Luis Inacio Lula da Silva: For the first time.
Luis Inacio Lula da Silva: More than 100 years after the start of the income tax, privileges of a small financial elite gave way to gains for the majority of the Brazilian people. Last Wednesday, November 26.
I signed the law that ends the income tax for those who earn up to R$5,000 per month. A proposal from our government.
Luis Inacio Lula da Silva: It was approved by the Chamber of Deputies and the Senate unanimously and will now take effect in January 2026. If you earn up to R$5,000 per month, December will be the last month you have income tax deducted from your paycheck. And that same law reduces the tax for those who receive between R$5,000 and R$7,350, who will now pay less than they used to.
Luis Inacio Lula da Silva: With zero income tax, a person with a salary of R$4,800 can save R$4,000 in one year.