President Luiz Inácio Lula da Silva said on Thursday (16) that he will expand the Income Tax for Individuals (IRPF) exemption range.
With the readjustment, the value rises to R$2,640 (around US$506.9).
“It will start from now; we will start exempting at R$2,640,” Lula said during an interview with CNN.
“Then we will go up gradually until we reach the R$5 . . .