On April 25, 2024, the Federal Government and the States proposed the regulation of Tax Reform, which includes the partial taxation of proteins of animal origin, such as picanha, beef, pork, lamb, goat and poultry.
The measure aims to reduce the weight of taxes on the national basic food basket, but still generates uncertainty about the final impact on the price of picanha for the consumer.
Partial Taxation of Picanha and Other Meats
The suggestion seeks to partially include animal proteins in the new Tax on Goods and Services (IBS), with exemption for basic food items such as rice, beans, milk and oil.
Picanha, on the other hand, will be subject to taxation, but at reduced rates compared to current taxes.
Reduction of the General Tax Burden and impact on the price of picanha
The government and states promise to reduce the tax burden. According to Extraordinary Secretary Bernard Appy, the reform will simplify the system, reduce taxes and fees, and combat tax evasion.
The proposal envisages taxing meat, but the final effect on prices is being debated. Experts believe that tax relief for other items could balance the situation, but some fear an increase, especially for more expensive cuts.
The idea of taxing picanha and other animal proteins in tax reform is under evaluation and divides opinions among experts and consumers. The final impact on the price of meat and economy Brazilian economy will depend on the approval and implementation of the reform, in addition to other factors such as market dynamics and the country's fiscal situation.
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