Portuguese 
English 
Spanish 
2 min of reading 
0 comments 
The New Tax Reform Proposes Zero Rate for Several Foods, Such as Beef, Pork, Goat, Sheep, Poultry, and Fish. Understand the Impact of This Measure on the Economy and Consumption.
The Federal Senate approved, last Thursday, the 12th, the regulation of the tax reform, marking another step in the review of Brazil’s tax system. The proposal sets differentiated rates for basic basket products, including rice, milk, and meats. Now, the text returns for analysis in the Chamber of Deputies.
The measure aims to alleviate the tax impact on the most consumed items by the population, classifying the products into two categories: zero rate and a 60% discount on taxes.
Essential foods will fall under the total exemption category, while other products will have partial discounts.
-
Experts say that China and Europe should join forces to reconfigure the global order, strengthen UN-centered multilateralism, and expand cooperation in trade, technology, and climate amid the US withdrawal and the advance of a multipolar world.
-
War with Iran halted 20% of the world’s oil, and now 70 supertankers are sailing to the US while desperate countries rush to Beijing in search of clean energy that only China can provide.
-
While China develops giant batteries and magnetic levitation trains, Brazil still hasn’t managed to get the bullet train between São Paulo and Rio off the ground, and now receives R$ 4 billion from Germany for an energy transition that the specialist says is behind schedule in its execution.
-
The US renews the license for the 759-megawatt Robinson nuclear power plant for another 20 years, until 2050, ensuring energy for 570,000 homes, nearly 500 jobs, and reinforcing Duke Energy’s plan to extend its 11 nuclear units.
Products With Zero Rate
The zero rate covers a wide range of basic foods, directly promoting cost reduction for consumers. The list includes:
- Grains and Cereals: rice, beans, corn grain, and oats.
- Dairy Products: pasteurized liquid milk, powdered milk, butter, margarine, various cheeses (such as mozzarella, minas, prato, curd, ricotta, and cream cheese) and infant formulas.
- Meat and Seafood: beef, pork, goat, sheep, and poultry, as well as fish, excluding varieties such as salmon and cod.
- Other Basic Items: sugar, salt, coffee, cassava flour, wheat flour, pasta, roots, tubers, and French bread.
However, the Senate made adjustments to the initial list, removing items such as corn and soybean oil, keeping only babassu oil as exempt.
Products With 60% Discount
Other items will have a partial reduction in tax burden, with a 60% discount. These products include:
- Processed Dairy Products: fermented milk and dairy drinks.
- Horticultural Products: hard-shelled fruits, fruit pulps, natural juices, and processed horticultural products.
- Cereal Derivatives: cereal flour, corn starch, sliced bread, and crackers.
- Vegetable Oils: soybean, corn, canola, and other non-exempt oils.
- Meats and Seafood: shellfish, excluding high-end items such as lobsters.
Additionally, tomato paste and baked goods appear among the items benefiting from the partial reduction.
Be the first to react!