Newsletter Edition 27 - July 2021

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Finance and Taxation Committee of the Chamber of Deputies approves Bill 143/2019

On June 23rd, the Finance and Taxation Committee of the Chamber of Deputies approved the opinion of the rapporteur Luis Miranda (DEM-DF) regarding the Complementary Law Project 143/2019, by Deputy Marcos Pereira (PRB-SP). The Bill amends Complementary Law No. 101, of May 4th, 2000, to prohibit the limitation of commitment and financial transactions of BPTO-related expenses, and is in line with ABPI’s proposal for financial autonomy of the body.

The approved opinion is for the non-implication of the matter in increasing or decreasing public revenue or expenditure without being subject to financial and budgetary adequacy statements.

In the substitute presented, the § 2 of art. 9 of Complementary Law No. 101, of May 4th, 2000, becomes effective with the following wording: Expenses that constitute the entity’s constitutional and legal obligations, including those for the payment of debt service, those relating to innovation and scientific and technological development financed by a fund created for this purpose, those relating to the Brazilian Patent and Trademark Office (BPTO) and those provided for by the Budget Guidelines Law will not be subject to limitation.

The project is being considered by the Committee on Constitution and Justice and Citizenship (CCJC) of the Chamber of Deputies.

Read the opinion of Deputy Luis Miranda.

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