Leo will bite the savings Brazilian
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Minister announced that income from accounts whose balance over R$ 50 thousand will pay 22.5% income tax from next year
Brasilia - The Brazilian savings will not escape the bite of the Lion Finance Minister Guido Mantega said yesterday that books will pay 22.5% income tax since the sales are above R$ 50 mil. The taxation of IR will only focus on the income relating to the part to overcome the R$ 50 thousand (check out examples in the chart below). For books with a balance of up to R$ 50 thousand, nothing changes. The measure takes effect in 2010 for saving new and old, since the project is approved this year. The text should be sent to Congress by Friday.
The limit of R$ 50 thousand will be valid for CPF, or if the taxpayer has applications in excess of this value, divided into two savings, for example, will pay in the statement of annual adjustment of income tax. The government decided to change the proposed taxation of savings, making it simpler, but more expensive. Before, the idea was to tax the applications based on a formula that defined the taxation according to the level of the basic interest rate (Selic). The proposal was more difficult to understand, but represented a smaller loss.
The taxation of savings is assumed to allow the continued fall of the securities, without incurring massive outflow of funds from fixed income funds for the book, due to the continuing decline in interest rates. Mantega supports the measure noting that 99% of savers will be exempted, since only 1% has more than R$ 50 mil.
The government also dropped to reduce the tax on fixed income funds this year, another idea announced in May by the economic team. "There is no need because the market was stable and there was no migration of applications of funds for savings," he said.
Mantega noted that the announcement of the measures in May, led to a drop in management fees, improving return on capital. Currently, depending on the time of application, those who invest in fixed income, than the fee paid IR 15% to 22.5%.
Planning Minister Paulo Bernardo said that the taxation of savings is required. Despite the political difficulties, he put on the approval: "In the medium and long term, real interest rates (adjusted for inflation) in the country will be between 2% and 2.5%. We resolve this situation today. "
Ebiz-consulting.com
1) How are the savings income?
Experts estimate that the yield will vary from 6.17% a year for applications up to R$ 50 thousand, to 4.78% for applications over R$ 2 million. This is due to the fact that the higher the volume invested, the greater the base rate of 22.5%, reducing net income.
2) Who has more than a savings account?
If the sum of balance is less than R$ 50 thousand, nothing changes. If you exceed this amount, you need to make the hit in the annual IR. For example, to whom she has two savings of R$ 30 thousand, there will be no withholding, but the annual return will be charged tax on the income of R$ 10 thousand in excess of the full exemption.
3) Change something in real estate financing?
Experts estimate that, as the IR will focus on small portion of deposits, should not reduce the resources used to finance real estate. The book is the main instrument to finance a home and construction of housing units.
4) How do I compare financial investments?
Sites Bovespa (www.bmfbovespa.com.br/tesourodireto) and the Treasury (www.tesouro.fazenda.gov.br) started to compare the performance of federal government bonds with the savings, through a simulator. The intention is to popularize the program to sell these securities to individuals, who may have higher yields than the long-term savings.
Source: The Day Online
This article was translated by an automatic translation system, and was therefore not reviewed by people.
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