Will Brazilian Congress pass any income tax reform until the end of 2027?
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Resolves as YES if both the Brazilian Chamber of Deputies and the Senate pass any single bill that either: 1) changes personal income tax rate bands (creates new ones, or alters or removes existing bands); OR 2) alters current exemptions (creating or removing exemptions or imposing new limits), with an impact estimated to at least 20% or more of the values of the existing exemptions in the year before the reform is approved.
- Mere corrections of the income tax table by the inflation do not count, if applied equally to all the existing tax bands; nor do individual new tax exemptions that do not reach the minimum impact stated.
