The plenary session of the Chamber of Deputies approved, last Tuesday (February 10th), the supplementary bill (PLP 14/26) that creates a transitional regime for the Special Sustainability Program of the Chemical Industry (Presiq) during this year. The text, a priority for the federal government, will go to the Senate for a vote after Carnival.
The project temporarily reduces PIS/Pasep and Cofins tax rates before the new incentive program, Presiq, comes into effect in 2027. The rates will be 1.52% for PIS/Pasep and 7% for Cofins for events occurring between January 2025 and February 2026. Between March and December 2026, the rate will be 0.62% for PIS/Pasep and 2.83% for Cofins.
The rapporteur, Deputy Afonso Motta (PDT-RS), reaffirmed in his opinion that the estimated revenue loss from tax benefits will be R$ 3.1 billion in 2026, with no financial impact in subsequent years, as it is a measure of a "strictly transitory nature".
“The fiscal impact will be offset by the provision of R$ 1.1 billion for this purpose in the revenue projection of the Annual Budget Law of 2026 and by the compensation, in the amount of R$ 2 billion, relating to the revenue gain provided by Complementary Law 224, of December 26, 2025, and that the proposal does not generate a fiscal impact in the fiscal years subsequent to 2026,” explained Motta.
The bill that created Presiq was approved by Congress at the end of last year. Among the vetoes made by President Lula (PT) when signing the proposal, the head of the Executive removed the section that reduced the rates of the current regime, Reiq, arguing a lack of impact demonstration for the year of validity and for the two subsequent years, in addition to the respective compensation. The PLP approved by the Chamber this week was presented to correct this veto.
Source: www.jota.info