Tax reform: those who postpone preparation could end 2027 under the new tax

Anyone who pushes adaptation until later runs the risk of, in 2027, having the new tax already making management decisions, according to Estadão. The column criticizes companies that would reach that date without having carried out the management planned for 2022. The reform date has already been set and the schedule has been published.

In government, the scenario is still in flux. According to Times Brasil, Dario Durigan, from Finance, will take to Lula, after a meeting on Tuesday (3), the provisional measure with the Selective Tax rates. The measure left the Finance department and is now waiting at the Civil House, from where it will go to Congress after the conversation with the president.

According to the same vehicle, four items under discussion tend to increase the tax burden in Lula's fourth term: the extra collection of the Selective Tax, a CBS with a higher rate than expected, the possibility of levying IOF on investments that currently escape it and the withdrawal of tax incentives. For those who invest, charging IOF on applications that currently do not pay is the most sensitive point on the list.

In the companies' cash register, Exame says that the amount arrives today with taxes already included, and payment to the tax authorities only happens in a later period, in a window between 30 and 40 days. According to the same report, the split payment of the reform requires companies to now review their cash flow and contracts.

The disconnect also appears in the discourse of the accounting sector. Reynaldo Lima Jr., head of Fenacon, told Poder360, in statements published on Monday (2), that micro and small companies (MSEs) are not yet ready. According to him, only large companies have organized themselves, while medium, micro and small companies still have doubts.

The framework therefore combines an already defined schedule, a provisional measure that still needs to pass through Congress and a cash calendar that puts pressure on companies before the rules are finalized.

How does this affect those who apply

The most direct effect on those who invest is in the list of measures under discussion. Higher CBS and Selective Tax charges, the possible taxation of investments that are currently tax-free and the reduction of tax incentives could affect the net return on some assets and the cost of operating companies. Companies with tight cash and little preparation for split payment may feel pressure on working capital, which tends to weigh more in sectors with lower margins. The text of the MP in Congress is what will define what comes out of the paper, and it is worth following it. This text does not indicate what to buy or sell and does not make price projections.

Automatically translated from Portuguese.