Brazil Congress approves bill to keep tax incentives for events industry

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Brazil Congress approves bill to keep tax incentives for events industry
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Halifax Regional Police release Dartmouth suspect’s name and photo | SaltWire #news #novascotiaRIO DE JANEIRO/BRASILIA -Brazil's Senate on Tuesday approved a bill maintaining tax incentives for the meetings and cultural events sector until the end of 2026, which now needs President Luiz Inacio Lula da Silva's approval to become law.

In December, Lula's administration introduced an executive order aimed at limiting benefits across various sectors and ensuring fiscal compensation, including a significant downsizing of the PERSE program, targeting its elimination by 2025. The leftist government then started negotiating some kind of limitation to the program, which resulted in the bill that was approved by Senate unanimously.

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