Will the basic food basket become cheaper? See the government’s decision

Will the basic food basket become cheaper?  See the government’s decision

The fight against hunger in Brazil is a constant concern of the federal government. In this sense, it was recently announced that the tax exemption on the basket of basic foodstuffs would be included in the tax reform, which is being processed in the National Congress. The main objective of this measure is to reduce the prices of the basic food basket, especially for the benefit of low-income Brazilian families.

Proposals to reduce taxes on the basic basket

According to Senator Eduardo Braga, responsible for the project report, two proposals will be presented in scope Tax reform. Both proposals aim to reduce taxes imposed on the purchase of items that constitute the basic food basket. With the approval of these proposals by the Federal Senate, it is expected that the prices of products on the shelves will also decrease.

Establishment of the “National Basic Basket”

One proposal is to create a “national basic food basket.” This basket will contain a limited list of items and will be completely tax-free. The idea behind this measure is to ensure that essential products for basic nutrition are available to all Brazilians, regardless of their income.

Create an “extended primary basket”

In addition to the basic national basket, and Federal government It also plans to create an expanded version of the basic food basket. This second proposal will have a broader list of items and will have – Up to 60% reduction in taxes. This will benefit many citizens, leading to an increased supply of basic food items at affordable prices.

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Cashback on purchase of basic extended basket

An interesting development regarding the expanded basic food basket is the possibility of taxpayers receiving some form of cashback when purchasing these products. Details on how this system will work have not yet been published, but the idea is that part of the amount spent on purchasing the expanded basic food basket will be returned to consumers.

Choose the product and define the menu

The products that will be part of each type of basket have not yet been selected. It is important to highlight that this selection will be based on data from social programs, taking into account the nutritional needs of the population and the items most consumed by Brazilian families.

Proposal processing and other anti-hunger measures

A proposal for a tax exemption on the basic food basket must be submitted to the committee Federal Senate Later this week. However, to enter into force, the project will need to be voted on in two rounds by the House of Representatives. In addition to the tax exemption on the basic food basket, the proposal includes other measures.

Return of taxes paid by low-income families on electricity bills

Additional measures planned include a refund of taxes paid by low-income families on electricity bills. This measure aims to reduce the burden of basic expenses on these families, and ensure the availability of a greater amount of resources to purchase food and other basic items.

The goal is to reduce the burden on low-income taxpayers

The main goal of the package of changes to tax collection is to reduce the burden on low-income taxpayers. With the reduction in basket taxes and the refund of taxes paid on the electricity bill, the most vulnerable Brazilian families are expected to be better able to meet their basic needs.

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Ensure access to food

The inclusion of tax relief in the basket in the tax reform is an important measure to combat hunger in Brazil. With the reduction of taxes and the establishment of an extended national basic food basket, the prices of basic products for basic nutrition are expected to decline, especially to the benefit of low-income families. Moreover, recovering taxes paid by low-income families on electricity bills will help ease the burden of basic expenses. These measures form part of a broader anti-hunger package implemented by the federal government, with the aim of ensuring that all Brazilians have access to adequate and healthy food.

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About the Author: Camelia Kirk

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