The 11.3% rate calculated by the TCU for CBS surprises senators and enters the center of the debate

The federal court of accounts reached, in its calculations, 11.3% as the percentage applicable to CBS, and the result left senators apprehensive. According to InfoMoney, the figure surprised Congress and put the issue in the spotlight.

Eduardo Braga (MDB-AM) was responsible for reporting, in the Senate, on the CBS reference rate. On Tuesday (3), the parliamentarian addressed the matter during a CAE meeting.

With the arrival of 2027, CBS will take the place of PIS and Cofins, and therefore the choice of rate gains weight as one of the axes of the new consumption taxation.

Braga stated that all senators were surprised by the percentage of 11.3%. According to him, concern about the rate has existed since the approval of the tax reform, which shows that the issue was already on Congress's radar before the TCU was calculated.

Given the reaction, Braga defended deepening the debate on the rate, a sign that the rapporteur does not intend to close the issue without further discussion.

At stake is the reference rate that will serve as the basis for the CBS, a number that will define part of the tax burden of the new system and which has not yet had a defined outcome in the Senate.

What changes for the investor

In the current scenario, the rate is still under discussion, and the rapporteur's work may change the percentage before the CBS comes into force, scheduled for 2027. For those who invest and operate, the main variable is regulatory predictability: a central tax without a defined rate tends to generate caution in the assessment of companies with strong exposure to taxes on consumption and sales. This is a reading of the political and regulatory framework, not a price forecast. The concrete effect on assets will depend on the outcome of the report and the way the market starts to price the issue.

Automatically translated from Portuguese.