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.
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