Brazil remaining tax fee barely greater than the one accepted by Congress, particular tax secretary says

SAO PAULO (Reuters) – The ultimate model of the Brazilian tax reform sanctioned on Thursday by Brazil President Luiz Inacio Lula da Silva is barely greater than the one accepted by the decrease home earlier than it went to the senate, particular secretary for tax reform Bernard Appy stated.

The ultimate tax fee retains the essence of the textual content accepted by congress, he stated, including that every one vetoes had been justified by technical adjustment or a constitutionality query.

Estimates from the Ministry of Finance point out that the usual fee of the brand new consumption tax will probably be round 28%, he added.