Clipping of news on Brazilian Culture, Law and Citizenship
12/07/2012
This article was translated by an automatic translation system, and was therefore not reviewed by people.
SAO PAULO - The Senate approved, on Wednesday (11), Bill Conversion (PLV) 17/2012, amending the rules of profitability of savings - due to the Provisional Measure (MP) 567/2012.
The MP changes the profitability of savings account where the Selic rate (prime rate) is at 8.5% per year or less. When this happens (as now), savings shall be paid based on 70% of the Selic over TR (Reference Rate).
The matter now needs to be sanctioned by the president.
Amendments rejected
According to the Agency the Senate, during the proceedings in the House, were rejected amendments that sought to limit the application of new rules for deposits over r$ 30,000 and increase the remuneration of savings in case of Selic rate above 11%.
For the leader of the government, Eduardo Braga (PMDB-AM), the market has recognized that the new rules for savings are correct and prudent.
"Brazil is heading towards the possibility of motivating investment interest, with security tax, financial and credit for savings," he said.
Source: MSN News
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This article was translated by an automatic translation system, and was therefore not reviewed by people.