05/22/2024 – 12:34
The Minister of Finance, Fernando Haddad, said this Wednesday, 22, that the National Congress has every legitimacy to regulate international purchases by law, in reference to the taxation of goods up to US$50, which are currently exempt from federal tax. The minister said that the concern of national industry and commerce with international purchases is well-founded, but defended an understanding between the Three Powers.
Haddad assessed that the Remessa Compliance program, which maintains federal tax exemption for international purchases up to US$50, is delicate because it involves companies that disguise commercial sales.
“Unfortunately, for five to six years now, these companies have used illegal methods to pass off what was a commercial sale as a shipment to an individual,” he said, during a hearing at the Finance and Taxation Committee of the Chamber of Deputies.
The minister also highlighted the agreements signed between the Executive and Congress regarding the tax exemption for the 17 sectors and municipalities. “MP 1202, which revoked the exemption, which caused a stir, is producing the effects expected by the Treasury,” he said.
Haddad also minimized the changes made by the Legislature to the economic team’s initial proposal. According to him, the Treasury has no intention of “taking everything” and is willing to negotiate.
Haddad repeated the mission of increasing revenues to 18% of GDP and reducing expenses, currently 19% of GDP. He also highlighted that Brazilian debt inspires caution as it involves the coordination of the Republic’s Powers.
The minister once again said that the government would not be discussing the debt trajectory if it were not for setbacks such as the “thesis of the century” in 2017, which excluded ICMS from the PIS/Cofins calculation base.
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