Agriculture is one of the sectors most impacted by the current Tax Reform proposals


The agricultural potential of the entire country, and especially of states like Mato Grosso do Sul, with an economy predominantly coming from the rural sector, may be compromised by the Tax Reform proposals. It is a consensus among the various sectors that the proposals currently being processed in the National Congress place a burden on the production system and the Brazilian consumer.

Tax Reform is essential for Brazilian society, but some aspects need to be reviewed. The impacts that the changes can cause are at the center of attention of institutions that represent the producing class, but they also directly affect the population, especially with regard to the costs of the basic food basket. “The elimination of tax relief on basic food basket products could negatively impact the end consumer, as it could increase the cost of 22.7% according to the Brazilian Institute of Tax Planning (IBPT)”, explains the technical manager of the Famasul System, José Pádua.

Continues after form
{module 442}

A study developed by CNA (Confederation of Agriculture and Livestock of Brazil) shows the significant increase in the cost of several agricultural activities, for example, a forecast increase of 19.4% for soybeans and corn and more than 23% in beef cattle farming.

Another point is the inclusion of rural producers as direct contributors. “The transformation will require monthly tax calculations, which requires the hiring of an accounting professional and a lawyer, resulting in additional expenses. This fact can bring disproportionate expenses to rural areas, mainly made up of small and medium-sized rural producers”, adds Pádua.

In general, the sector has been seeking a Tax Reform that reduces bureaucracy without increasing taxes, considering the specific points for the most diverse production chains. “There are different production systems, with completely different profiles, it is necessary to have a different look at the economy, a more practical vision”.

Source: DATA

READ TOO:
{module 441}

Facebook
twitter
LinkedIn

Aboissa supports

Stay up to date with news
and the best opportunities in
agribusiness – sign up now!

Asia

Saudi Arabia

Bangladesh

China

South Korea

United Arab Emirates

Philippines

Hong Kong

India

Indonesia

Iraq

Jordan

Lebanon

Malaysia

Oman

qatar

singapore

Türkiye

Vietnam

America

Argentina

Bolivia

Brazil

Canada

Chile

Colombia

Costa Rica

Cuba

Ecuador

U.S

Guatemala

british virgin islands

Mexico

Nicaragua

Panama

Paraguay

Peru

Dominican Republic

Suriname

Uruguay

Venezuela

Africa

South Africa

Angola

Algeria

Cameroon

Costa do Marfim

Egypt

Ghana

Mauricio Islands

Liberia

Morocco

Nigeria

Kenya

Senegal

Sierra Leone

Sudan

Togo

Tunisia

Europe

Albania

Germany

Belgium

Bulgaria

Cyprus

Spain

Estonia

Finland

France

England

Ireland

Italy

Lithuania

Poland

Portugal

Romania

Russia

Serbia

Sweden

Switzerland

Türkiye

Ukraine

Oceania

Australia

New Zealand

Request a quote!

Fill out the form and get support for your business needs.
Our experts are ready to offer customized solutions.

*We are currently not working with intermediaries.

By providing my data, I agree with the Privacy Policy.