Bill 4.173/23, which deals with the taxation of offshore and exclusive funds, will be voted on in the Chamber of Deputies. The proposals, which had been running separately, have now been unified. The bill also incorporates the content of Provisional Measure 1.184/23, regarding the taxation of investment funds. The measure concerning the end of Interest on Equity (JCP), which was expected to be included in the same bill, was not.

Our lawyer Maria Paula Carvalho Molinar took part in an article on the subject, published in E-Investidor/ESTADÃO. Regarding the possible impacts on companies and investors, she explains that the end of JCPs takes money away from shareholders and leaves companies more indebted. “These earnings are a two-way street, as the investor receives extra remuneration and the companies pay less tax. It’s an accounting trick,” he said.

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