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In November, the federal government intends to shake up Brazilians' financial routines with two major proposals: the end of the FGTS anniversary withdrawal and drastic changes to the IPVA. While access to the FGTS will be reformulated to increase the number of loans granted, the vehicle tax will become more expensive, directly affecting taxpayers' pockets.
The proposal to end the anniversary withdrawal, a model that allowed workers to withdraw part of their FGTS balance annually in the month of their birthday, is on the table. President Luiz Inácio Lula da Silva and the Minister of Labor and Employment, Luiz Marinho, approved the plan, which is now going to the National Congress. The government intends to replace the anniversary withdrawal with a new model of payroll-deductible loans, with direct deduction from payroll and greater flexibility for private sector workers.
According to Marinho, the idea is to strengthen the FGTS as a reserve in cases of unemployment, at the same time as access to credit is expanded for the population. In a new development for the category, domestic workers will be able to take out payroll loans, something that is currently impossible. To make things easier, a platform will be launched, bringing together all the banks that offer payroll loans and connecting them to workers. Currently, companies need to sign individual agreements with banks, which complicates the scenario for small and medium-sized businesses.
Furthermore, the new model will allow workers to use their FGTS balance as collateral in the event of dismissal. This is expected to make the financing process more accessible, promoting healthy competition among financial institutions, which promise to offer reduced rates to attract new beneficiaries.
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What about IPVA? Reform brings important changes
The tax reform promises to affect the pockets of drivers and also owners of boats and aircraft. Currently, IPVA is only levied on land vehicles, with fixed rates that vary from 2% to 4% depending on the state. The new proposal foresees progressive rates, where the value of the vehicle will determine the percentage of tax to be paid. More expensive cars will have higher rates, while more affordable models may have a reduction.
Thus, the reform proposes that more polluting vehicles pay a higher IPVA rate, encouraging the use of models with a lower environmental impact. This measure considers rates adjusted to the environmental impact of each vehicle, which means that owners of large vehicles, such as SUVs and pickup trucks, may have a surprise when paying taxes.
Another new measure being analyzed by the Senate is the possibility of different rates depending on the type of vehicle use. The proposal suggests that cargo or service vehicles pay more than passenger vehicles, but this issue is still pending final approval.
The IPVA reform also includes a charge for vessels and aircraft, which were previously exempt. These vehicles are expected to be taxed, although there are still debates about how this application will be regulated.
How does the current IPVA calculation work?
Currently, the IPVA varies according to the value of the vehicle and the rate defined by each state. Let's take as an example a vehicle worth R$100 in the state of Minas Gerais, where the rate is 4%. Applying the percentage, the tax amount would be R$4.
With the reform, this formula can change substantially, meaning that the tax is calculated not only based on the value of the vehicle, but also considering its price range, environmental impact and type of use.
Expectations and next steps for anniversary withdrawals and IPVA
With these proposals underway, the debate in the National Congress is expected to be intense. The reform of the anniversary withdrawal and the new IPVA rules represent a significant change in the country's financial scenario, aiming to modernize credit and taxation policies. However, for Brazilians, the impact on the budget will be inevitable.
The final decision on the anniversary withdrawal and changes to the IPVA should occur in the coming weeks, with expectations of approval in 2023. recommendation is that taxpayers monitor movements in Congress and include these changes in your planning for next year, as everything indicates that the new rules are here to stay.
