The Senate Committee on Economic Affairs (CAE) approved the bill for the repatriation of funds, assets and values (PL 798/21), written by the President of the Senate, Rodrigo Pacheco (PSD-MG).
The text establishes that the Income Tax due will have a rate of 14% and a fine of 90% should be applied to the amount due. The original wording provided for an income tax rate of 15% on capital gains and a fine of 167%.
The bill extends the deadline for joining the Special Regime for Exchange and Tax Regularization (RERCT).
The repatriation of funds was established by Law 13,254/2016, which allows people who have undeclared legal assets abroad to regularize the situation.
The bill will now go to the House of Representatives for analysis.
Further information is available from Messrs.
Renato de Andrade Bento (renato.andrade@ronaldomartins.adv.br), + 55 (11) 3066-4817 / +55 (11) 99129-2375 and
Rodrigo Alonso Martins, (rodrigo.martins@ronaldomartins.adv.br), (USA) +1 (786) 641-8880 /
+1 (305) 357-2063 e (BRA) +55 (11) 99965-3908 / +55 (11) 3066-5932 / +55 (11) 3066-4800
