The new tax reform provides for a zero rate for various foods, such as beef, pork, goat, lamb, 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 revision of the Brazilian tax system. The proposal defines differentiated rates for basic food products, including rice, milk and meat. Now the text returns for analysis in Câmara dos Deputados.
The measure aims to alleviate the tax impact on the items most consumed by the population, classifying products into two categories: zero rate and 60% tax discount.
Foods considered essential will be in the total exemption range, while others products will have partial discounts.
- Important Brazilian highway (BR) will receive COMPLETE duplication and works already have a delivery date
- Credit Card with easy approval in 2025
- The WORLD'S largest oil exporter lands in Brazil with R$8 BILLION with a focus on dominating the Brazilian mining sector
- How to issue the Senior Citizen Card
Zero-rate products
The zero rate covers a wide range of basic foods, promoting direct cost reductions for the consumer. The list includes:
- Grains and cereals: rice, beans, corn grains 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 fish: beef, pork, goat, lamb and poultry, as well as fish, with the exception of varieties such as salmon and cod.
- Other basics: sugar, salt, coffee, cassava and 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.
- Vegetables: nuts, fruit pulp, natural juices and processed vegetables.
- Cereal derivatives: cereal flour, cornstarch, sliced bread and biscuits.
- Vegetable oils: soybean, corn, canola and other non-exempt oils.
- Meat and seafood: crustaceans, with the exception of noble items such as lobsters.
In addition, tomato paste and bakery products appear among the items benefiting from the partial reduction.