Clipping of news on Brazilian Culture, Law and Citizenship
17/08/2012
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Rapporteur for the measure, the share does not receive the same allowance and deductions, which makes the top tax rate
SAO PAULO - The Christmas bonus may be exempted from income tax of individuals. The measure consists of the Bill (266/2012), authored by Sen. Lobao Filho (PMDB - MA), which is awaiting the appointment of the rapporteur (CAS Committee on Social Affairs).
According to the Agency the Senate, the offeror believes that the current law on income tax has "distorted" because the incidence of tax at source is made to apply the same rates of the progressive. Thus, the law does not allow this portion of the income of the worker receives the same rebates and deductions, which makes the effective tax rate higher than the total income.
The exemption shall not affect the government budget, as part dispensed return to public coffers in the form of taxes on consumption.
Importance of the 13th
The thirteenth, the second son, contributes to income redistribution and the formation of savings for expenditure in excess, and place the person in the consumer market.
For the senator, also moves the additional purchases of season, affecting the growth of revenue. "By increasing the consumption, is being given great impetus to the productive sectors of the economy, increasing employment creation and movement of goods, services and income, as a whole," he explains.
Source: InfoMoney
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This article was translated by an automatic translation system, and was therefore not reviewed by people.