The Senate should start voting on the Brazil Agenda soon.
With the approval of the bill that reduces tax breaks granted by the government to 56 sectors of the economy, the Senate Plenary should begin to focus on the so-called Agenda Brasil; one of the projects that could already be voted on is the one dealing with the repatriation of financial assets and property from abroad, authored by Senator Randolfe Rodrigues; "We want to vote on Agenda Brasil. The repatriation project is maturing to be voted on," said Senator Romero Jucá.
Luciano Nascimento, with information from the Senate Agency.
With the approval of the bill that reduces tax breaks granted by the government to 56 sectors of the economy, the Senate Plenary should begin to focus on the so-called Brazil Agenda.
One of the projects that could already be put to a vote is the one dealing with the repatriation of financial assets and property from abroad, authored by Senator Randolfe Rodrigues (Psol-AP). "We want to vote on the Brazil Agenda. The repatriation project is maturing and ready to be voted on," declared Senator Romero Jucá (PMDB-RR).
Senate Bill (PLS 298/15) states that Brazilians who have accounts or assets abroad that have not been declared to the Federal Revenue Service will have 120 days to declare these amounts, subject to payment of a 17,5% income tax rate, plus a 100% penalty on the assessed tax.
The rapporteur, Delcídio Amaral (PT-MS), has already stated that he wants to prevent the initiative from facilitating the entry of money originating from corruption and other crimes. According to him, the text of the bill "will bring clear rules to separate good money from bad money."
In addition to the repatriation bill, senators may also vote on a proposed Constitutional Amendment (PEC) 84/15 by Senator Ana Amélia (PP-RS), which prohibits the Union from creating expenses for states, the Federal District, and municipalities without providing for the transfer of resources to cover those costs. The PEC establishes that the law will not create any financial burden on these federated entities arising from the provision of public services without providing for the corresponding transfer of financial resources necessary to cover those costs.