Taxes

Bolsonaro Trims Down Long-Awaited Income Tax Reform Proposal

Bill raises exemptions for taxpayers and taxes dividends
Lower house head promises to vote bill by the end of 2021

Jair Bolsonaro
Photographer: Johis Alarcon/Bloomberg

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By Martha Beck

June 25, 2021 at 8:38 PM UTC

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A long-awaited proposal to overhaul Brazil’s income tax system was made less ambitious than originally planned amid changes ordered by President Jair Bolsonaro.