Hugo Motta stated that the vote to overturn the IOF tax hike had support from both the right and the left, the House may vote on an urgent status request for another tax bill, and the import tax on electric vehicles will increase

BRAZIL POLITICS - Report 01 Jul 2025 by Murillo de Aragão and Cristiano Noronha

The President of the Lower House, Hugo Motta (Republicanos-PB), stated that the vote to overturn the IOF tax hike included support from both right- and left-wing deputies. He criticized what he called the polarization of “us versus them.” Today, the House may vote on an urgent status request for Supplementary Bill 41/19, from the Senate, which establishes a periodic review of the impact of tax incentives granted by the federal government to businesses. The federal government will again raise the import tax on electric and hybrid vehicles starting today, July 1, with rates ranging from 25% to 30%.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2025 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.