Government cuts income tax on aircraft rentals

Bolsonaro has issued an interim measure that zeros the income tax (IR) on aircraft leasing until 2023 | Photo: JONATHAN CAMPOS / GAZETA DO PEOPLE

President Jair Bolsonaro on Friday (31) released an interim measure (MP) that resets the income tax (IR) rate charged to airlines on aircraft leasing, the “leasing” of aircraft for years 2022 and 2023.

From 2024, the rate will be gradually restored to 1%, going to 2% in 2025 and 3% in 2026. The initiative should result in the reduction of costs in the aviation sector and the price of airline tickets. plane, according to the government.

“The rate currently in force, of 15% since 2021, has negative effects on tourism operations, generating an increase in costs and making it difficult for the sector to recover in the pandemic scenario. Since it makes travel more expensive, demand decreases and consumption shrinks, ”said the Executive.

Related Articles

Back to top button