Request 2310/2025 | Urgent Decree to Overturn IOF Increase | House of Representatives

A request for urgency was presented in the plenary session of the House of Representatives for the processing of the Draft Legislative Decree (PDL) aimed at suspending the effects of the presidential decree that increased the rates of the Tax on Financial Operations (IOF). The objective of the request is to accelerate the consideration of the matter, preventing the economic effects of the measure from continuing to penalize citizens, companies, and investors.

The contested decree, issued by the Executive Branch, significantly increased the tax burden on credit, foreign exchange, insurance, and securities transactions, directly impacting the cost of credit and economic activity. According to the authors of the draft legislation, the measure was taken without proper technical justification, without dialogue with the National Congress, and with serious consequences for the business environment in the country.

In requesting the expedited procedure, parliamentarians argue that it is necessary to ensure legal certainty and tax predictability, especially in a scenario of economic recovery. Furthermore, they emphasize that increasing the IOF (Tax on Financial Operations) by decree escapes regular legislative control, constituting a tax increase without democratic debate.

If the request is approved, the draft bill could be voted on directly in plenary session, without needing to go through the thematic committees, which could accelerate its analysis and eventual approval. The initiative is supported by parliamentarians from different parties, who see the project as a legitimate instrument for Congress to control unilateral acts of the Executive branch that affect revenue collection and the taxpayer.