Tax Reduction for Industry

PLP 14/2026 addresses the reduction of PIS/Cofins tax rates applied to the chemical and petrochemical industry, with the aim of adjusting and organizing the transition of tax benefits in light of the new tax structure foreseen in the reform. The text, approved by the Senate in February 2026, also corrects previous vetoes and establishes a limit of up to R$ 2 billion for tax waivers in 2026, creating a clearer framework for granting these incentives.

The Ranking of Politicians supports the project, understanding that it combines economic stimulus with fiscal responsibility. By reducing the tax burden on a strategic sector, the proposal contributes to the competitiveness of industry and the preservation of investments and jobs. At the same time, by setting a ceiling for benefits, it avoids excesses and reinforces the predictability of public accounts. It is a measure that corrects distortions, brings greater rationality to the tax system, and aligns with the principles of state efficiency and improvement of the business environment advocated by the Ranking.