Brazil: Lula confirms expansion of income tax exemption

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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 . . .

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