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EDITION Nº 004 · BRAZILSATURDAY, OCTOBER 31, 2026 · 14:55
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GOVERNMENT & PUBLIC FINANCES31 OCT 2026 · 13:04

Braga is confirmed CBS rapporteur in the Senate and CAE will invite Durigan to the debate

Debate begins on 11/11 with public hearings, and the project needs to be approved in 2026 to take effect in 2027, according to Estadão.

BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM ESTADÃO · 2 MIN

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According to Estadão, Renan Calheiros (MDB-AL), president of the Economic Affairs Commission (CAE), confirmed on 10/31 (Saturday) senator Eduardo Braga (MDB-AM) as rapporteur of the project that sets the CBS reference rate, the new federal tax of the tax reform.

Braga is leader of the MDB and has already reported on the tax reform in the Senate, in addition to the complementary bills (PLPs) that regulated it. In other words, he arrives at CBS with a direct history on the topic.

According to Times Brasil and InfoMoney, the text is a Draft Resolution. The debate begins on 11/11, and Calheiros announced on X that the CAE will hold public hearings from that date onwards.

The calendar is the tightest point. According to Estadão, the project needs to be approved in 2026 to come into effect in 2027, and discussions are already scheduled to begin in November.

CAE will also invite Durigan to the debate, reports InfoMoney. The report did not detail the position he holds, which is why the name appears here without this qualification.

What changes for the investor

For those who invest, the main asset at stake is predictability. The CBS reference rate helps define how much companies will pay on consumption, and sectors with a higher tax burden tend to feel more affected by any change in this rule. It is worth following the hearings from 11/11 onwards, the text that Braga presents and the guest list, without drawing early conclusions about results or prices. Those who defend fiscal responsibility and a simpler tax system have reason to watch the process closely, because the final rule still depends on a vote in Congress.

Automatically translated from Portuguese.

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