Lula revokes Bolsonaro's decree that reduced taxes paid by large companies by R$ 5,8 billion.
The decree had been published in an extra edition of the Official Gazette of the Union on Friday (30)
247 - President Luiz Inácio Lula da Silva (PT) revoked, on Sunday (1), a decree from the government of former president Jair Bolsonaro (PL) that halved the rates paid by large companies. The decree, which removed R$ 5,8 billion from public coffers, signed by former vice-president Hamilton Mourão (Republicanos), had been published in an extra edition of the Official Gazette of the Union on Friday (30).
"The revocation was already expected. Even before taking office, Minister Fernando Haddad's (Finance) team had expressed concern about decisions by the previous government that could cause a loss of revenue for Lula, amidst an increase in expenses authorized by the National Congress that could raise the projected deficit in the accounts to over R$ 200 billion this year," the newspaper highlights. Folha de S. Paul.
The decree signed by Lula also revoked measures adopted by the previous government that halved "the rates of the additional freight charge for the renewal of the merchant marine. In addition, Mourão's decree extended the validity of tax incentives under PADIS (Program to Support the Technological Development of the Semiconductor Industry)."
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