the Palácio do Planalto and political leaders.

The end on the import tax on the products, mostly footwear and clothing, which benefits imported from Chinese platforms, was already in force in Brazil since May, but would lose its validity on September 8 if it was not approved by Congress.

In May of this year, when provisional measures were published, the Brazilian Textile Retail Association classified the measure as a “severe economic setback” and a “direct attack on national industry and retail”.

Along the same lines, the Brazilian National Confederation of Industry (CNI) claimed that the text is a setback, as it increases inequality between domestic and foreign companies.

Favorable at the end of the 20% import tax on imported products of up to $50, Lula da Silva must explore the approval of the measure by the Brazilian Congress in its election campaign.

This week, the Brazilian Congress has approved the following priorities of the Lula Government that now go to presidential sanction: National Policy on Critical and Strategic Minerals, plus the bill that creates tax incentives to stimulate the installation of data centers in the country.

The reduction of the working day, called “end of the 6×1 scale”, was approved by the Senate Constitution and Justice Commission (CCJ) on Wednesday, but should only be voted in plenary after the elections.

Also on Wednesday, the Proposal for Amendment to the Constitution (PEC) of Public Security, which allows the Government to create the Single Public Security System, and that will pave the way for Lula to create the Ministry of Public Security, also advanced in the Senate CCJ, but the vote in plenary is without due date.