Brazil Finance Minister: Selective Tax MP to Be Sent After Elections
Brazil's Finance Minister Dario Durigan announced the government reached an agreement with sectors affected by the Selective Tax and will send a provisional measure with proposed rates after the second round of elections. A follow-up meeting is scheduled next week. This signals a deliberate delay of a contentious fiscal measure until after the electoral cycle, reducing near-term political risk but leaving tax policy uncertainty unresolved.
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Brazil Tax Reform: Split Payment Reversal Claimed, Selective Tax Delayed Post-Election
Brazilian presidential candidate Flávio has claimed he will reverse the tax reform's split payment mechanism if elected, citing harm to corporate working capital. This claim is contested by Finance Minister Durigan, who has publicly rebuffed the proposal. Concurrently, the government has confirmed it will delay sending a provisional measure on the Selective Tax until after the second round of elections, indicating political maneuvering to avoid pre-election controversy.