Our effort is to approve tax regulations this year, says Braga

Senator Eduardo Braga (MDB-AM) stated that the Federal Senate has the “goal” of voting on the report on the regulation of tax reform (PLP 68) by the end of November this year to give the Chamber of Deputies enough time to analyze the matter and for it to still be approved this year.

“The president [do Senado] Rodrigo Pacheco has already announced that the Senate will deliberate after the elections and we estimate that this will happen in November, or even later, in the first days of December”, he pointed out.

However, the parliamentarian, who has not yet been formalized as the proposal’s rapporteur in the Senate, did not rule out that the text could only be approved in 2025.

“This is a hypothetical field. I cannot make an assessment or a timetable based on hypothetical field. Our timetable, our effort, our commitment is to ensure that we can meet the target. The goal is to try to approve this in the Senate this year with enough time for it to return to the Chamber and for the Chamber to deliberate,” he said on Wednesday (14).

The parliamentarian had lunch with the Minister of Finance, Fernando Haddad, this Wednesday. On the menu, the request to withdraw the request for urgency for the analysis of the proposal in the Senate.

With the request for urgency approved by the Chamber, the Senate would only have 45 days to analyze the text, a time considered insufficient by senators. Furthermore, according to the CNN there are other points of the project that were changed and must undergo modifications, such as the Manaus Free Trade Zone.

Braga also stated that another reason is the municipal elections. According to him, 54 senators who will contest the next federal election in 2026 need to be present in their electoral bases and guarantee support.

“It is natural that these senators and others are very involved in the municipal election, and a topic like the regulation of the reform needs to be debated, not only with the senators, but with the productive sector, with the Brazilian nation, with public opinion, with the Ministry of Finance, with the states, with the municipalities, as we did when the constitutional amendment was drafted,” he said.

Speaking to the press after the meeting, Haddad acknowledged the difficulty for senators to analyze the text with the tight deadline due to constitutional urgency.

“It is difficult for the House to consider all the demands for hearings, debates on amendments, and possibly the amendments that have been presented. But this would make it difficult to vote on the projects this year, without compromising the calendar. But it is a relief for the Senate to have a space for a frank and calm debate in society,” the minister pointed out.