One of the novelties of the project of tax reform What is being discussed in the National Assembly is that the expenses incurred by taxpayers for their pets will be taken into account for the income tax deduction.
How much income tax will you pay if the tax reform is implemented?
Deductible expenses are those incurred domestically for clothing, education, food and health, and within those four items it will now be possible to include expenses related to pets at the expense of the taxpayer, such as food, veterinary and accessories.
Income tax: now the reduction will depend on how many family obligations the taxpayer has, not on salary
In general, there are six expense items that allow deductions:
living place
Education, art and culture
Health
Feed
Equip
National tourism
This, according to the data of the Tax Administration (SRI), after the Government presented in the National Assembly on Thursday, May 11 its tax reform project called the Law for Strengthening the Family Economy, which aims to reduce income tax (IR) for 341,000 taxpayers through the deduction of expenses in the amount of USD 15,294 based on family obligations, as well as those who make up the Simplified regime for entrepreneurs and companies (Rimpe).
This is the income tax table proposed by the tax reform
The project is presented as an economic emergency, so it must be processed within 30 days. For this only occasion, in accordance with the provision included in the bill, the changes – if approved by the Assembly – will be immediately applicable.
Source: Eluniverso
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