Lula criticized the 20% tax on international purchases of up to US$50, the rapporteur of the PEC on the Central Bank’s autonomy submitted a new proposal, and next week is expected to be quiet due to the holiday (4/21)

BRAZIL POLITICS - Report 17 Apr 2026 by Murillo de Aragão and Cristiano Noronha

This week, President Lula criticized the so-called “shein tax,” calling it unnecessary. The government had implemented a 20% tax on international purchases of up to US$50. Yesterday, the rapporteur of the constitutional amendment proposal (PEC) on the Central Bank’s budgetary, administrative, and financial autonomy, Senator Plínio Valério (PSDB), submitted a new version of the text to the Senate’s Constitution and Justice Committee (CCJ). The proposal would transform the Central Bank into a special public entity with autonomy to manage its technological, human, and financial resources. Next week is expected to be relatively quiet due to the April 21 holiday.

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